HousingNational SchemeOngoing
Pradhan Mantri Awas Yojana - Urban (PMAY-U)
Credit-linked subsidy on home loans for EWS, LIG, and MIG households for purchase, construction, or enhancement of homes.
Ministry of Housing and Urban Affairs
What you get
Interest subsidy on home loans: EWS/LIG (income up to ₹6 lakh/year) — 6.5% subsidy on loan up to ₹6 lakh. MIG-I (₹6-12 lakh/year) — 4% subsidy on loan up to ₹9 lakh. MIG-II (₹12-18 lakh/year) — 3% subsidy on loan up to ₹12 lakh. Subsidy credited upfront to loan account reducing EMI. Women ownership/co-ownership preferred for EWS/LIG. Benefit for beneficiaries in slums and urban areas.
Who can apply
Urban households from EWS (income up to ₹3 lakh), LIG (₹3-6 lakh), MIG-I (₹6-12 lakh), and MIG-II (₹12-18 lakh) annual income categories.
For: Urban households without pucca house
Income limit: Up to ₹18 lakh annual household income
- Should not own a pucca house anywhere in India
- Should not have availed housing loan subsidy earlier under any scheme
- Women co-ownership encouraged for EWS/LIG
Documents required
General
- Aadhaar card of all adult members
- Income certificate / IT returns
- Bank account details
- Property documents
- Construction approval (if applicable)
- Photos
Scheme code: PMAY-U