Pradhan Mantri Awas Yojana

Pradhan Mantri Awas Yojana is a programme by Government of India to ensure Housing for all by 2022. Under this, there is a Credit Linked Subsidy Scheme on home loans for properties in urban market belonging to Economically Weaker Section (EWS), Low Income Group (LIG) and Middle Income Group 1 & 2 (MIG). It can be availed for new or resale purchase of home, construction, or for extension or improvement of rooms, kitchen, toilet etc.

1) For Economically Weaker Section (EWS) & Low Income Group (LIG):
  • Up to Rs. 6 Lacs.
  • Subsidy 6.50%
  • Subsidy amount upto Rs. 2,67,280
2) For Middle Income Group (MIG):
  • Up to Rs. 12 Lacs - Rs. 18 Lacs.
  • Subsidy 4.00% - 3.00%
  • Subsidy amount upto Rs. 2,35,068 - Rs. 2,30,156
  • The applicant or its dependents should be a first time home buyer and should not own a pucca property at the time of availing the scheme.
  • Banks other terms and conditions will be applicable.