What is PMAY CLSS subsidy?

PMAY Credit Linked Subsidy Scheme (CLSS) provides an interest subsidy on home loans for first-time homebuyers. The subsidy ranges from 3% to 6.5% depending on your income group, and is credited upfront to your loan account, reducing your effective loan amount and EMI.

Who is eligible for PMAY 2.0?

Families with annual household income up to ₹18 Lakh who do not own a pucca house anywhere in India. The scheme covers four groups: EWS (up to ₹3L), LIG (₹3-6L), MIG-I (₹6-12L), and MIG-II (₹12-18L), each with different subsidy rates and loan caps.

How much subsidy can I get under PMAY?

EWS/LIG gets 6.5% subsidy on max ₹6L loan (saves ~₹2.67L). MIG-I gets 4% on max ₹9L loan (saves ~₹2.35L). MIG-II gets 3% on max ₹12L loan (saves ~₹2.30L). The subsidy is calculated as NPV of the interest difference over 20 years.

Can I apply for PMAY if I already have a home loan?

Yes, you can apply for PMAY subsidy even on an existing home loan, as long as you meet the eligibility criteria and the loan was sanctioned during the scheme period. The subsidy will be credited to your loan account, reducing the outstanding principal.

How to apply for PMAY subsidy in Bangalore?

Apply through any PMAY-registered lending institution (banks, HFCs). Submit your loan application along with PMAY CLSS application form, income proof, Aadhaar, and a self-declaration of not owning a pucca house. The bank processes the subsidy through the Central Nodal Agency.

PMAY Subsidy Calculator

PMAY 2.0 . CLSS . 2026

Check your PMAY eligibility and save lakhs on your home loan.

Calculate your PMAY CLSS interest subsidy, see reduced EMI, and understand how much you save over the loan tenure.

EWS / LIG / MIGSubsidy RateEMI SavingsEligibility CheckCLSSXLS ReportEWS / LIG / MIGSubsidy RateEMI SavingsEligibility CheckCLSSXLS Report

Scope - PMAY Urban 2.0 | All Income Groups

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Your Details

Annual Income

₹

Eligible: MIG-I (₹6-12 Lakh)

Property Value

₹

Loan Amount

₹

Interest Rate

Loan Tenure

Yrs

Eligible - MIG-I (₹6-12 Lakh)

PMAY Subsidy Amount

₹59,40,787

at 4% on max ₹9L loan

Subsidy Benefit

Effective Loan

EMI Without

₹26,035

EMI With PMAY

-₹25,521

Monthly Saving₹51,556

Total Savings₹1,23,73,327

PMAY Subsidy Rates Across Income Groups

Your income group is highlighted

What is PMAY (Pradhan Mantri Awas Yojana)?

PMAY is a government scheme to provide affordable housing to all Indian citizens. Under the Credit Linked Subsidy Scheme (CLSS), eligible homebuyers get an interest subsidy on their home loan. The subsidy is calculated on a specific loan amount for a maximum of 20 years and credited upfront to your loan account, reducing your effective loan amount and EMI.

PMAY 2.0 Eligibility Criteria (2026)

EWS/LIG: Annual income up to ₹6 Lakh, subsidy 6.5% on max ₹6 Lakh loan, carpet area up to 60 sqm
MIG-I: Annual income ₹6-12 Lakh, subsidy 4% on max ₹9 Lakh loan, carpet area up to 160 sqm
MIG-II: Annual income ₹12-18 Lakh, subsidy 3% on max ₹12 Lakh loan, carpet area up to 200 sqm
Beneficiary family should not own a pucca house anywhere in India
The house must be the first pucca house of the beneficiary family

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Check your PMAY eligibility and save lakhs on your home loan.

What is PMAY (Pradhan Mantri Awas Yojana)?

PMAY 2.0 Eligibility Criteria (2026)

FrequentlyAsked Questions

What is PMAY CLSS subsidy?

Who is eligible for PMAY 2.0?

How much subsidy can I get under PMAY?

Can I apply for PMAY if I already have a home loan?

How to apply for PMAY subsidy in Bangalore?

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Frequently
Asked Questions