HousingNational SchemeOngoing
Pradhan Mantri Awas Yojana Urban (PMAY-U)
Credit-linked subsidy on home loans for EWS, LIG and MIG families in urban areas.
Ministry of Housing and Urban Affairs
What you get
Interest subsidy of 3 to 6.5 percent on home loans for first-time homebuyers. EWS income below Rs 3L gets 6.5% subsidy on Rs 6L loan. LIG Rs 3-6L income gets 4% on Rs 6L. MIG-I Rs 6-12L income gets 4% on Rs 9L. Net present value benefit up to Rs 2.67 lakh. Houses must be in wife's name or jointly owned.
Who can apply
First-time homebuyer. Annual household income EWS up to Rs 3 lakh, LIG Rs 3-6 lakh, MIG-I Rs 6-12 lakh. Should not own a pucca house.
For: EWS/LIG/MIG urban families
Income limit: Up to Rs 18 lakh (MIG-II)
Documents required
General
- Aadhar card all family members
- Income proof salary slip or IT return
- Bank statement 6 months
- Property documents allotment letter
- Self-declaration of first-time ownership
Scheme code: PMAY-U-2025