Updated for 2026 (PMAY 2.0 Phase)
This page reflects the current PM Awas Yojana 2.0 scheme (2024–2029). Key changes from earlier phases: the MIG Credit Linked Subsidy Scheme (CLSS) has been discontinued. The scheme now focuses on EWS and LIG beneficiaries. Subsidy amount updated to up to ₹1.80 lakh for eligible buyers.
What is PM Awas Yojana?
Pradhan Mantri Awas Yojana (PMAY) — Urban is a flagship government scheme launched by the Ministry of Housing and Urban Affairs to ensure affordable housing for all urban citizens. Under this scheme, eligible home loan borrowers in the Economically Weaker Section (EWS) and Lower Income Group (LIG) receive a Credit Linked Subsidy (CLSS) — a direct interest subsidy credited to their loan account upfront, significantly reducing their EMI and total loan cost.
Under the 2026 scheme, if you are buying your first home and your annual household income qualifies, you may be eligible for a subsidy of up to ₹1.80 lakh — credited directly to your home loan by the bank.
Who is Eligible?
The 2026 scheme covers eligible income categories for urban areas:
| Category | Annual Household Income | Subsidy Rate | Max Loan for Subsidy | Max Benefit (2026) |
|---|---|---|---|---|
| EWS | Up to ₹3 Lakh | 4% | ₹9 Lakh | ~₹1.80 Lakh |
| LIG | ₹3 – ₹6 Lakh | 4% | ₹9 Lakh | ~₹1.80 Lakh |
| MIG-I | ₹6 – ₹12 Lakh | — | — | CLSS Discontinued |
| MIG-II | ₹12 – ₹18 Lakh | — | — | CLSS Discontinued |
* MIG-I and MIG-II CLSS benefits were discontinued as of March 2021 and have not been reinstated under the 2024–2029 phase. Please verify current scheme status with your bank or on the official PMAY portal.
Core Eligibility Conditions
- The applicant or any family member must NOT own a pucca (permanent) house anywhere in India.
- The property must be in an urban area (Statutory Town / Notified Planning Area).
- The woman of the household should be a co-owner (mandatory for EWS/LIG categories).
- The home loan must be taken from a bank, housing finance company, or MFI recognized by NHB or HUDCO.
- Aadhaar card is mandatory for the application.
- Annual household income must not exceed ₹6 lakh to be eligible under the current 2026 scheme.
Documents Required for PMAY
Identity & Address
- Aadhaar Card
- PAN Card
- Passport / Voter ID / Driving License
- Ration Card (if applicable)
Income Proof
- Salary slips (last 3 months)
- Form 16 / IT Returns
- Bank statements (6 months)
- Employment certificate
Property Documents
- Sale agreement / Allotment letter
- Builder NOC / Possession letter
- RERA registration number
- Approved building plan copy
Bank Documents
- Home loan sanction letter
- Property valuation report
- Title / ownership documents
- Encumbrance certificate
Frequently Asked Questions
Can I apply for PMAY if I already have a home loan?+
Does the property price affect PMAY eligibility in 2026?+
How long does it take to receive the subsidy?+
Can Riddhi Siddhi Properties help me apply for PMAY?+
Where can I check the official PMAY scheme details?+
Check Your PMAY 2026 Eligibility
Talk to Keval Gala for a free eligibility check and step-by-step guidance on claiming your subsidy under the current 2026 scheme.
+91 96194 22555