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PMAY Subsidy

Pradhan Mantri Awas Yojana Subsidy

With an aim to provide affordable housing to every societal strata, the PMAY scheme offers its beneficiaries the PMAY subsidy , where the interest on the housing loan is offered at subsidised or reduced interest rates.

Interest on the housing loan is offered at subsidised or reduced interest rates, as can be seen in the table below -

 

Particulars EWS LIG MIG I MIG II

Household Income (Rs. p.a.)

0-3,00,000

3,00,001-6,00,000

6,00,001-12,00,000

12,00,001-18,00,000

Eligible loan amount for PMAY subsidy

Upto Rs. 6,00,000

Upto Rs. 6,00,000

Upto Rs. 9,00,000

Upto Rs. 12,00,000

Pradhan Mantri Awas Yojana interest rate (% p.a.)

6.50

6.50

4.00

3.00

Maximum Loan Tenure (in years)