The Pradhan Mantri Awas Yojana (PMAY) Credit Linked Subsidy Scheme provides housing loans with interest subsidies to economically weaker sections, low-income groups, and middle-income groups to buy or construct a home. Eligible applicants must have an annual household income below Rs. 3 lakhs for EWS, Rs. 3-6 lakhs for LIG, Rs. 6-12 lakhs for MIG-I, and Rs. 12-18 lakhs for MIG-II. The scheme provides interest subsidies of 6.5% for EWS/LIG, 4% for MIG-I, and 3% for MIG-II on housing loans

1. All About PRADHAN MANTRI
AWAAS YOJANA SCHEME

2. PRADHAN MANTRI AWAS YOJANA (PMAY) -
CREDIT LINKED SUBSIDY SCHEME (CLSS)
 The Pradhan Mantri Awas Yojana (PMAY) Credit Linked Subsidy Scheme (CLSS) -
‘Housing for All’ is a home loan scheme launched by our honorable Prime Minister Shri
Narendra Modi.
 The scheme envisions 'Housing for All' by the year 2022. It benefits people belonging to
the Economically Weaker Section (EWS), Low Income Group (LIG), Middle Income
Group-I (MIG-I), and Middle Income Group-II (MIG-II) of society.
 Beneficiaries availing this scheme are eligible to avail interest subsidy on the purchase
or construction of a house or the enhancement of dwelling unit.

3. Eligibility Criteria
• People belonging to the Economically Weaker Section (EWS), Low Income Group (LIG),
Middle Income Group-I (MIG-I) and Middle Income Group-II (MIG-II) are eligible for this
scheme
• Age of the applicant must be 70 years or less
• Income range of the applicant must be below Rs. 3 lakhs per annum for economically
weaker sections and between Rs. 3 -6 lakhs per annum for lower income groups
• Women who are citizens of India are eligible
• Family means husband/wife/unmarried children.
• Applicable for customers who are purchasing/constructing their first home. The
beneficiary family should not own any other house in their name.
• The carpet area should not exceed 30 sq. mt. for EWS (annual household income up to
Rs. 3 lakh PA), 60 sq. mt. for LIG (annual household income between Rs. 3 lakh to Rs. 6
lakh PA), 120 sq. mt. for MIG-I (annual household income between Rs. 6 lakh to Rs. 12
lakh PA), and 150 sq. mt. for MIG-II (annual household income between Rs. 12 lakh to Rs.
18 lakh PA)

4. Eligibility Criteria
• The construction/extension must be completed within 36 months
• A woman has to be owner/co-owner of the property
• They must meet the income requirement of the scheme.
• The beneficiary family should not already own a ‘pucca’ house anywhere in India under their
own name.
The beneficiary family should not have already availed any other central assistance under any
housing scheme from the Government of India or benefit under any scheme in Pradhan Mantri
Awas Yojana (PMAY).
• The beneficiary family shall comprise of husband, wife and unmarried children. However, under
the MIG category, an adult earning member irrespective of his/her marital status can also be
treated as a separate household.
• For married couples, either spouse or both of them together in joint ownership can be eligible
for a single subsidy.

5. Exception
 An adult earning member (irrespective of marital status) can be treated as a separate
household – which means a bachelor availing a loan can also avail subsidy if he/she is
buying property in his/her name

6. PRADHAN MANTRI AWAS YOJANA
SCHEME TABLE
Annual
Household
Income (Rs.)
Categories Interest
Subsidy (%)
Subsidy
Calculated on
Max. Loan of
(Rs.)
Max. Interest
Subsidy of
Max. Carpet
Area of the
Property
Upto 6 lakh EWS and LIG 6.50% 6,00,000 2.67 lakh 60 sq.mt
6 lakh to 12
lakh
MIG-1 4.00% 9,00,000 2.35 lakh 180 sq.mt
12 lakh to 18
lakh
MIG-2 3.00% 12,00,000 2.30 lakh 200 sq. mt.

7. Thank You