Housing
Pradhan Mantri Awas Yojana (PMAY)
Ministry of Housing & Urban Affairs · Launched 2015
If you don't own a pucca house yet, this is the big one. It helps eligible families build or buy a home, with a good chunk of your home loan interest knocked off as a subsidy.
Key benefit
Interest subsidy up to Rs. 2.67 lakh on home loans and direct assistance for house construction.
Eligibility criteria
- Household should not own a pucca house anywhere in India
- Annual household income within the prescribed slab (EWS up to Rs. 3 lakh, LIG up to Rs. 6 lakh)
- Beneficiary family comprises husband, wife and unmarried children
- Should not have availed central assistance under any housing scheme earlier
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Documents required
- Aadhaar Card
- Income Certificate
- Bank account details
- Proof of residence
- Property documents (for construction)
How to apply
- 1Visit the official PMAY portal and select Citizen Assessment
- 2Enter your Aadhaar number to verify identity
- 3Fill in personal, income and bank details
- 4Submit the application and note the application number
- 5Track status using the application number on the portal
Frequently asked questions
Who is eligible for PMAY subsidy?
Families belonging to EWS, LIG and MIG categories without a pucca house, within the prescribed income limits, are eligible for the credit-linked subsidy.
What is the maximum subsidy under PMAY?
Eligible beneficiaries can receive an interest subsidy of up to Rs. 2.67 lakh on their home loan depending on income category.