Housing

PM Awas Yojana – Urban (PMAY-U)

Credit-linked interest subsidy on home loans for EWS, LIG, and MIG families in urban areas.

Main Benefit

Up to ₹2.67 lakh subsidy

About the scheme

PMAY-U addresses urban housing shortage. The Credit Linked Subsidy Scheme (CLSS) provides interest subsidy on home loans for eligible urban families.

Key benefits

  • EWS/LIG: 6.5% subsidy on loans up to ₹6 lakh
  • MIG-I: 4% subsidy up to ₹12 lakh
  • MIG-II: 3% subsidy up to ₹9 lakh
  • Benefit up to ₹2.67 lakh per beneficiary

Eligibility

  • EWS: family income ≤ ₹3 lakh/year
  • LIG: ₹3–6 lakh/year
  • MIG-I: ₹6–12 lakh, MIG-II: ₹12–18 lakh
  • No pucca house in family name anywhere in India

How to apply

Apply through CSCs, banks, housing finance companies, or pmaymis.gov.in.