Finance · Free tool
PMAY Eligibility Checker
PMAY (Urban) gives interest subsidy of up to ₹2.67 lakh on home loans. EWS (≤ ₹3L income) and LIG (≤ ₹6L) are currently active; MIG schemes closed for new applications since 2022.
Eligible. Women co-owner gives priority. Subsidy up to ₹2.67L on home loan interest.
FAQ
How is the subsidy paid?
Bank credits the subsidy upfront to your loan account, reducing your principal. Your EMI then drops slightly. NHB/HUDCO routes the subsidy from govt within 3-4 months of loan disbursement.
I had a house earlier and sold it — am I eligible?
PMAY excludes families that currently own a pucca house. Past ownership doesn't disqualify if you don't own one now. Bank verifies via affidavit + revenue records.
Can both husband and wife claim PMAY separately?
No. Family is treated as a single beneficiary unit (husband + wife + unmarried children). Only one PMAY benefit per family.