Pradhan Mantri Awas Yojana Eligibility

The Pradhan Mantri Awas Yojana (PMAY) (URBAN)-Housing for All was a mission launched by the Indian government with the goal of increasing homeownership.

PMAY Eligibility Criteria

The Ministry of Housing and Urban Poverty Alleviation has established a road map as well as the eligibility criteria that prospective applicants must meet. It has also enlisted the assistance of some of the country's leading banks to provide construction loans under PMAY. 

Banks provide loans at a lower interest rate because the government pays the rest on the applicant's behalf. This model of subsidized loans assists more economically disadvantaged people in constructing a home. This is how it appears:


Family Income Annual

Max Carpet Area


Rs.3 lakh

60 square meters (645.83 square feet)


Rs.6 lakh

60 square meters (645.83 square feet)


Rs.6 lakh to Rs.12 lakh

160 square meters (1722.33 square feet)


Rs.12 lakh to Rs.18 lakh

200 square meters (2152.78 square feet)

Aside from that, an applicant must meet a basic requirement. If the beneficiary is a family, for example, it must include a husband, wife, and unmarried children. In addition, no one in the family should own a home in their name.

Pradhan Mantri Awas Yojana Loan Eligibility for MIG




Household Income

Rs.12 lakh p.a.

Rs.18 lakh p.a.

Loan Tenure (Max)

20 years p.a.

20 years p.a.

Interest subsidy

4% p.a.

3% p.a.

The eligible amount of loan for interest subsidy (CLSS)

Rs.9 lakh

Rs.12 lakh

Interest subsidy (Max)

Rs.2.35 lakh

Rs.2.3 lakh

Discount for NPV (Net Present Value)



Dwelling unit max carpet area

90 sq. mt

110 sq. mt

Monthly EMI (8.65%) with interest subsidy



Monthly EMI (8.65%) without interest subsidy



Pradhan Mantri Awas Yojana Loan Eligibility for LIG/EWS

Amount of loan

Rs.3 lakh

Rs.6 lakh

Rs.10 lakh

Subsidy Amount

Rs.3 lakh

Rs.6 lakh

Rs.6 lakh

Balance loan




Interest subsidy




Initial EMI




Reduced EMI after subsidy credit




Savings on a monthly basis




Savings on an annual basis




What is a Credit-Linked Subsidy Scheme (CLSS)?

The Credit Linked Subsidy Scheme (CLSS) is a benefit provided under the PMAY Scheme that allows the Economically Weaker Section (EWS), Low Income Group (LIG), and Medium Income Group (MIG) to obtain home loans with lower EMIs thanks to an interest subsidy. Under the Pmay subsidy eligibility, the beneficiary will receive an upfront interest subsidy on the principal amount, resulting in a lower effective home loan and EMI.

PMAY Eligibility Criteria - Related FAQs

  •  The Pradhan Mantri Awas Yojana – Credit Linked Subsidy Scheme (PMAY-CLSS) was launched by our Honourable Prime Minister Shri Narendra Modi for customers from the Economically Weaker Sections (EWS), Low Income Groups (LIG), and Middle Income Groups (MIG) (MIG-I and MIG-II).
  • Beneficiaries of this scheme would be eligible for a subsidy on the interest on housing loans taken out for the purchase, construction, extension, or improvement of a home.
  • To be eligible for the Credit Linked Subsidy Scheme (CLSS) under PMAY, the beneficiary's family must meet the following criteria:

    • A family consisting of the husband, wife, and unmarried children should be the beneficiary.

      • The beneficiary can also be an unmarried individual who works in the family.

        • The beneficiary must not own a pucca house in India, either in his or her own name or in the name of any member of his or her family.

          • The beneficiary must meet the criteria for the various categories of the scheme, which are based on family income levels.
          • The beneficiary should not have received central assistance under the mission 'Housing for All by 2022.'
          • For EWS and LIG beneficiaries, ownership of the property under consideration by a woman is required in all cases, except where the land was already owned by the customer prior to June 17, 2015, and the loan is only used for self-construction of a house on the self-owned land.
          • The property must have basic trunk infrastructure such as water and electricity supply, as well as drainage or sanitation facilities.
          • The National Housing Bank subsidy will be claimed by the Bank for eligible borrowers (NHB). Following that, the NHB will conduct due diligence to exclude claims where the customer has submitted multiple requests.
          • The amount of the subsidy would be paid to us on behalf of all eligible borrowers. The bank will credit the interest subsidy to the eligible borrower's loan account as soon as they receive it. The subsidy will be calculated based on the Net Present Value (NPV) at a 9% discount rate.

          Internal Links

          Was this information useful?

          300 characters allowed (alphanumeric and special characters such as comma, full stop, @, ", &)

          Thank you. Your feedback is important to us.

          Apply for personal loan


          An OTP will be sent for verification