Not yet classifiedPRADH
Pradhan Mantri Awas Yojana (PMAY)
Provides credit-linked interest subsidies on home loans and direct financial assistance to facilitate access to affordable housing for Economically Weaker Sections (EWS), LIG, and MIG categories.
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Up to ₹₹2,67,000
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Official fee
₹0 — completely free
PMAY application for credit-linked subsidy is completely free through banks. Do not pay any agent to process your subsidy.
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Highlights and Media
Key Highlights
Up to ₹2.67 Lakh Subsidy
Upfront interest subsidy credited to your loan account, reducing interest burden.
Women Ownership Priority
Property must be owned or co-owned by a female member for EWS/LIG segments.
Eco-Friendly Construction
Houses are constructed using sustainable and eco-friendly technologies.
Interest Subsidy slabs (CLSS)
Slab-wise subsidy rate based on annual household income
Maximum loan amount eligible for subsidy is ₹6 Lakh. Higher loan amounts carry normal interest rates.
Maximum loan amount eligible for subsidy is ₹9 Lakh.
Maximum loan amount eligible for subsidy is ₹12 Lakh.
Who is eligible
- Eligible beneficiary under the income slabs who does not own a pucca house.
Eligibility rules · v1 · effective 1 January 2020
Who is not eligible
- PMAY applicant must be part of operating micro-enterprises or individual domestic consumers.
How to apply
Apply for Home Loan from Lender
Apply for a housing loan from any primary lending institution (bank, housing finance company) that has signed an MoU with NHB/HUDCO.
Typical duration · 10 days
Lender Validates and Claims Subsidy
The lender validates eligibility and submits the claim proposal to the central nodal agency (NHB/HUDCO) for subsidy release.
Typical duration · 30 days
Subsidy Credited to Loan Account
Once approved, the subsidy amount is directly credited to your loan account, reducing the outstanding principal.
Typical duration · 15 days
Sources
- Pradhan Mantri Awas Yojana - Urban Portal, Ministry of Housing and Urban AffairsMINISTRY_PORTAL · Fetched 5 July 2026
Additional Details
Pradhan Mantri Awas Yojana (PMAY) is a major national credit-linked subsidy scheme by the Government of India designed to make housing affordable for low and moderate-income residents. The program is divided into two components: PMAY-Urban (PMAY-U) managed by the Ministry of Housing and Urban Affairs, and PMAY-Gramin (PMAY-G) managed by the Ministry of Rural Development.
Under the Credit Linked Subsidy Scheme (CLSS), beneficiaries can receive interest subsidies ranging from 3.0% to 6.5% on home loans, depending on their income slab (EWS, LIG, MIG-I, or MIG-II). The interest subsidy is credited upfront to the beneficiary's loan account, significantly reducing the principal loan amount and monthly EMI payments.
Preference is given to women (who must be sole or joint owners of the property in EWS/LIG cases), differently-abled individuals, and senior citizens when allocating ground floors.