Pradhan Mantri Awas Yojana - Urban (PMAY-U)

About the Scheme

PMAY-U was launched on 25 June 2015 to address urban housing shortage for EWS/LIG/MIG categories. It has four verticals: In-situ Slum Redevelopment (ISSR), Credit Linked Subsidy Scheme (CLSS), Affordable Housing in Partnership (AHP), and Beneficiary-led Construction/Enhancement (BLC). CLSS provides interest subsidy of 6.5% on home loans up to ₹6 lakh (EWS/LIG), 4% up to ₹9 lakh (MIG-I), and 3% up to ₹12 lakh (MIG-II).

Benefits

• Interest subsidy of 6.5% on home loans (EWS/LIG)
• Subsidy of 4% on loans up to ₹9 lakh (MIG-I)
• Subsidy of 3% on loans up to ₹12 lakh (MIG-II)
• Maximum subsidy amount ₹2.67 lakh
• Preference to women applicants

Eligibility Criteria

• 1EWS: Annual income up to ₹3 lakh
• 2LIG: Annual income ₹3-6 lakh
• 3MIG-I: Annual income ₹6-12 lakh
• 4MIG-II: Annual income ₹12-18 lakh
• 5Should not own a pucca house anywhere in India

Documents Required

Frequently Asked Questions