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Pradhan Mantri Awas Yojana – Urban (PMAY-U)
Central scheme
Credit Linked Subsidy Scheme (CLSS): interest subsidy of up to 6.5% on home loans for EWS/LIG (loan up to ₹6 lakh), 4% for MIG-I (up to ₹9 lakh), and 3% for MIG-II (up to ₹12 lakh). Subsidy is credited upfront to the loan account, reducing the effective EMI significantly.
Eligibility Criteria
- EWS (Economically Weaker Section): annual household income up to ₹3 lakh
- LIG (Lower Income Group): annual income ₹3–6 lakh
- MIG-I: annual income ₹6–12 lakh; MIG-II: ₹12–18 lakh
- Beneficiary or any family member must not own a pucca house in India
- Must be an Indian citizen with valid Aadhaar
- Women ownership / co-ownership mandatory for EWS & LIG
Required Documents
- Aadhaar Card
- Income certificate / salary slips / ITR
- Property documents / sale agreement
- Bank account details
- Photograph
- Affidavit declaring no pucca house ownership
- Caste/minority certificate if applicable