PMAY Subsidy Calculator
Calculate PMAY Credit Linked Subsidy Scheme (CLSS) benefit for EWS, LIG, MIG-I and MIG-II categories. Find your subsidy amount, reduced EMI, and net loan cost.
PMAY Credit Linked Subsidy Calculator
Credit Linked Subsidy Scheme — subsidy amount and reduced EMI
PMAY CLSS subsidy credited upfront to loan account. Eligibility requires first-time home ownership and income within prescribed limits. Verify with your bank.
PMAY CLSS subsidy is credited upfront to your loan account — reducing your principal immediately. An MIG-I borrower gets a subsidy of up to Rs 2.35 lakh on Rs 9 lakh of eligible loan at 4% for 20 years. This reduces EMI by approximately Rs 2,100/month from day one. The subsidy is not taxable as income. Always check eligibility before finalising your home loan.
PMAY Credit Linked Subsidy Scheme (CLSS) — How It Works
Under PMAY's Credit Linked Subsidy Scheme, eligible home loan borrowers receive an interest subsidy on a defined portion of their loan. The subsidy is calculated as the Net Present Value (NPV) of the interest differential at a 9% discount rate, and is directly credited to the loan account. This reduces both the outstanding principal and the monthly EMI from the very first payment.