{"id":664,"date":"2026-06-13T03:50:01","date_gmt":"2026-06-13T03:50:01","guid":{"rendered":"https:\/\/mybharatportal.com\/tools\/?page_id=664"},"modified":"2026-10-24T08:38:23","modified_gmt":"2026-10-24T08:38:23","slug":"pm-awas-yojana-subsidy-calculator","status":"publish","type":"page","link":"https:\/\/mybharatportal.com\/tools\/pm-awas-yojana-subsidy-calculator\/","title":{"rendered":"PM Awas Yojana Subsidy Calculator 2026: EWS, LIG &amp; MIG Guide"},"content":{"rendered":"\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h1 class=\"wp-block-heading\">What Is PMAY \u2014 India&#8217;s Housing for All Scheme, Explained Properly<\/h1>\n\n\n\n<div class=\"pmay-calc\">\n<link rel=\"preconnect\" href=\"https:\/\/fonts.googleapis.com\">\n<link href=\"https:\/\/fonts.googleapis.com\/css2?family=Fraunces:opsz,wght@9..144,600;9..144,700;9..144,900&#038;family=Inter:wght@400;500;600;700&#038;family=JetBrains+Mono:wght@400;500;700&#038;display=swap\" rel=\"stylesheet\">\n<style>\n  .pmay-calc, .pmay-calc *{box-sizing:border-box;}\n  .pmay-calc{\n    --ink:#16263B;\n    --ink-soft:#4A5C71;\n    --paper:#E9EDE7;\n    --paper-line:#CBD3C6;\n    --surface:#FDFCF8;\n    --gold:#B8863C;\n    --gold-deep:#8F6A2E;\n    --teal:#2F6F62;\n    --teal-soft:#E4EEE9;\n    --stamp:#9C3B3B;\n    --stamp-soft:#F4E4E2;\n\n    background:var(--paper);\n    color:var(--ink);\n    font-family:'Inter', sans-serif;\n    line-height:1.5;\n    padding:28px 20px 32px;\n    border:1px solid var(--ink);\n    border-radius:6px;\n    max-width:980px;\n    margin:0 auto;\n  }\n  .pmay-calc .eyebrow{\n    font-family:'JetBrains Mono', monospace;\n    font-size:11px;\n    letter-spacing:.12em;\n    text-transform:uppercase;\n    color:var(--gold-deep);\n    font-weight:700;\n    margin-bottom:8px;\n  }\n  .pmay-calc h2.pmay-title{\n    font-family:'Fraunces', Georgia, serif;\n    font-weight:900;\n    font-size:clamp(24px,4vw,34px);\n    margin:0 0 6px;\n    letter-spacing:-0.01em;\n  }\n  .pmay-calc .pmay-sub{\n    color:var(--ink-soft);\n    font-size:14px;\n    max-width:600px;\n    margin-bottom:24px;\n  }\n  .pmay-calc .grid{\n    display:grid;\n    grid-template-columns:1fr 1fr;\n    gap:32px;\n    align-items:start;\n  }\n  @media (max-width:760px){ .pmay-calc .grid{grid-template-columns:1fr;} }\n\n  .pmay-calc label{\n    display:block;\n    font-size:12px;\n    font-weight:600;\n    text-transform:uppercase;\n    letter-spacing:.04em;\n    color:var(--ink-soft);\n    margin:14px 0 6px;\n  }\n  .pmay-calc label:first-of-type{margin-top:0;}\n  .pmay-calc .hint{\n    font-size:11.5px;\n    color:var(--ink-soft);\n    font-weight:400;\n    text-transform:none;\n    letter-spacing:0;\n    display:block;\n    margin-top:3px;\n  }\n  .pmay-calc input[type=number]{\n    width:100%;\n    padding:10px 12px;\n    border:1.5px solid var(--ink);\n    border-radius:2px;\n    font-family:'JetBrains Mono', monospace;\n    font-size:15px;\n    background:var(--surface);\n    color:var(--ink);\n  }\n  .pmay-calc input:focus{\n    outline:2px solid var(--gold);\n    outline-offset:1px;\n  }\n  .pmay-calc .row2{display:grid;grid-template-columns:1fr 1fr;gap:12px;}\n\n  .pmay-calc .toggle-group{display:flex;gap:8px;margin-top:2px;}\n  .pmay-calc .toggle-btn{\n    flex:1;\n    padding:9px 8px;\n    border:1.5px solid var(--ink);\n    background:var(--surface);\n    border-radius:2px;\n    font-size:12.5px;\n    font-weight:600;\n    cursor:pointer;\n    color:var(--ink);\n    text-align:center;\n  }\n  .pmay-calc .toggle-btn.on{\n    background:var(--gold);\n    border-color:var(--gold-deep);\n    color:#fff;\n  }\n\n  .pmay-calc .ledger{border-top:2px solid var(--ink);}\n  .pmay-calc .lrow{\n    display:flex;\n    justify-content:space-between;\n    gap:12px;\n    padding:9px 0;\n    border-bottom:1px dashed var(--paper-line);\n    font-size:13.5px;\n  }\n  .pmay-calc .lrow .amt{font-family:'JetBrains Mono', monospace; font-weight:500; white-space:nowrap;}\n  .pmay-calc .lrow.sub .amt{color:var(--teal);}\n  .pmay-calc .lrow.total{\n    border-bottom:none;\n    border-top:2px solid var(--ink);\n    padding-top:14px;\n    margin-top:4px;\n    font-weight:700;\n  }\n\n  .pmay-calc .result-card{\n    margin-top:18px;\n    background:var(--teal-soft);\n    border:1.5px solid var(--teal);\n    border-radius:6px;\n    padding:18px 20px;\n  }\n  .pmay-calc .result-card.ineligible{background:var(--stamp-soft); border-color:var(--stamp);}\n  .pmay-calc .result-label{\n    font-family:'JetBrains Mono', monospace;\n    font-size:11px;\n    text-transform:uppercase;\n    letter-spacing:.08em;\n    color:var(--ink-soft);\n    margin-bottom:4px;\n  }\n  .pmay-calc .result-value{\n    font-family:'Fraunces', Georgia, serif;\n    font-weight:800;\n    font-size:32px;\n    color:var(--ink);\n  }\n  .pmay-calc .result-note{font-size:12.5px; color:var(--ink-soft); margin-top:6px;}\n\n  .pmay-calc .warn-box{\n    margin-top:14px;\n    padding:12px 14px;\n    background:var(--stamp-soft);\n    border:1.5px solid var(--stamp);\n    border-radius:4px;\n    font-size:12.5px;\n    color:var(--ink);\n    display:none;\n  }\n  .pmay-calc .warn-box.show{display:block;}\n  .pmay-calc .warn-box ul{margin:6px 0 0; padding-left:18px;}\n\n  .pmay-calc .footnote{\n    margin-top:28px;\n    padding-top:16px;\n    border-top:2px solid var(--ink);\n    font-size:11.5px;\n    color:var(--ink-soft);\n  }\n<\/style>\n\n<div class=\"eyebrow\">Government Scheme &middot; PMAY-U 2.0 &middot; Interest Subsidy Scheme (ISS)<\/div>\n<h2 class=\"pmay-title\">PM Awas Yojana Subsidy Calculator<\/h2>\n<div class=\"pmay-sub\">Estimate your PMAY-U 2.0 interest subsidy, its NPV, and how much your EMI could drop \u2014 based on the 4% subsidy on the first \u20b98 lakh of your loan.<\/div>\n\n<div class=\"grid\">\n  <div>\n    <label>Annual household income (\u20b9)<\/label>\n    <input type=\"number\" id=\"pm_income\" value=\"540000\" min=\"0\" step=\"10000\">\n\n    <label>Home loan amount (\u20b9)<\/label>\n    <input type=\"number\" id=\"pm_loan\" value=\"2000000\" min=\"0\" step=\"50000\">\n\n    <div class=\"row2\">\n      <div>\n        <label>Interest rate (% p.a.)<\/label>\n        <input type=\"number\" id=\"pm_rate\" value=\"8.75\" min=\"1\" max=\"20\" step=\"0.05\">\n      <\/div>\n      <div>\n        <label>Loan tenure (years)<\/label>\n        <input type=\"number\" id=\"pm_tenure\" value=\"20\" min=\"1\" max=\"30\" step=\"1\">\n      <\/div>\n    <\/div>\n\n    <div class=\"row2\">\n      <div>\n        <label>Property value (\u20b9) <span class=\"hint\">cap: \u20b935,00,000<\/span><\/label>\n        <input type=\"number\" id=\"pm_property\" value=\"2800000\" min=\"0\" step=\"50000\">\n      <\/div>\n      <div>\n        <label>Carpet area (sq. m) <span class=\"hint\">cap: 120 sq.m<\/span><\/label>\n        <input type=\"number\" id=\"pm_area\" value=\"60\" min=\"0\" step=\"1\">\n      <\/div>\n    <\/div>\n\n    <label>Do you or any family member already own a pucca house?<\/label>\n    <div class=\"toggle-group\">\n      <div class=\"toggle-btn on\" data-group=\"pm_owns\" data-val=\"no\">No<\/div>\n      <div class=\"toggle-btn\" data-group=\"pm_owns\" data-val=\"yes\">Yes<\/div>\n    <\/div>\n\n    <label>Availed a central government housing scheme benefit before?<\/label>\n    <div class=\"toggle-group\">\n      <div class=\"toggle-btn on\" data-group=\"pm_prior\" data-val=\"no\">No<\/div>\n      <div class=\"toggle-btn\" data-group=\"pm_prior\" data-val=\"yes\">Yes<\/div>\n    <\/div>\n\n    <label>Loan sanctioned &amp; disbursed on\/after 1 Sept 2024?<\/label>\n    <div class=\"toggle-group\">\n      <div class=\"toggle-btn on\" data-group=\"pm_date\" data-val=\"yes\">Yes<\/div>\n      <div class=\"toggle-btn\" data-group=\"pm_date\" data-val=\"no\">No<\/div>\n    <\/div>\n  <\/div>\n\n  <div>\n    <div class=\"ledger\" id=\"pm_ledger\"><\/div>\n    <div class=\"result-card\" id=\"pm_resultCard\">\n      <div class=\"result-label\">NPV of subsidy (reported max \u20b91.5L)<\/div>\n      <div class=\"result-value\" id=\"pm_result\">\u20b90<\/div>\n      <div class=\"result-note\" id=\"pm_resultNote\"><\/div>\n    <\/div>\n    <div class=\"warn-box\" id=\"pm_warnBox\">\n      <strong>Not eligible under PMAY-U 2.0 as entered:<\/strong>\n      <ul id=\"pm_warnList\"><\/ul>\n    <\/div>\n  <\/div>\n<\/div>\n\n<div class=\"footnote\">\n  Estimates only. The nominal \u20b91,80,000 subsidy is disbursed as 5 annual instalments of \u20b936,000 each, contingent on the loan staying active through all 5 years \u2014 foreclosing early forfeits unpaid instalments. The NPV figure uses the government&#8217;s 8.5% discount rate and is capped at the officially reported \u20b91,50,000 maximum; your bank&#8217;s exact sanctioned figure may differ and should be confirmed with your Primary Lending Institution (PLI). Category, carpet-area, and property-value caps reflect PMAY-U 2.0 (effective 1 September 2024) \u2014 verify current rules at <a href=\"https:\/\/pmaymis.gov.in\" target=\"_blank\" rel=\"noopener\">pmaymis.gov.in<\/a>.\n<\/div>\n<\/div>\n\n<script>\n(function(){\n  const fmt = n => '\u20b9' + Math.round(n).toLocaleString('en-IN');\n\n  function initToggle(group, onChange){\n    document.querySelectorAll(`.pmay-calc .toggle-btn[data-group=\"${group}\"]`).forEach(btn=>{\n      btn.addEventListener('click', ()=>{\n        document.querySelectorAll(`.pmay-calc .toggle-btn[data-group=\"${group}\"]`).forEach(b=>b.classList.remove('on'));\n        btn.classList.add('on');\n        onChange();\n      });\n    });\n  }\n  function getToggle(group){\n    const el = document.querySelector(`.pmay-calc .toggle-btn[data-group=\"${group}\"].on`);\n    return el ? el.dataset.val : null;\n  }\n\n  function emi(P, annualRatePct, years){\n    if(P<=0) return 0;\n    const r = annualRatePct\/12\/100;\n    const n = years*12;\n    if(r===0) return P\/n;\n    return P*r*Math.pow(1+r,n) \/ (Math.pow(1+r,n)-1);\n  }\n\n  function category(income){\n    if(income<=300000) return 'EWS';\n    if(income<=600000) return 'LIG';\n    if(income<=900000) return 'MIG';\n    return null; \/\/ not eligible on income\n  }\n\n  function renderLedger(rows){\n    document.getElementById('pm_ledger').innerHTML = rows.map(r=>{\n      const cls = r.total ? 'lrow total' : (r.sub ? 'lrow sub' : 'lrow');\n      return `<div class=\"${cls}\"><span>${r.label}<\/span><span class=\"amt\">${r.amt}<\/span><\/div>`;\n    }).join('');\n  }\n\n  function calc(){\n    const income = parseFloat(document.getElementById('pm_income').value)||0;\n    const loan = parseFloat(document.getElementById('pm_loan').value)||0;\n    const rate = parseFloat(document.getElementById('pm_rate').value)||0;\n    const tenure = parseFloat(document.getElementById('pm_tenure').value)||0;\n    const property = parseFloat(document.getElementById('pm_property').value)||0;\n    const area = parseFloat(document.getElementById('pm_area').value)||0;\n    const owns = getToggle('pm_owns')==='yes';\n    const prior = getToggle('pm_prior')==='yes';\n    const dateOk = getToggle('pm_date')==='yes';\n\n    const cat = category(income);\n    const reasons = [];\n    if(!cat) reasons.push('Annual household income exceeds the \u20b99,00,000 MIG ceiling.');\n    if(property>3500000) reasons.push('Property value exceeds the \u20b935,00,000 cap.');\n    if(area>120) reasons.push('Carpet area exceeds the 120 sq.m cap.');\n    if(loan>2500000) reasons.push('Loan amount exceeds the \u20b925,00,000 maximum considered under ISS.');\n    if(owns) reasons.push('An existing pucca house disqualifies the application.');\n    if(prior) reasons.push('A prior central housing scheme benefit disqualifies re-availing ISS on this property.');\n    if(!dateOk) reasons.push('Loan must be sanctioned & disbursed on\/after 1 September 2024 for PMAY-U 2.0.');\n\n    const eligible = reasons.length===0;\n\n    const subsidisedPortion = Math.min(loan, 800000);\n    const scale = subsidisedPortion>0 ? subsidisedPortion\/800000 : 0;\n    const instalmentYears = Math.min(tenure, 5);\n    const instalment = 36000;\n\n    let nominalSubsidy = 0, npvSubsidy = 0;\n    if(eligible){\n      nominalSubsidy = scale * instalment * instalmentYears;\n      const r = 0.085;\n      let npv = 0;\n      for(let i=0;i<instalmentYears;i++){\n        npv += instalment\/Math.pow(1+r,i); \/\/ annuity-due: instalments at start of each year\n      }\n      npvSubsidy = Math.min(scale*npv, 150000);\n      nominalSubsidy = Math.min(nominalSubsidy, 180000);\n    }\n\n    const emiWithout = emi(loan, rate, tenure);\n    const emiAfter = eligible ? emi(Math.max(0,loan-nominalSubsidy), rate, tenure) : emiWithout;\n\n    const rows = [\n      {label:'Income category', amt: cat || 'Not eligible (income)'},\n      {label:'Eligible loan portion for subsidy', amt: fmt(subsidisedPortion)},\n      {label:'Subsidy rate', amt:'4% p.a.'},\n      {label:'Nominal subsidy (5 \u00d7 \u20b936,000, scaled)', amt: fmt(nominalSubsidy), sub:true},\n      {label:'EMI without subsidy', amt: fmt(emiWithout)+'\/mo'},\n      {label:'EMI after full subsidy credit', amt: fmt(emiAfter)+'\/mo', total:true},\n    ];\n    renderLedger(rows);\n\n    document.getElementById('pm_result').textContent = fmt(npvSubsidy);\n    document.getElementById('pm_resultNote').textContent = eligible\n      ? `Nominal \u20b9${Math.round(nominalSubsidy).toLocaleString('en-IN')} credited over 5 years; NPV at 8.5% discount, capped at the reported \u20b91.5L ceiling.`\n      : 'Subsidy shown as \u20b90 \u2014 application does not meet ISS eligibility as entered.';\n    document.getElementById('pm_resultCard').classList.toggle('ineligible', !eligible);\n\n    const warnBox = document.getElementById('pm_warnBox');\n    if(reasons.length){\n      document.getElementById('pm_warnList').innerHTML = reasons.map(r=>`<li>${r}<\/li>`).join('');\n      warnBox.classList.add('show');\n    } else {\n      warnBox.classList.remove('show');\n    }\n  }\n\n  ['pm_income','pm_loan','pm_rate','pm_tenure','pm_property','pm_area'].forEach(id=>{\n    document.getElementById(id).addEventListener('input', calc);\n  });\n  initToggle('pm_owns', calc);\n  initToggle('pm_prior', calc);\n  initToggle('pm_date', calc);\n\n  calc();\n})();\n<\/script>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"791\" height=\"1024\" src=\"https:\/\/mybharatportal.com\/tools\/wp-content\/uploads\/2026\/10\/pm-awas-calculator-screenshot-791x1024.jpg\" alt=\"PM Awas subsidy calculator showing Rs. 1,50,000 NPV subsidy for LIG category\" class=\"wp-image-1929\" srcset=\"https:\/\/mybharatportal.com\/tools\/wp-content\/uploads\/2026\/10\/pm-awas-calculator-screenshot-791x1024.jpg 791w, https:\/\/mybharatportal.com\/tools\/wp-content\/uploads\/2026\/10\/pm-awas-calculator-screenshot-232x300.jpg 232w, https:\/\/mybharatportal.com\/tools\/wp-content\/uploads\/2026\/10\/pm-awas-calculator-screenshot-768x994.jpg 768w, https:\/\/mybharatportal.com\/tools\/wp-content\/uploads\/2026\/10\/pm-awas-calculator-screenshot.jpg 850w\" sizes=\"auto, (max-width: 791px) 100vw, 791px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">PM Awas Yojana Subsidy Calculator: Pradhan Mantri Awas Yojana (PMAY) is the Government of India&#8217;s flagship affordable housing mission, launched on 25 June 2015 with a single goal: make sure every Indian family that needs one can afford a pucca \u2014 a permanent, all-weather \u2014 house. The way it does this isn&#8217;t by handing out cash. It works by making your home loan cheaper through an interest subsidy, so the EMI you pay every month is lower than it would be on the open market. This <strong>PMAY subsidy calculator 2026<\/strong> is built to show you exactly how much that adds up to, before you even walk into a bank.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The scheme runs on two tracks: <strong>PMAY-Urban (PMAY-U)<\/strong> for city and town dwellers, and <strong>PMAY-Gramin (PMAY-G)<\/strong> for rural households. The Union Cabinet approved <strong>PMAY-U 2.0<\/strong> \u2014 the scheme&#8217;s second phase \u2014 in August 2024, and it became effective from <strong>1 September 2024<\/strong>. It targets <strong>1 crore additional urban homes<\/strong> between 2024 and 2029, backed by a total investment of <strong>\u20b910 lakh crore<\/strong>, including <strong>\u20b92.50 lakh crore in direct central government assistance<\/strong>. (<a href=\"https:\/\/pmaymis.gov.in\/PMAYMIS2_2024\/index.html\" target=\"_blank\" rel=\"noopener\">Source: pmaymis.gov.in<\/a>)<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Quick fact:<\/strong> Under PMAY-U 2.0&#8217;s Interest Subsidy Scheme (ISS), eligible beneficiaries receive up to \u20b91.80 lakh in nominal subsidy, credited directly into their home loan account in 5 yearly instalments \u2014 reducing your outstanding principal and, gradually, your EMI. (<a href=\"https:\/\/pmaymis.gov.in\/pmaymis2_2024\/interest-subsidy-scheme-ISS.html\" target=\"_blank\" rel=\"noopener\">Source: pmaymis.gov.in<\/a>)<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">How the PM Awas Yojana Subsidy Calculator Is Actually Calculated \u2014 And the One Number Most Calculators Get Wrong<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Here&#8217;s where most PMAY explainers online quietly simplify something they shouldn&#8217;t. The subsidy isn&#8217;t a flat cheque \u2014 it&#8217;s calculated on a <strong>Net Present Value (NPV)<\/strong> basis, at a government-fixed discount rate of <strong>8.5%<\/strong>, applied to the interest you&#8217;d save on your loan.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The actual mechanics:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Subsidy rate: <strong>4% per annum<\/strong><\/li>\n\n\n\n<li>Applied only on: the <strong>first \u20b98,00,000<\/strong> of your loan \u2014 regardless of how large your total loan is<\/li>\n\n\n\n<li>Maximum tenure considered for the calculation: <strong>12 years<\/strong><\/li>\n\n\n\n<li>Nominal total disbursed: <strong>\u20b91,80,000<\/strong>, paid as <strong>5 equal annual instalments of \u20b936,000<\/strong><\/li>\n\n\n\n<li><strong>Maximum NPV of the subsidy: reported at \u20b91,50,000<\/strong> for loan tenures beyond 5 years \u2014 a present-value ceiling distinct from the \u20b91.80 lakh nominal figure, as stated by major Primary Lending Institutions including ICICI Bank on their official PMAY-U 2.0 pages<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Why this distinction matters to you:<\/strong> \u20b91.80 lakh is what gets physically credited to your loan account over 5 years. The NPV figure is what that money is officially worth <em>today<\/em>, once discounted at 8.5% \u2014 because a rupee credited five years from now is worth less than a rupee credited today. Most calculators online show you only the \u20b91.80 lakh figure and call it &#8220;your subsidy.&#8221; Your bank&#8217;s official sanction letter may reference the NPV figure rather than the round \u20b91.80 lakh number advertised \u2014 if the two numbers on your paperwork don&#8217;t match what you expected, this is why. <strong>Always confirm the exact NPV cap applicable to your loan tenure directly with your PLI lender<\/strong>, since this is calculated per application, not a single fixed number for everyone.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Real talk:<\/strong> the subsidy doesn&#8217;t drop your EMI the moment you sign your loan. It&#8217;s credited in instalments, and your EMI adjusts gradually as each \u20b936,000 instalment reduces your outstanding principal \u2014 not in one lump sum on day one.<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">PMAY-U 2.0 Eligibility 2026 \u2014 Who Qualifies, Category by Category<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-theme-palette-3-color has-text-color has-background has-link-color has-border-color has-fixed-layout\" style=\"background-color:#ffeaea;border-color:#ee4444;border-width:1px\"><thead><tr><th>Category<\/th><th>Annual Household Income<\/th><th>Subsidy Rate<\/th><th>Eligible Loan Portion<\/th><th>Max Loan Amount<\/th><th>Max Property Value<\/th><\/tr><\/thead><tbody><tr><td><strong>EWS<\/strong> (Economically Weaker Section)<\/td><td>Up to \u20b93,00,000<\/td><td>4%<\/td><td>First \u20b98 lakh<\/td><td>\u20b925,00,000<\/td><td>\u20b935,00,000<\/td><\/tr><tr><td><strong>LIG<\/strong> (Low Income Group)<\/td><td>\u20b93,00,001 \u2013 \u20b96,00,000<\/td><td>4%<\/td><td>First \u20b98 lakh<\/td><td>\u20b925,00,000<\/td><td>\u20b935,00,000<\/td><\/tr><tr><td><strong>MIG<\/strong> (Middle Income Group)<\/td><td>\u20b96,00,001 \u2013 \u20b99,00,000<\/td><td>4%<\/td><td>First \u20b98 lakh<\/td><td>\u20b925,00,000<\/td><td>\u20b935,00,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"margin-top:20px;margin-bottom:20px\"><strong>Non-negotiable conditions that apply across every category:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Neither you nor any family member may already own a pucca house anywhere in India<\/li>\n\n\n\n<li>You must not have previously availed any Central Government housing scheme benefit<\/li>\n\n\n\n<li>The property must fall in a recognised urban area (per Census 2011 or a newly notified town)<\/li>\n\n\n\n<li><strong>Carpet area cannot exceed 120 square metres<\/strong> \u2014 this limit is uniform across EWS, LIG, and MIG under PMAY-U 2.0<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote has-theme-palette-3-color has-text-color has-background has-link-color wp-elements-c91d9d3bdac41411e0c3a82421e25a57 is-layout-flow wp-block-quote-is-layout-flow\" style=\"background-color:#dfffdf\">\n<p class=\"wp-block-paragraph\"><strong>A common mix-up worth clearing up:<\/strong> several PMAY articles online still quote carpet-area limits of 60\/160\/200 square metres split by category. That was the rule under the <strong>old PMAY 1.0 CLSS scheme<\/strong> (2015\u20132022), which had different limits and subsidy rates (6.5%\/4%\/3%) for EWS-LIG, MIG-I, and MIG-II separately. PMAY-U 2.0, launched in September 2024, replaced that structure entirely \u2014 under ISS, it&#8217;s a flat 120 sq. m for everyone. If you&#8217;re reading a guide that cites 200 sq. m for MIG, it&#8217;s describing the discontinued scheme, not the one currently active.<\/p>\n<\/blockquote>\n\n\n\n<ul style=\"border-color:#f76666;border-width:1px;border-top-left-radius:20px;border-top-right-radius:20px;border-bottom-left-radius:20px;border-bottom-right-radius:20px;background-color:#ffe8e8\" class=\"wp-block-list has-border-color has-theme-palette-3-color has-text-color has-background has-link-color wp-elements-8d7db3760a935f5b05897671977de20f\">\n<li>The home loan must be sanctioned and disbursed <strong>on or after 1 September 2024<\/strong> to qualify for ISS<\/li>\n\n\n\n<li>Subsidy applies only to purchase, re-purchase, or construction of a house \u2014 not to buying land alone<\/li>\n\n\n\n<li>If you transfer your loan to a different lender after claiming the subsidy once, you cannot claim it again on the same property<\/li>\n<\/ul>\n\n\n\n<p class=\"has-border-color has-theme-palette-3-color has-text-color has-background has-link-color wp-elements-c783944bce32dadc0a1c327e87654514 wp-block-paragraph\" style=\"border-color:#f06767;border-width:1px;border-top-left-radius:20px;border-top-right-radius:20px;border-bottom-left-radius:20px;border-bottom-right-radius:20px;background-color:#ffe8e8\"><strong>On income proof:<\/strong> you don&#8217;t need salary slips. PMAY-U 2.0 accepts a self-certificate or affidavit as income proof across all categories \u2014 a deliberate design choice that makes the scheme genuinely usable for informal-sector workers, daily wage earners, and small business owners who rarely have formal payslips.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">A Real Calculation \u2014 How Much Does Ravi Actually Save?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Numbers make more sense with a real case. Ravi, 32, is an LIG-category first-time homebuyer in Pune.<\/p>\n\n\n\n<figure style=\"margin-top:20px;margin-bottom:20px\" class=\"wp-block-table\"><table class=\"has-theme-palette-3-color has-text-color has-background has-link-color has-border-color has-fixed-layout\" style=\"background-color:#f2e6ff;border-color:#864ff3;border-width:1px\"><thead><tr><th>Parameter<\/th><th>Ravi&#8217;s Case<\/th><\/tr><\/thead><tbody><tr><td>Annual Household Income<\/td><td>\u20b95.4 Lakh<\/td><\/tr><tr><td>Category<\/td><td>LIG<\/td><\/tr><tr><td>Property Value<\/td><td>\u20b928 Lakh<\/td><\/tr><tr><td>Home Loan Taken<\/td><td>\u20b920 Lakh @ 8.75% for 20 years<\/td><\/tr><tr><td>Subsidised Portion of Loan<\/td><td>\u20b98 Lakh (the ISS cap, regardless of his \u20b920L total loan)<\/td><\/tr><tr><td>Subsidy Rate<\/td><td>4% per annum<\/td><\/tr><tr><td>Nominal Subsidy (5 \u00d7 \u20b936,000)<\/td><td>\u20b91,80,000<\/td><\/tr><tr><td>NPV of Subsidy (at 8.5% discount)<\/td><td>Up to \u20b91,50,000<\/td><\/tr><tr><td>EMI Without Subsidy<\/td><td>\u2248 \u20b917,595\/month<\/td><\/tr><tr><td>Effective EMI After Full Subsidy Credit<\/td><td>\u2248 \u20b916,150\/month<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Ravi&#8217;s \u20b91.80 lakh arrives as 5 annual instalments of \u20b936,000, each one reducing his outstanding principal. On his floating-rate loan, the bank recalculates his EMI downward after each credit \u2014 so the saving compounds gradually across 5 years, not instantly.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How to Apply for PMAY-U 2.0 \u2014 Three Routes<\/h2>\n\n\n\n<figure style=\"margin-top:20px;margin-bottom:20px\" class=\"wp-block-table\"><table class=\"has-theme-palette-3-color has-text-color has-background has-link-color has-border-color has-fixed-layout\" style=\"background-color:#ffefff;border-color:#e961e2;border-width:1px\"><thead><tr><th>Route<\/th><th>Process<\/th><th>Best Suited For<\/th><\/tr><\/thead><tbody><tr><td><strong>Through your lender (recommended)<\/strong><\/td><td>Apply for the home loan \u2192 your bank\/HFC registers you on the Unified Web Portal \u2192 subsidy is credited automatically<\/td><td>Most applicants \u2014 your lender handles the paperwork<\/td><\/tr><tr><td><strong>Directly via the PMAY portal<\/strong><\/td><td>Visit pmaymis.gov.in \u2192 &#8220;Apply for PMAY-U 2.0&#8221; \u2192 Aadhaar verification \u2192 fill the form \u2192 submit<\/td><td>Self-construction on your own land (Beneficiary Led Construction vertical)<\/td><\/tr><tr><td><strong>Via a Common Service Centre (CSC)<\/strong><\/td><td>Visit your nearest CSC \u2192 fill the physical form \u2192 pay the \u20b925 processing fee \u2192 submit<\/td><td>Applicants without internet access<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Documents you&#8217;ll need:<\/strong> Aadhaar card (mandatory), PAN card, income proof or self-affidavit, address proof, property documents, bank account details, and passport-size photographs.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote has-theme-palette-3-color has-text-color has-background has-link-color wp-elements-30f488a0d98803b7a85fa132f91fbc27 is-layout-flow wp-block-quote-is-layout-flow\" style=\"background-color:#eeffe9;padding-top:10px;padding-right:10px;padding-bottom:10px;padding-left:10px\">\n<p class=\"wp-block-paragraph\"><strong>Before you apply:<\/strong> confirm your bank is a registered <strong>Primary Lending Institution (PLI)<\/strong> with the National Housing Bank (NHB) or HUDCO. Not every bank processes ISS subsidies \u2014 SBI, HDFC, ICICI, LIC HFL, Bajaj Finserv, IDBI Bank, Aadhar Housing Finance, and IIFL Home Loans are among the active PLIs as of 2026.<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">Five Things That Trip Up Otherwise Eligible Applicants<\/h2>\n\n\n\n<ol style=\"border-color:#3ef3e7;border-width:1px;border-top-left-radius:20px;border-top-right-radius:20px;border-bottom-left-radius:20px;border-bottom-right-radius:20px;background-color:#e9f5fe\" class=\"wp-block-list has-border-color has-theme-palette-3-color has-text-color has-background has-link-color wp-elements-78c0fb33607fc370fc26111a22c092ed\">\n<li><strong>Don&#8217;t co-own any other property before applying<\/strong> \u2014 even a small agricultural plot that technically qualifies as pucca can disqualify your entire application.<\/li>\n\n\n\n<li><strong>Use a self-affidavit for income proof if you don&#8217;t have salary slips<\/strong> \u2014 this is by design, not a workaround, and it&#8217;s fully accepted across EWS, LIG, and MIG.<\/li>\n\n\n\n<li><strong>Keep the loan active through all 5 subsidy instalments<\/strong> \u2014 foreclosing early forfeits whatever instalments remain unpaid.<\/li>\n\n\n\n<li><strong>The subsidy itself isn&#8217;t taxable<\/strong> \u2014 the \u20b91.80 lakh (nominal) you receive is a government grant, not income, so it attracts no income tax.<\/li>\n\n\n\n<li><strong>Female ownership is mandatory, not optional, for EWS and LIG categories<\/strong> \u2014 the property must be registered in the name of the female head of household, or jointly. MIG applicants are exempt from this requirement.<\/li>\n<\/ol>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<h2 class=\"wp-block-heading\">Frequently Asked Questions<\/h2>\n\n\n<style>.kt-accordion-id664_9973bd-d1 .kt-accordion-inner-wrap{column-gap:var(--global-kb-gap-md, 2rem);row-gap:10px;}.kt-accordion-id664_9973bd-d1 .kt-accordion-panel-inner{border-top:0px solid transparent;border-right:0px solid transparent;border-bottom:0px solid transparent;border-left:0px solid transparent;background:#ffffff;padding-top:var(--global-kb-spacing-sm, 1.5rem);padding-right:var(--global-kb-spacing-sm, 1.5rem);padding-bottom:var(--global-kb-spacing-sm, 1.5rem);padding-left:var(--global-kb-spacing-sm, 1.5rem);}.kt-accordion-id664_9973bd-d1 > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header{border-top:1px solid #f2f2f2;border-right:1px solid #f2f2f2;border-bottom:1px solid #f2f2f2;border-left:1px solid #f2f2f2;border-top-left-radius:6px;border-top-right-radius:6px;border-bottom-right-radius:6px;border-bottom-left-radius:6px;background:#f2f2f2;color:#555555;padding-top:13px;padding-right:15px;padding-bottom:13px;padding-left:15px;}.kt-accordion-id664_9973bd-d1:not( .kt-accodion-icon-style-basiccircle ):not( .kt-accodion-icon-style-xclosecircle ):not( .kt-accodion-icon-style-arrowcircle )  > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap .kt-blocks-accordion-icon-trigger:after, .kt-accordion-id664_9973bd-d1:not( .kt-accodion-icon-style-basiccircle ):not( .kt-accodion-icon-style-xclosecircle ):not( .kt-accodion-icon-style-arrowcircle )  > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap .kt-blocks-accordion-icon-trigger:before{background:#555555;}.kt-accordion-id664_9973bd-d1:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-blocks-accordion-icon-trigger{background:#555555;}.kt-accordion-id664_9973bd-d1:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-blocks-accordion-icon-trigger:after, .kt-accordion-id664_9973bd-d1:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-blocks-accordion-icon-trigger:before{background:#f2f2f2;}.kt-accordion-id664_9973bd-d1 > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header:hover, \n\t\t\t\tbody:not(.hide-focus-outline) .kt-accordion-id664_9973bd-d1 .kt-blocks-accordion-header:focus-visible{color:#444444;background:#eeeeee;border-top:1px solid #878787;border-right:1px solid #878787;border-bottom:1px solid #878787;border-left:1px solid #878787;}.kt-accordion-id664_9973bd-d1:not( .kt-accodion-icon-style-basiccircle ):not( .kt-accodion-icon-style-xclosecircle ):not( .kt-accodion-icon-style-arrowcircle ) .kt-accordion-header-wrap .kt-blocks-accordion-header:hover .kt-blocks-accordion-icon-trigger:after, .kt-accordion-id664_9973bd-d1:not( .kt-accodion-icon-style-basiccircle ):not( .kt-accodion-icon-style-xclosecircle ):not( .kt-accodion-icon-style-arrowcircle ) .kt-accordion-header-wrap .kt-blocks-accordion-header:hover .kt-blocks-accordion-icon-trigger:before, body:not(.hide-focus-outline) .kt-accordion-id664_9973bd-d1:not( .kt-accodion-icon-style-basiccircle ):not( .kt-accodion-icon-style-xclosecircle ):not( .kt-accodion-icon-style-arrowcircle ) .kt-blocks-accordion--visible .kt-blocks-accordion-icon-trigger:after, body:not(.hide-focus-outline) .kt-accordion-id664_9973bd-d1:not( .kt-accodion-icon-style-basiccircle ):not( .kt-accodion-icon-style-xclosecircle ):not( .kt-accodion-icon-style-arrowcircle ) .kt-blocks-accordion-header:focus-visible .kt-blocks-accordion-icon-trigger:before{background:#444444;}.kt-accordion-id664_9973bd-d1:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-accordion-header-wrap .kt-blocks-accordion-header:hover .kt-blocks-accordion-icon-trigger, body:not(.hide-focus-outline) .kt-accordion-id664_9973bd-d1:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-accordion-header-wrap .kt-blocks-accordion-header:focus-visible .kt-blocks-accordion-icon-trigger{background:#444444;}.kt-accordion-id664_9973bd-d1:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-accordion-header-wrap .kt-blocks-accordion-header:hover .kt-blocks-accordion-icon-trigger:after, .kt-accordion-id664_9973bd-d1:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-accordion-header-wrap .kt-blocks-accordion-header:hover .kt-blocks-accordion-icon-trigger:before, body:not(.hide-focus-outline) .kt-accordion-id664_9973bd-d1:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-accordion-header-wrap .kt-blocks-accordion-header:focus-visible .kt-blocks-accordion-icon-trigger:after, body:not(.hide-focus-outline) .kt-accordion-id664_9973bd-d1:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-accordion-header-wrap .kt-blocks-accordion-header:focus-visible .kt-blocks-accordion-icon-trigger:before{background:#eeeeee;}.kt-accordion-id664_9973bd-d1 .kt-accordion-header-wrap .kt-blocks-accordion-header:focus-visible,\n\t\t\t\t.kt-accordion-id664_9973bd-d1 > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header.kt-accordion-panel-active{color:#ffffff;background:#BE530B;border-top:1px solid #BE530B;border-right:1px solid #BE530B;border-bottom:1px solid #BE530B;border-left:1px solid #BE530B;}.kt-accordion-id664_9973bd-d1:not( .kt-accodion-icon-style-basiccircle ):not( .kt-accodion-icon-style-xclosecircle ):not( .kt-accodion-icon-style-arrowcircle )  > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header.kt-accordion-panel-active .kt-blocks-accordion-icon-trigger:after, .kt-accordion-id664_9973bd-d1:not( .kt-accodion-icon-style-basiccircle ):not( .kt-accodion-icon-style-xclosecircle ):not( .kt-accodion-icon-style-arrowcircle )  > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header.kt-accordion-panel-active .kt-blocks-accordion-icon-trigger:before{background:#ffffff;}.kt-accordion-id664_9973bd-d1:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-blocks-accordion-header.kt-accordion-panel-active .kt-blocks-accordion-icon-trigger{background:#ffffff;}.kt-accordion-id664_9973bd-d1:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-blocks-accordion-header.kt-accordion-panel-active .kt-blocks-accordion-icon-trigger:after, .kt-accordion-id664_9973bd-d1:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-blocks-accordion-header.kt-accordion-panel-active .kt-blocks-accordion-icon-trigger:before{background:#BE530B;}@media all and (max-width: 1024px){.kt-accordion-id664_9973bd-d1 .kt-accordion-panel-inner{border-top:0px solid transparent;border-right:0px solid transparent;border-bottom:0px solid transparent;border-left:0px solid transparent;}}@media all and (max-width: 1024px){.kt-accordion-id664_9973bd-d1 > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header{border-top:1px solid #f2f2f2;border-right:1px solid #f2f2f2;border-bottom:1px solid #f2f2f2;border-left:1px solid #f2f2f2;}}@media all and (max-width: 1024px){.kt-accordion-id664_9973bd-d1 > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header:hover, \n\t\t\t\tbody:not(.hide-focus-outline) .kt-accordion-id664_9973bd-d1 .kt-blocks-accordion-header:focus-visible{border-top:1px solid #878787;border-right:1px solid #878787;border-bottom:1px solid #878787;border-left:1px solid #878787;}}@media all and (max-width: 1024px){.kt-accordion-id664_9973bd-d1 .kt-accordion-header-wrap .kt-blocks-accordion-header:focus-visible,\n\t\t\t\t.kt-accordion-id664_9973bd-d1 > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header.kt-accordion-panel-active{border-top:1px solid #BE530B;border-right:1px solid #BE530B;border-bottom:1px solid #BE530B;border-left:1px solid #BE530B;}}@media all and (max-width: 767px){.kt-accordion-id664_9973bd-d1 .kt-accordion-inner-wrap{display:block;}.kt-accordion-id664_9973bd-d1 .kt-accordion-inner-wrap .kt-accordion-pane:not(:first-child){margin-top:10px;}.kt-accordion-id664_9973bd-d1 .kt-accordion-panel-inner{border-top:0px solid transparent;border-right:0px solid transparent;border-bottom:0px solid transparent;border-left:0px solid transparent;}.kt-accordion-id664_9973bd-d1 > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header{border-top:1px solid #f2f2f2;border-right:1px solid #f2f2f2;border-bottom:1px solid #f2f2f2;border-left:1px solid #f2f2f2;}.kt-accordion-id664_9973bd-d1 > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header:hover, \n\t\t\t\tbody:not(.hide-focus-outline) .kt-accordion-id664_9973bd-d1 .kt-blocks-accordion-header:focus-visible{border-top:1px solid #878787;border-right:1px solid #878787;border-bottom:1px solid #878787;border-left:1px solid #878787;}.kt-accordion-id664_9973bd-d1 .kt-accordion-header-wrap .kt-blocks-accordion-header:focus-visible,\n\t\t\t\t.kt-accordion-id664_9973bd-d1 > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header.kt-accordion-panel-active{border-top:1px solid #BE530B;border-right:1px solid #BE530B;border-bottom:1px solid #BE530B;border-left:1px solid #BE530B;}}<\/style>\n<div class=\"wp-block-kadence-accordion alignnone\"><div class=\"kt-accordion-wrap kt-accordion-id664_9973bd-d1 kt-accordion-has-6-panes kt-active-pane-0 kt-accordion-block kt-pane-header-alignment-left kt-accodion-icon-style-basic kt-accodion-icon-side-right\" style=\"max-width:none\"><div class=\"kt-accordion-inner-wrap\" data-allow-multiple-open=\"false\" data-start-open=\"0\">\n<div class=\"wp-block-kadence-pane kt-accordion-pane kt-accordion-pane-1 kt-pane664_38e437-0d\"><div class=\"kt-accordion-header-wrap\"><button class=\"kt-blocks-accordion-header kt-acccordion-button-label-show\" type=\"button\"><span class=\"kt-blocks-accordion-title-wrap\"><span class=\"kt-blocks-accordion-title\">Q 1: <strong>What is the maximum PMAY-U 2.0 subsidy I can get in 2026?<\/strong> <\/span><\/span><span class=\"kt-blocks-accordion-icon-trigger\"><\/span><\/button><\/div><div class=\"kt-accordion-panel kt-accordion-panel-hidden\"><div class=\"kt-accordion-panel-inner\">\n<p class=\"wp-block-paragraph\">Up to \u20b91.80 lakh nominal, disbursed as 5 annual instalments of \u20b936,000 each. For loan tenures beyond 5 years, this is discounted to a Net Present Value at the government&#8217;s 8.5% discount rate \u2014 major lenders report this NPV cap at \u20b91.50 lakh, but confirm the exact figure applicable to your loan with your PLI bank.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-kadence-pane kt-accordion-pane kt-accordion-pane-2 kt-pane664_e476f2-7c\"><div class=\"kt-accordion-header-wrap\"><button class=\"kt-blocks-accordion-header kt-acccordion-button-label-show\" type=\"button\"><span class=\"kt-blocks-accordion-title-wrap\"><span class=\"kt-blocks-accordion-title\">Q 2: <strong>Is the PMAY subsidy the same as the actual amount my bank credits?<\/strong> <\/span><\/span><span class=\"kt-blocks-accordion-icon-trigger\"><\/span><\/button><\/div><div class=\"kt-accordion-panel kt-accordion-panel-hidden\"><div class=\"kt-accordion-panel-inner\">\n<p class=\"wp-block-paragraph\">Not necessarily. The calculator gives you an estimate based on standard assumptions. Your bank&#8217;s actual credited amount depends on your exact disbursement schedule, and staggered or multi-stage disbursements can shift the final NPV. Always confirm the exact figure with your lender before financial planning.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-kadence-pane kt-accordion-pane kt-accordion-pane-3 kt-pane664_fe7767-4b\"><div class=\"kt-accordion-header-wrap\"><button class=\"kt-blocks-accordion-header kt-acccordion-button-label-show\" type=\"button\"><span class=\"kt-blocks-accordion-title-wrap\"><span class=\"kt-blocks-accordion-title\">Q 3: <strong>What is the carpet area limit under PMAY-U 2.0?<\/strong> <\/span><\/span><span class=\"kt-blocks-accordion-icon-trigger\"><\/span><\/button><\/div><div class=\"kt-accordion-panel kt-accordion-panel-hidden\"><div class=\"kt-accordion-panel-inner\">\n<p class=\"wp-block-paragraph\">120 square metres, applied uniformly across EWS, LIG, and MIG categories. This replaced the older, category-differentiated limits (60\/160\/200 sq. m) used under the discontinued PMAY 1.0 CLSS scheme.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-kadence-pane kt-accordion-pane kt-accordion-pane-4 kt-pane664_c943b5-be\"><div class=\"kt-accordion-header-wrap\"><button class=\"kt-blocks-accordion-header kt-acccordion-button-label-show\" type=\"button\"><span class=\"kt-blocks-accordion-title-wrap\"><span class=\"kt-blocks-accordion-title\">Q 4: <strong>Can I get the PMAY subsidy without salary slips?<\/strong> <\/span><\/span><span class=\"kt-blocks-accordion-icon-trigger\"><\/span><\/button><\/div><div class=\"kt-accordion-panel kt-accordion-panel-hidden\"><div class=\"kt-accordion-panel-inner\">\n<p class=\"wp-block-paragraph\">Yes. A self-certificate or affidavit is accepted as income proof across all three income categories, making the scheme accessible to informal-sector and self-employed applicants.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-kadence-pane kt-accordion-pane kt-accordion-pane-5 kt-pane664_7e5371-f8\"><div class=\"kt-accordion-header-wrap\"><button class=\"kt-blocks-accordion-header kt-acccordion-button-label-show\" type=\"button\"><span class=\"kt-blocks-accordion-title-wrap\"><span class=\"kt-blocks-accordion-title\">Q 5: <strong>Is PMAY-U 2.0 subsidy available on loans taken before September 2024?<\/strong> <\/span><\/span><span class=\"kt-blocks-accordion-icon-trigger\"><\/span><\/button><\/div><div class=\"kt-accordion-panel kt-accordion-panel-hidden\"><div class=\"kt-accordion-panel-inner\">\n<p class=\"wp-block-paragraph\">No. Only home loans sanctioned and disbursed on or after 1 September 2024 qualify for the ISS vertical of PMAY-U 2.0.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-kadence-pane kt-accordion-pane kt-accordion-pane-6 kt-pane664_5e5279-2d\"><div class=\"kt-accordion-header-wrap\"><button class=\"kt-blocks-accordion-header kt-acccordion-button-label-show\" type=\"button\"><span class=\"kt-blocks-accordion-title-wrap\"><span class=\"kt-blocks-accordion-title\">Q 6: <strong>Do I need to be a first-time homebuyer to qualify?<\/strong> <\/span><\/span><span class=\"kt-blocks-accordion-icon-trigger\"><\/span><\/button><\/div><div class=\"kt-accordion-panel kt-accordion-panel-hidden\"><div class=\"kt-accordion-panel-inner\">\n<p class=\"wp-block-paragraph\">Yes. Neither you nor any family member can already own a pucca house anywhere in India, and the family must not have availed any Central Government housing scheme benefit previously.<\/p>\n<\/div><\/div><\/div>\n<\/div><\/div><\/div>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">A Note on Accuracy<\/h2>\n\n\n\n<p class=\"has-theme-palette-3-color has-text-color has-link-color wp-elements-e039b872b106e2bb4d7415aec10a08b1 wp-block-paragraph\">This guide is updated as of July 2026, cross-checked against the official PMAY-U portal (<a href=\"http:\/\/pmaymis.gov.in\/\" data-type=\"link\" data-id=\"http:\/\/pmaymis.gov.in\/\" target=\"_blank\" rel=\"noopener\">pmaymis.gov.in<\/a>), PIB press releases, and Ministry of Housing &amp; Urban Affairs (MoHUA) guidelines. Subsidy rules, NPV discount rates, and eligibility criteria are set by government notification and can change \u2014 always verify your specific eligibility (<a href=\"https:\/\/mybharatportal.com\/tools\/age-calculator\/\" data-type=\"link\" data-id=\"https:\/\/mybharatportal.com\/tools\/age-calculator\/\">Eligibility Calculator<\/a>) and subsidy figure directly with your PLI lender or on <a href=\"http:\/\/pmaymis.gov.in\/\" data-type=\"link\" data-id=\"http:\/\/pmaymis.gov.in\/\" target=\"_blank\" rel=\"noopener\">pmaymis.gov.in<\/a> before making a financial decision based on an estimated calculation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What Is PMAY \u2014 India&#8217;s Housing for All Scheme, Explained Properly Government Scheme &middot; PMAY-U 2.0 &middot; Interest Subsidy Scheme (ISS) PM Awas Yojana Subsidy Calculator Estimate your PMAY-U 2.0 interest subsidy, its NPV, and how much your EMI could drop \u2014 based on the 4% subsidy on the first \u20b98 lakh of your loan&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"hide","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"class_list":["post-664","page","type-page","status-publish","hentry"],"acf":[],"taxonomy_info":[],"featured_image_src_large":false,"author_info":{"display_name":"Sufyan","author_link":"https:\/\/mybharatportal.com\/tools\/author\/sufyan\/"},"comment_info":0,"_links":{"self":[{"href":"https:\/\/mybharatportal.com\/tools\/wp-json\/wp\/v2\/pages\/664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mybharatportal.com\/tools\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/mybharatportal.com\/tools\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/mybharatportal.com\/tools\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mybharatportal.com\/tools\/wp-json\/wp\/v2\/comments?post=664"}],"version-history":[{"count":4,"href":"https:\/\/mybharatportal.com\/tools\/wp-json\/wp\/v2\/pages\/664\/revisions"}],"predecessor-version":[{"id":1947,"href":"https:\/\/mybharatportal.com\/tools\/wp-json\/wp\/v2\/pages\/664\/revisions\/1947"}],"wp:attachment":[{"href":"https:\/\/mybharatportal.com\/tools\/wp-json\/wp\/v2\/media?parent=664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}