PMAY Subsidy (MIG/LIG/EWS)

Calculate PMAY-U credit linked subsidy for LIG, MIG-I, and MIG-II categories. Find subsidy amount, reduced EMI, and net loan cost under Pradhan Mantri Awas Yojana Urban.

PMAY Urban Subsidy Calculator (LIG & MIG)

LIG/MIG credit linked subsidy — reduced EMI and net loan cost under PMAY

Income category

Home loan amount Rs 30L

Rs 5LRs 2Cr

Bank loan rate 8.5%

6%15%

Loan tenure 20 years

5 yr30 yr

yrs

Breakdown

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Scheme details based on current government rules. Always verify latest eligibility and benefits at official portals before applying.

Visual comparison

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The PMAY CLSS (Credit Linked Subsidy Scheme) component effectively reduces your home loan EMI from day one. An MIG-I beneficiary gets a subsidy NPV of Rs 2.35 lakh credited to the loan account — reducing EMI by Rs 2,000–2,500/month permanently. Over 20 years, this saves Rs 5–6 lakh in total EMI payments. Check current scheme status at pmaymis.gov.in as tranches open periodically.

Frequently asked questions

What is the PMAY subsidy for MIG-I category?▼

MIG-I (annual household income Rs 6–12 lakh): 4% interest subsidy on home loan up to Rs 9 lakh for maximum 20 years. NPV of subsidy = approximately Rs 2.35 lakh. Carpet area limit: 160 sq metres. The subsidy is credited upfront to the loan account, reducing the principal and hence EMI from the start.

What is the carpet area limit under PMAY for MIG?▼

MIG-I: maximum carpet area 160 sq metres (approximately 1,722 sq ft). MIG-II: maximum carpet area 200 sq metres (approximately 2,152 sq ft). EWS: 30 sq metres. LIG: 60 sq metres. Properties larger than the prescribed carpet area are not eligible for CLSS subsidy under that category.

Is PMAY available for purchase of resale property?▼

PMAY CLSS subsidy is available for new construction, purchase of new ready-to-move property, or construction on self-owned land. Generally, purchase of existing resale properties (secondary market) does not qualify for CLSS subsidy. The beneficiary must not own a pucca house anywhere in India.

PMAY Subsidy (MIG/LIG/EWS)

PMAY Urban Subsidy Calculator (LIG & MIG)

PMAY Urban Subsidy Calculator (LIG & MIG)

Frequently asked questions

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