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Pradhan Mantri Awas Yojana (PMAY) –

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The “Credit Linked Subsidy Scheme” (CLSS) under Pradhan Mantri Awas Yojana (PMAY) was announced by our Honourable Prime Minister Shri Narendra Modi. The scheme envisages the vision of housing for all by the year 2022.


Under this scheme, interest subsidy on purchase/ construction/ extension/ improvement of house is provided to customers belonging to Economical Weaker Section (EWS)/Lower Income Group (LIG)/Middle Income Group (MIG).



  • The scheme is offered to families, comprising of husband, wife and unmarried children. (An adult earning member irrespective of marital status can be treated as a separate household )
  • The family should not own a pucca house in the name of any member of the family in any part of India


  • Upfront interest subsidy benefit on principal outstanding
  • Aadhar number(s) is mandatory.
  • Interest subsidy will be for a maximum loan tenure of 20 years or the loan tenure whichever is lower
  • No capping on the loan amount or on the cost of property.

Key Parameters of Credit Linked Subsidy

Scheme Type EWS/LIG MIG – I MIG – II
Eligibility Family Income (Rs.) EWS – Rs. 0 to Rs. 3, 00,000
LIG – Rs. 3,00,001 to Rs. 6,00,000
Rs. 6,00,001 to
Rs.12,00,001 to
Carpet Area-Max (sq. m.) 30 sqm** / 60 sqm** 160 200
Subsidy calculated on a max loan of Rs. 6,00,000 Rs. 9,00,000 Rs. 12,00,000
Interest Subsidy (%) 6.50 4.00 3.00

A process to avail subsidy

If you are eligible for PMAY subsidy benefit you can submit your request. The bank will review your request for subsidy claim and will submit the claim to National Housing Bank.

Please follow the below process:

  • Complete Self Declaration form as provided by Bank
  • Submit the duly filled Self Declaration Form
  • Aadhaar is mandatory to avail subsidy, hence carry original Aadhaar card of all family members.
  • Details of family members to be provided correctly
  • Signature of all applicants and co-applicants (wherever applicable) is required on Self Declaration form
  • Subsidy is subject to approval and clearance from National Housing Bank.


*The Details mentioned above are based on the scheme framed by the Government of India under the Pradhan Mantri Awas Yojana (PMAY). These are subject to change as and when there is a change in the scheme by the Government of India.

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