PMAY Subsidy Calculator 2026
The Pradhan Mantri Awas Yojana (PMAY) provides financial assistance for affordable housing. PMAY-Urban 2.0 (launched Sept 2024) focuses on interest subsidies for the middle class, while PMAY-Gramin provides direct assistance for rural homes. This tool evaluates your eligibility based on the latest 2024-2029 guidelines.
Understanding PMAY 2.0 and Gramin Norms
The PMAY framework was significantly revamped in late 2024 to address changing economic needs.
1. PMAY-Urban 2.0 (The Interest Subsidy)
For Urban areas, the primary benefit is the Interest Subsidy Scheme (ISS), replacing the older CLSS. It targets EWS, LIG, and MIG families with annual incomes up to ₹9 Lakh. Under this, an interest subsidy of 4% per annum is provided on the first ₹8 Lakh of the loan for a tenure of up to 12 years. Note: The house carpet area must not exceed 120 sq. m., and strict value caps (₹35L house / ₹25L loan) apply.
2. PMAY-Gramin (Direct Assistance)
PMAY-G provides direct cash assistance for construction. Beneficiaries receive ₹1.2 Lakh in plain areas and ₹1.3 Lakh in hilly/difficult areas. Eligibility is primarily determined by exclusion criteria, including a monthly income cap of ₹15,000.
3. Critical Exclusions
- Owning a motorized four-wheeler or mechanized agricultural equipment (Rural).
- Any family member being a government employee (Rural).
- Ownership of a pucca house by any family member anywhere in India.
Frequently Asked Questions
Can I apply for PMAY if I am buying a flat in Bengaluru?
Yes. Under PMAY-Urban 2.0, if your annual household income is up to ₹9 Lakh and it's your first pucca house, you may be eligible for the interest subsidy on your home loan.
What is the maximum subsidy amount for Urban areas?
The maximum benefit under the Interest Subsidy Scheme (ISS) for PMAY-U 2.0 is approximately ₹1.80 Lakh (NPV).
Is ownership of a two-wheeler an exclusion link in Rural?
No. Under the revised 2024 guidelines, ownership of a motorized two-wheeler or a fishing boat is no longer a criterion for exclusion from PMAY-Gramin.
Does 'Family' include married brothers?
No. For PMAY purposes, a family typically consists of a husband, wife, and unmarried children. An earning adult potential beneficiary may be treated as a separate household.
Are there strict limits on the house value?
Yes. For PMAY-Urban 2.0, the house value must not exceed ₹35 Lakh and the loan amount must be under ₹25 Lakh. Exceeding these limits by even a small amount (cliff edge) makes you ineligible for the entire subsidy.
Recommended Eligibility Tools
Educational Reference: This tool provides an indicative eligibility assessment based on PMAY-U 2.0 and PMAY-G (2024-2029) operational guidelines. It does not constitute a sanction or guarantee of subsidy. Final eligibility is determined solely by the ULB, Gram Sabha, or the Primary Lending Institution (PLI) after physical verification and document audit.