Key Takeaway
Under PMAY-CLSS, EWS/LIG families (income up to ₹6 lakh/year) can receive a maximum interest subsidy of ₹2.67 lakh on home loans up to ₹6 lakh, credited upfront to reduce the loan outstanding.
PMAY Subsidy Calculator
Estimate PMAY CLSS interest subsidies based on household annual income.
PMAY Eligibility Output
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Frequently Asked Questions
What is the PMAY scheme?
Pradhan Mantri Awas Yojana (PMAY) is a Credit Linked Subsidy Scheme (CLSS) by the Government of India aimed at providing affordable housing by subsidizing home loan interest rates for EWS, LIG, and MIG categories.
Who is eligible for PMAY subsidy?
Eligibility depends on the household income category. Crucially, the beneficiary family must not own a pucca house anywhere in India, and it must be their first home purchase.
How is the subsidy applied?
The subsidy amount is credited upfront to the loan account of beneficiaries, which effectively reduces the outstanding principal amount and consequently lowers the EMI.
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