Pradhan Mantri Awas Yojana Eligibility

Last Updated 14th Aug 2020

PMAY Eligibility & Subsidy 2020

Income Group Annual Income Maximum Eligible Loan Amount
EWS - Economically Weaker Section Upto Rs. 3 Lakh Rs. 6 Lakh
LIG - Light Income Group Rs. 3 to 6 Lakh Rs. 6 Lakh
MIG1 - Medium Income Group Rs. 6 to 12 Lakh Rs. 9 Lakh
MIG2 - Medium Income Group Rs. 12 to 18 Lakh Rs. 12 Lakh
  • Maximum interest subsidy eligible amount ranges from Rs. 2.30 Lakh to Rs. 2.67 Lakh.
  • Check PMAY subsidy status online on PMAY official website.
Home Loan Eligibility Calculator

Pradhan Mantri Awas Yojana Eligibility

Pradhan Mantri Awas Yojana was launched on 1 June 2015 to provide affordable housing to the urban poor. It is a Credit Linked Subsidy Scheme (CLSS), which means beneficiaries under PMAY scheme are eligible for interest subsidy if they avail a loan to buy or construct a house. The mission of this scheme is to provide housing to all by the end of 2022. However, before applying for the scheme, applicants should check the eligibility criteria.


Credit Linked Subsidy Scheme strives at increasing the credit flow to meet the housing needs of the sparse urban population in our country. The scheme is implemented by two central nodal agencies in India, Housing Urban Development Corporation and National Housing Bank. Further, it also focuses on the demand aspects of the affordable housing finance segment. Credit Linked Subsidy Scheme (CLSS) is a component of PMAY under which, not only weaker sections of society but also middle-income group can avail of home loans at reduced EMIs from banks and financial institutions.

How to Check PMAY Eligibility Criteria?

Applicants will be eligible under this mission if they meet the following criteria:

  • The applicant or any other family member must not own a pucca house in any part of the country.
  • Any household with an annual income up to 18 lakh can apply for this scheme. The annual income of a spouse could also be included while applying.
  • The beneficiary cannot avail PMAY benefits on the already built house.
  • The beneficiary family should not have availed any central assistance under any housing scheme from the Government of India/ State Government.
  • As per Census 2011, all statutory towns and towns notified subsequently would be eligible for coverage under the mission.
  • For senior citizens and differently-abled, ground floor housing is given preference.
  • If the applicant is married, both together in joint ownership or either of the spouses can get a single subsidy.
  • The construction/extension for which the loan is availed must be completed within 36 months from the date of the disbursement of the 1st installment of the loan amount.

Pradhan Mantri Awas Yojana Subsidy Criteria

The eligibility criteria of each group are set up by the PMAY committee below:

Economically Weaker Section (EWS) : Applicants whose annual house income is upto Rs. 3 lakh comes under the EWS category. However, applicants need to provide relevant proof to the government to claim the benefits.

Light Income Group (LIG) : Applicants that have an annual household income ranging between Rs.3 lakh to 6 lakh fall under this category. Applicants are required to provide sufficient proof to claim the benefits.

Medium Income Group (MIG1) : Applicants who earn an annual income below Rs. 12 lakh fall under the MIG1 category. Applicants can avail loans of up to Rs. 9 lakh for the construction of a residence.

Medium Income Group (MIG2) : If the annual income is between Rs.12 to Rs.18 lakh, applicants will fall under the MIG2 category. These people can avail loans of up to Rs.12 lakh. Apart from this, an applicant is required to meet a basic requirement. For instance, if the beneficiary is a family, it must comprise of a husband, wife, and unmarried children. Also, no family members should have a house in their name.

PMAY Subsidy

Under the PMAY scheme of Indian Government, a subsidy of up to 6.50% is provided on the interest rate of home loan. The amount of subsidy is decided based on the annual income of the household. However, along with the subsidy limit on the interest rate, the scheme also has a maximum subsidy limit on the annual interest amount. As per PMAY scheme the maximum amount of subsidy that can be granted is limited to Rs. 2.67 lakhs.

PMAY Subsidy Offers and Benefits

PMAY subsidy benefits the following income group individuals.

Scheme Beneficiary
PMAY Urban scheme Economically Weaker Section, Low Income Group and Middle Income Group
CLSS of PMAY Urban Lower income group and Middle-income group
PMAY Gramin scheme Economically Weaker Section, Low Income Group, Below Poverty Line

Individuals who fulfil the following criteria are eligible to get the benefit of PMAY subsidy on home loan.

Parameters Middle Income Group 1 Middle income Group-2 Lower Income Group Economically Weaker section
Household annual income Rs.6 Lakh to Rs.12 lakh Rs.12 lakh to Rs.18 lakh Rs.3 lakh to Rs.6 lakh Up to Rs. 3 lakh
Subsidy on home loan interest rate 4% p.a. 3% p.a. 6.5% p.a. 6.5% p.a.
Eligible Loan amount for Interest Subsidy (Rs.) Rs.9 lakh Rs.12 lakh Rs.6 lakh Rs.6 lakh
Maximum repayment tenure of home loan 20 years 20 years 20 years 20 years
Maximum Amount of subsidised interest Rs. 2.35 lakh Rs. 2.30 lakh Rs. 2.67 lakh Rs. 2.67 lakh
Maximum Dwelling Unit’s carpet area (in sq. m.) 160 200 60 30

PMAY Subsidy Status

Individuals need to follow these steps to track PMAY status:

  • Visit the official PMAY website
  • Individuals can track the application status in two ways, either by entering his name, father’s name and mobile number or he can simply enter the Assessment ID.

Track PMAY Application Status by Name, Father’s Name & Mobile Number

  • If individuals select the first option, then they are required to enter the details like state Name, district name, his name, father’s name and mobile number.
  • After submitting the information successfully, the status of PMAY application will be conveyed.

Track PMAY Application Status using Assessment ID

  • This option is comparatively simple since one needs to enter his Assessment ID and Mobile number.
  • After entering the information, one will be directed to a page that will display the status of his assessment.

PMAY EMI Calculator

Before applying for the loan under the PMAY scheme, it’s better to calculate your EMIs beforehand so that you can plan your finances accordingly. Multiple online aggregators help you calculate monthly EMIs and home loan subsidy in just seconds. You need to input the following details: Annual Family Income, Tenure, Interest rate, and Loan Amount. Once you submit the details, you will get the Subsidy amount, Subsidy category, effective interest rate, and EMIs.

Objectives of PMAY Subsidy Calculator

The objectives of PMAY Subsidy calculator are:

Saves you from tedious calculations : A subsidy calculator eliminates the tedious manual calculations and additional stress involved.

Saves time : With the help of the PMAY Subsidy calculator, you can calculate subsidy and category in seconds, which in turn, saves your precious time. 

Help you plan your finances well : Calculating EMIs and subsidy gives you an idea as to how much money you need to set aside from your monthly income. In short, the PMAY calculator helps you to decide the amount which you can pay back without any financial stress.

Calculates effective interest rate : PMAY calculator helps to calculate the effective interest rate on loan under PMAY scheme and helps you to save your time. 

Similar Schemes Under Home Loans


Who is eligible for PMAY?

  • Any household with an annual income between Rs. 3 lakh to 18 lakh can apply for this scheme.
  • The applicant or any other family member must now own a pucca house in any part of the country.
  • The beneficiary cannot avail PMAY benefits on the already built house.
  • For senior citizens and differently-abled, ground floor housing is given preference.
  • If the applicant is married, both together in joint ownership or either of the spouse can get a single subsidy.

Is PMAY applicable for a resale flat?

No, PMAY is not applicable on resale flats. However, it is applicable to self-constructed and builder property.

Who is not eligible for PMAY?

Individuals who already have a pucca house in the country or have availed benefit from a central/state government-run housing scheme earlier or the annual income is more than Rs. 18 lakhs; are not eligible for loan under PMAY.

How can I check my PMAY subsidy status?

Your loan eligibility for your salary depends on the FOIR. Suppose, the FOIR provided by bank is 50% and tenure is 30 years. Then, your loan amount eligibility based on various income will be:

Step 1 : Visit the official website -

Step 2 : Select ‘Citizen Assessment’ option.

Step 3 : Select the ‘Track Your Assessment’ status at the bottom of the menu.

Step 4 : Once you select the option, you will be redirected to another page which will give you two options — By Name, Father’s Name and ID Type or By Assessment ID.

Step 5 : Select one of the two options to track your application status.

Step 6 : Applicant needs to enter the state, city, district, father’s name, ID type, and then enter the corresponding ID number and registered mobile number.

Step 7 : The applicant can also enter the assessment ID and register mobile number to track the application status.

How is PMAY subsidy credited?

After you submit the application, the bank will claim the subsidy benefits from the National Housing Bank, provided you are eligible for PM Awas Yojana Scheme. Once confirmed, the subsidy amount will be given to the applicant’s bank. And then, the money will be transferred to the loan account.

How does PMAY subsidy is calculated?

One of the best ways to calculate the PMAY subsidy is by using the subsidy calculator. You need to input the following details: Annual Family Income, Tenure, Interest rate, and Loan Amount. Once you submit the details, you will get the subsidy amount.

Home Loan News - Aug 2020
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