{"id":341,"date":"2023-07-25T12:31:31","date_gmt":"2023-07-25T12:31:31","guid":{"rendered":"https:\/\/dev.basichomeloan.com\/blog\/?p=341"},"modified":"2026-02-26T12:40:23","modified_gmt":"2026-02-26T12:40:23","slug":"home-loan-subsidy","status":"publish","type":"post","link":"https:\/\/www.basichomeloan.com\/blog\/home-loans\/home-loan-subsidy","title":{"rendered":"Home Loan Subsidy by Government in 2026 &#8211; Eligibility and Rules"},"content":{"rendered":"<p><strong>Table of Contents<\/strong><\/p>\r\n<ul>\r\n<li><strong><a href=\"#1\">Credit-Linked Subsidy Scheme Helpline Number<\/a><\/strong><\/li>\r\n<li><strong><a href=\"#2\">PMAY Home Loan Subsidy 2026 Categorization<\/a><\/strong><\/li>\r\n<li><strong><a href=\"#3\">PMAY Home Loan Subsidy<\/a><\/strong><\/li>\r\n<li><strong><a href=\"#4\">Pradhan Mantri Awas Yojana(PMAY) 2026<\/a><\/strong><\/li>\r\n<li><strong><a href=\"#5\">Home Loan Subsidy Eligibility Criteria<\/a><\/strong><\/li>\r\n<li><strong><a href=\"#6\">Who Can Apply for a Home Loan Subsidy Under PMAY?<\/a><\/strong><\/li>\r\n<li><strong><a href=\"#7\">Application Process for Home Loan Subsidy<\/a><\/strong><\/li>\r\n<li><strong><a href=\"#8\">How to Apply for a Home Loan Subsidy<\/a><\/strong><\/li>\r\n<li><strong><a href=\"#9\">Documents Needed &amp; Subsidy Disbursement Timeline<\/a><\/strong><\/li>\r\n<li><strong><a href=\"#10\">Why Opt for a Home Loan Subsidy under PMAY?<\/a><\/strong><\/li>\r\n<li><strong><a href=\"#11\">What is the Credit-Linked Subsidy Scheme (CLSS)?<\/a><\/strong><\/li>\r\n<li><strong><a href=\"#12\">PMAY-CLSS Scheme<\/a><\/strong><\/li>\r\n<li><strong><a href=\"#13\">PMAY Subsidy Calculator<\/a><\/strong><\/li>\r\n<li><strong><a href=\"#14\">How Do I Check the Status of the PMAY Subsidy?<\/a><\/strong><\/li>\r\n<li><strong><a href=\"#15\">CLSS Revival for MIG Homebuyers<\/a><\/strong><\/li>\r\n<li><strong><a href=\"#16\">PMAY\u2011CLSS Explained: Eligibility, Subsidy &amp; Loan Cap<\/a><\/strong><\/li>\r\n<li><strong><a href=\"#17\">How to Apply for PMAY CLAP Home Loan Subsidy Online<\/a><\/strong><\/li>\r\n<li><strong><a href=\"#18\">State-Wise Portals &amp; Supplementary Schemes<\/a><\/strong><\/li>\r\n<li><strong><a href=\"#19\">Sample Saving Scenarios: EWS vs. MIG-I Savings Over 20 Years<\/a><\/strong><\/li>\r\n<li><strong><a href=\"#20\">10 Banks Offering Govt Subsidy on Home Loan by the Government in 2026<\/a><\/strong><\/li>\r\n<\/ul>\r\n<h2><strong><span id=\"1\">Credit-Linked Subsidy Scheme Helpline Number<\/span><\/strong><\/h2>\r\n<p>For assistance or inquiries about the Credit-Linked Subsidy Scheme under PMAY, beneficiaries and applicants can contact the helpline number provided by the Ministry of Housing and Urban Poverty Alleviation.<\/p>\r\n<div dir=\"ltr\" align=\"left\">\r\n<table style=\"border-collapse: collapse; border-width: initial;\" border=\"1\"><colgroup> <col width=\"285\" \/> <col width=\"285\" \/><\/colgroup>\r\n<tbody>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\">NHB<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\">1800-11-3377, 1800-11-3388<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\">HUDCO<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\">1800-11-6163<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>SBI<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\">1800-11-2018<\/p>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<p>&nbsp;<\/p>\r\n<\/div>\r\n<h2><strong><span id=\"2\">PMAY Home Loan Subsidy 2026 Categorisation<\/span><\/strong><\/h2>\r\n<h2>\u00a0<\/h2>\r\n<div dir=\"ltr\" align=\"left\">\r\n<table style=\"border-collapse: collapse; border-width: initial;\" border=\"1\"><colgroup> <col width=\"199\" \/> <col width=\"199\" \/> <col width=\"199\" \/><\/colgroup>\r\n<tbody>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\"><strong>Category<\/strong><\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p><strong>Interest Subsidy<\/strong><\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\"><strong>Maximum Loan for Subsidy<\/strong><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\">MIG II<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>3.00% p.a.<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>\u20b912 lakh<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>MIG I<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>4.00% p.a.<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\">\u20b99 lakh<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\">LIG<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>6.50% p.a.<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\">\u20b96 lakh<\/p>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<h3 dir=\"ltr\">\u00a0<\/h3>\r\n<h3 dir=\"ltr\"><strong>MIG II<\/strong><\/h3>\r\n<p>Under the MIG II category, an individual can avail of a housing loan subsidy on a maximum loan amount of \u20b912 lakh, with the subsidy inteOwning a home is now within reach for many Indian families, thanks to the <a href=\"https:\/\/www.basichomeloan.com\/blog\/home-loans\/benefits-of-pradhan-mantri-awas-yojana\">Pradhan Mantri Awas Yojana<\/a> (PMAY). As of 2026, more than 1.5 crore households have benefited from government-backed home loan subsidies. The updated PM Awas Yojana Urban 2.0 scheme provides eligible applicants with a subsidy of up to \u20b92.67 lakh, and the 2.67 lakh subsidy on home loan last date to apply is 31 December 2026. With these initiatives, affordable<a href=\"https:\/\/www.basichomeloan.com\/home-loans\"> home loans<\/a> are helping families finally secure their dream homes, making housing more accessible than ever.<\/p>\r\n<h2><strong><span id=\"3\">PMAY Home Loan Subsidy<\/span><\/strong><\/h2>\r\n<p>The Pradhan Mantri Awas Yojana (PMAY), also known as \u092a\u094d\u0930\u0927\u093e\u0928\u092e\u0902\u0924\u094d\u0930\u0940 \u0917\u094d\u0930\u093e\u092e\u0940\u0923 \u0906\u0935\u093e\u0938 \u092f\u094b\u091c\u0928\u093e, offers a subsidy on home loans by the government 2026 to make affordable housing accessible across different economic sections of society. This initiative is part of the government\u2019s broader effort to achieve \u201cHousing for All by 2022.\u201d Under the scheme, eligible applicants receive an interest subsidy on housing loans for the acquisition or construction of houses.\u00a0<\/p>\r\n<p>The program aims to provide housing for everyone by facilitating affordable loans for weaker sections through the Credit-Linked Subsidy Scheme (CLSS). The subsidy varies based on the applicant\u2019s income category and can substantially reduce the cost of borrowing by directly lowering the principal amount, which in turn reduces the EMI.<\/p>\r\n<h2><strong><span id=\"4\">Pradhan Mantri Awas Yojana(PMAY) 2025<\/span><\/strong><\/h2>\r\n<p>&nbsp;<\/p>\r\n<div dir=\"ltr\" align=\"left\">\r\n<table style=\"border-collapse: collapse; border-width: initial;\" border=\"1\"><colgroup> <col width=\"312\" \/> <col width=\"312\" \/><\/colgroup>\r\n<tbody>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\"><strong>Pradhan Mantri Awas Yojana (PMAY) Scheme 2025<\/strong><\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\"><strong>Details<\/strong><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\">Scheme Name<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>Pradhan Mantri Awas Yojana (PMAY)<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>Started Year<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\">2016<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\">Extended Year<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>2024<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>Benefits<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\">Two-room pakka residence<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\">Last Date To Apply<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\">31 December 2025<\/p>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<p><br \/><strong>Suggested read: <a href=\"https:\/\/www.basichomeloan.com\/blog\/home-loans\/pradhan-mantri-awas-yojana-online-application-form\">PMAY Online Application Form<\/a><\/strong><\/p>\r\n<p>Here\u2019s the information regarding the Pradhan Mantri Awas Yojana (PMAY) 2025, organised into a tabular format for a quick view:<\/p>\r\n<p>&nbsp;<\/p>\r\n<div dir=\"ltr\" align=\"left\">\r\n<table style=\"border-collapse: collapse; border-width: initial;\" border=\"1\"><colgroup> <col width=\"156\" \/> <col width=\"156\" \/> <col width=\"156\" \/> <col width=\"156\" \/><\/colgroup>\r\n<tbody>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\"><strong>Component<\/strong><\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p><strong>Description<\/strong><\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p><strong>Target Group<\/strong><\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\"><strong>Key Documents Required<\/strong><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\">PMAY-G (Gramin)<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>Financial assistance for constructing homes in rural areas.<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>Residents of rural areas<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\">Aadhar card, Job card, Income certificate<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\">PMAY-U (Urban)<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>Provides housing via interest subsidies in urban areas.<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>City dwellers, especially the economically weaker sections<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\">Aadhar card, Income certificate, Voter ID<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\">CLSS<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>Subsidies on home loan interest rates for lower-income groups.<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>Economically Weaker Section (EWS), Low and Middle Income Groups<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\">Aadhar card, Income certificate, Voter ID<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\">ARHCs<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>Offers subsidized rental housing for the urban poor and migrants in cities and towns.<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>Urban poor, migrants<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\">Aadhar card, Income certificate, Ration card<\/p>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<h2><br \/><strong><span id=\"5\">Home Loan Subsidy Eligibility Criteria<\/span><\/strong><\/h2>\r\n<p>To understand who is eligible for the 2.67 lakh subsidy, please refer to the table below outlining the income categories and eligibility criteria under PMAY.<\/p>\r\n<p>&nbsp;<\/p>\r\n<div dir=\"ltr\" align=\"left\">\r\n<table style=\"border-collapse: collapse; border-width: initial;\" border=\"1\"><colgroup> <col width=\"285\" \/> <col width=\"285\" \/><\/colgroup>\r\n<tbody>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\"><strong>Beneficiary<\/strong><\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\"><strong>Annual Income<\/strong><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\">Middle Income Group II (MIG II)<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>\u20b912 lakh to \u20b918 lakh<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>Middle Income Group I (MIG I)<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\">\u20b96 lakh to \u20b912 lakh<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\">Lower Income Group (LIG)<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>\u20b93 lakh to \u20b96 lakh<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>Economically Weaker Section (EWS)<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\">Up to \u20b93 lakh<\/p>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<p>&nbsp;<\/p>\r\n<p>In addition to the income-based categories listed above, the following applicants are also eligible under the PMAY scheme:<\/p>\r\n<ol>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">Individuals belonging to the ST, SC, and OBC communities.<\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">Women applicants under the LIG and EWS income groups can avail of a home loan subsidy in their name.<\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">Applicants who wish to determine eligibility quickly can use a home loan eligibility calculator for the PMAY scheme.<\/p>\r\n<\/li>\r\n<\/ol>\r\n<h2><strong><span id=\"6\">Who Can Apply for a Home Loan Subsidy Under PMAY?<\/span><\/strong><\/h2>\r\n<p>The eligibility criteria for the PMAY CLSS subsidy are fairly straightforward:<\/p>\r\n<ol>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">The beneficiary family should not own a pucca house in any part of India.<\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">The family must not have availed of any central\/state assistance under any housing scheme from the Government of India.<\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">The house to be purchased\/constructed should be in the name of the female head of the household or the joint name of the male head of the household and his wife. Only in cases where there is no adult female member in the family, the property is in the name of the male member.<\/p>\r\n<\/li>\r\n<\/ol>\r\n<h2><span id=\"7\">Application Process for Home Loan Subsidy<\/span><\/h2>\r\n<ol>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">Visit Official Website: Depending on your area (urban or rural), visit pmaymis.gov.in or pmayg.nic.in.<\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">Select Category and Scheme: Choose the applicable category<\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">Enter Details: Provide all necessary personal and income details.<\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">Upload Documents: Submit all required documents as listed above.<\/p>\r\n<\/li>\r\n<\/ol>\r\n<h2><strong><span id=\"8\">How to Apply for a Home Loan Subsidy<\/span><\/strong><\/h2>\r\n<p>To avail the benefits of a home loan subsidy, applicants can opt for the PMAY apply online procedure through the official portals for urban or rural schemes.<\/p>\r\n<ol>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">Website for Urban Applicants: <a rel=\"nofollow noopener noreferrer\" href=\"https:\/\/pmaymis.gov.in\/\">PMAY Urban Official Site<\/a><\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">Website for Rural Applicants: <a rel=\"nofollow noopener noreferrer\" href=\"https:\/\/pmayg.nic.in\/\">PMAY Gramin Official Site<\/a><\/p>\r\n<\/li>\r\n<\/ol>\r\n<p><strong>Suggested read: <a href=\"https:\/\/www.basichomeloan.com\/blog\/home-loans\/benefits-of-pradhan-mantri-awas-yojana\">Pradhan Mantri Awas Yojana Benefits<\/a><\/strong><\/p>\r\n<h2><strong><span id=\"9\">Documents Needed &amp; Subsidy Disbursement Timeline<\/span><\/strong><\/h2>\r\n<p>Typical requirements include:<\/p>\r\n<ol>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">Identity and address proofs (Aadhaar, PAN, etc.)<\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">Income proof (salary slips, tax returns)<\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">Property documents (sale agreement, title documents)<\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">Loan sanction letter &amp; declaration of no prior pucca house ownership<\/p>\r\n<\/li>\r\n<\/ol>\r\n<p>Subsidy is credited after all stages\u2014verification, claim submission, approval, and transfer\u2014are completed. It may take 3 to 6 months from the date of loan disbursement.<\/p>\r\n<h2><strong><span id=\"10\">Why Opt for a Home Loan Subsidy under PMAY?<\/span><\/strong><\/h2>\r\n<p>Opting for a home loan subsidy under PMAY can be extremely beneficial, particularly for lower to middle-income families:<\/p>\r\n<ol>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">It reduces the overall interest burden on the borrower, which can make a significant difference in the total amount repaid over the loan\u2019s tenure.<\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">The reduction in EMI can free up monthly income for other household and personal expenses.<\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">It facilitates the acquisition of property that may otherwise be financially out of reach, thereby improving the living standards of the family.<\/p>\r\n<\/li>\r\n<\/ol>\r\n<p><strong>Suggested read: <a href=\"https:\/\/www.basichomeloan.com\/blog\/home-loans\/pmay-delhi\">PMAY Delhi<\/a><\/strong><\/p>\r\n<h2><strong><span id=\"11\">What is the Credit-Linked Subsidy Scheme (CLSS)?<\/span><\/strong><\/h2>\r\n<p>The PMAY scheme offers subsidies on home loans by the government to individuals if they meet the requisite criteria. The subsidy on home loan interest under the PMAY subsidy scheme is provided through the Credit-Linked Subsidy Scheme (CLSS), which is a component of the PMAY. The CLSS scheme offers a government subsidy on home loans to applicants who fall under the following income categories:<\/p>\r\n<ol>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">MIG\u2013II (Middle Income Group 2)<\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">MIG \u2013 I (Middle Income Group 1)<\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">EWS (Economically Weaker Section)\/LIG (Low Income Group)<\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">Revised EWS (Economically Weaker Section)\/LIG (Low Income Group)<\/p>\r\n<\/li>\r\n<\/ol>\r\n<h2><strong><span id=\"12\">Pradhan Mantri Awas Yojana &#8211; Credit Linked Subsidy Scheme (PMAY-CLSS Scheme) Key Details<\/span><\/strong><\/h2>\r\n<p>The PMAY-CLSS offers interest subsidies on home loans based on income categories, helping reduce EMIs and make housing more affordable. Here\u2019s a quick overview of the benefits:<\/p>\r\n<p>&nbsp;<\/p>\r\n<div dir=\"ltr\" align=\"left\">\r\n<table style=\"border-collapse: collapse; border-width: initial;\" border=\"1\"><colgroup> <col width=\"312\" \/> <col width=\"312\" \/><\/colgroup>\r\n<tbody>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\">I<strong>ncome Category<\/strong><\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\"><strong>Subsidy Details<\/strong><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\">EWS (Economically Weaker Section)<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>Annual income up to \u20b93 lakh; interest subsidy up to 6.5% on loan up to \u20b96 lakh.<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>LIG (Low Income Group)<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\">Annual income \u20b93-6 lakh; interest subsidy up to 6.5% on loan up to \u20b96 lakh.<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\">MIG I (Middle Income Group I)<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>Annual income \u20b96-12 lakh; interest subsidy 4% on loan up to \u20b99 lakh<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>MIG II (Middle Income Group II)<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\">Annual income \u20b912-18 lakh; interest subsidy 3% on loan up to \u20b912 lakh<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\">Subsidy Duration<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\">Up to 20 years or the loan tenure, whichever is lower; credited upfront to reduce EMI and adequate loan amount.<\/p>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<p>&nbsp;<\/p>\r\n<p>The rest is 3% p.a. The maximum term of a loan, based on which the subsidy can be calculated, is 20 years. The maximum subsidy amount that is available under this scheme is \u20b92.30 lakh.<\/p>\r\n<h3 dir=\"ltr\"><strong>MIG I<\/strong><\/h3>\r\n<p>Applicants belonging to the MIG I category can avail of a home loan subsidy at the rate of 4% on a maximum loan amount of \u20b99 lakh. The maximum subsidy amount one can get under this category is \u20b92.35 lakh. The maximum loan tenure that will be taken into consideration for the calculation of the loan subsidy is 20 years.<\/p>\r\n<h3 dir=\"ltr\"><strong>EWS\/LIG<\/strong><\/h3>\r\n<p>Those falling under the Economically Weaker Sections (EWS) or Low Income Group (LIG) category can get a subsidy at the rate of 6.50% on a loan amount up to \u20b96 lakh. The maximum subsidy loan amount one gets under this category is \u20b92.67 lakh subsidy on a home loan. The maximum loan term for which the <a href=\"https:\/\/www.basichomeloan.com\/blog\/home-loans\/current-home-loan-interest-rates-all-banks\">house loan interest rate<\/a> subsidy is being offered is 20 years.<\/p>\r\n<p><strong>Suggested read: <a href=\"https:\/\/www.basichomeloan.com\/blog\/home-loans\/pradhan-mantri-awas-yojana-gramin\">PMAY Gramin<\/a><\/strong><\/p>\r\n<h2><strong><span id=\"13\">How to Use Pradhan Mantri Awas Yojana (PMAY) Subsidy Calculator<\/span><\/strong><\/h2>\r\n<p>To use a Pradhan Mantri Awas Yojana (PMAY) subsidy calculator, you can follow these general steps:<\/p>\r\n<p>&nbsp;<\/p>\r\n<div dir=\"ltr\" align=\"left\">\r\n<table style=\"border-collapse: collapse; border-width: initial;\" border=\"1\"><colgroup> <col width=\"312\" \/> <col width=\"312\" \/><\/colgroup>\r\n<tbody>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\"><strong>Step<\/strong><\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\"><strong>Action<\/strong><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\">Find a Calculator Online<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>Access a PMAY subsidy calculator like the one provided by BASIC Home Loan.<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>Enter Annual Family Income<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\">Input your household\u2019s total annual income.<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\">Enter Loan Amount<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>Provide the home loan amount you wish to take.\u00a0<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>Enter Loan Tenure<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\">Specify the duration over which you plan to repay the loan.<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\">Enter Interest Rate<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>Input the expected interest rate on your home loan.<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>Submit Details<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\">Submit the form after entering all required information<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\">View Results<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p dir=\"ltr\" style=\"text-align: center;\">The calculator will display your eligible PMAY subsidy, reduced effective interest rate, and estimated EMI savings.<\/p>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<p>&nbsp;<\/p>\r\n<p><strong>Suggested read: <a href=\"https:\/\/www.basichomeloan.com\/blog\/home-loans\/pradhan-mantri-awas-yojana-urban\">PMAY Urban<\/a><\/strong><\/p>\r\n<h2><strong><span id=\"14\">How Do I Check the Status of the PMAY Subsidy?<\/span><\/strong><\/h2>\r\n<p>There are 3 ways by which you can check the status of your Pradhan Mantri Awas Yojana (PMAY) subsidy:<\/p>\r\n<p>1. Online Using Aadhaar or Application ID<\/p>\r\n<ul>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">Visit the official PMAY website (<a rel=\"nofollow noopener noreferrer\" href=\"https:\/\/pmaymis.gov.in\/\">https:\/\/pmaymis.gov.in<\/a>).<\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">Navigate to the \u2018Citizen Assessment\u2019 section and select the relevant category for your application.<\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">Enter your Aadhaar number or PMAY application ID, then submit the form to view the status of your application<\/p>\r\n<\/li>\r\n<\/ul>\r\n<p>2. Using the Assessment ID<\/p>\r\n<ul>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">Similar to the above method, navigate to the \u2018Track Your Assessment Status\u2019 section on the PMAY website.<\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">Enter your Assessment ID and submit to check your subsidy status.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<p>3. Via Toll-Free Number<\/p>\r\n<ul>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">Call the PMAY customer service at 1800-11-3377 or 1800-11-3388. You will need to provide your application details over the phone to receive information about your subsidy status.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<h2><strong><span id=\"15\">Budget 2025 Updates: CLSS Revival for MIG Homebuyers<\/span><\/strong><\/h2>\r\n<p>Budget 2025 has revived hopes for the affordable housing segment by reintroducing the Credit-Linked Subsidy Scheme (CLSS) for the Middle Income Group (MIG) of homebuyers. Analysts and industry insiders expect this measure to significantly boost housing affordability and supply in Tier\u20111 and Tier\u20112 cities.<\/p>\r\n<h2><strong><span id=\"16\">PMAY\u2011CLSS Explained: Eligibility, Subsidy &amp; Loan Cap<\/span><\/strong><\/h2>\r\n<p>The <a href=\"https:\/\/www.basichomeloan.com\/blog\/home-loans\/pradhan-mantri-awas-yojana-urban\">PMAY-CLSS<\/a> provides income-based interest subsidies on home loans to make housing more affordable. The table below summarizes eligibility, subsidy rates, maximum loan amounts, and benefits.<\/p>\r\n<p>&nbsp;<\/p>\r\n<div dir=\"ltr\" align=\"left\">\r\n<table style=\"border-collapse: collapse; border-width: initial;\" border=\"1\"><colgroup> <col width=\"125\" \/> <col width=\"125\" \/> <col width=\"125\" \/> <col width=\"125\" \/> <col width=\"125\" \/><\/colgroup>\r\n<tbody>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\"><strong>Category<\/strong><\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p><strong>Income<\/strong><\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p><strong>Subsidy<\/strong><\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p><strong>Max Loan<\/strong><\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\"><strong>Max Benefit<\/strong><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\">EWS\/LIG<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>\u2264 6L<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>6.5%<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>6 lakh<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>2.67 lakh<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>MIG &#8211; I<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>6-12 lakh<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>4%<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>9 lakh<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\">2.35 lakh<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\">MIG &#8211; II<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>12-18 lakh<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>3%<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>12 lakh<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\">2.30 lakh<\/p>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<p>&nbsp;<\/p>\r\n<p><strong>Note:<\/strong> Subsidy calculated based on NPV at a 9% discount rate, with a tenure of up to 20 years or the actual loan period.<\/p>\r\n<h2><strong><span id=\"17\">How to Apply for PMAY CLAP Home Loan Subsidy Online<\/span><\/strong><\/h2>\r\n<p>To apply for this subsidy:<\/p>\r\n<ol>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">Visit your lender\u2019s PMAY-registered platform or PMAY CLAP (CLSS Awas Portal).<\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">Submit your loan application with all supporting documents.<\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">On sanction, your Primary Lending Institution (PLI) forwards the subsidy claim to the Central Nodal Agency (e.g., NHB\/HUDCO).<\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">Once approved, the subsidy is credited upfront to your loan account, lowering the EMI burden.<\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">Use the tracking feature on the CLSS Awas Portal to view application status in real time.<\/p>\r\n<\/li>\r\n<\/ol>\r\n<h2><strong><span id=\"18\">State-Wise Portals &amp; Supplementary Schemes<\/span><\/strong><\/h2>\r\n<p>The central PMAY-CLSS scheme is implemented across all states through the PMAY-CLAP portal. Additionally, some states offer supplemental subsidies or matching schemes\u2014check the state housing board or urban development department portals for details and eligibility.<\/p>\r\n<h3 dir=\"ltr\"><strong>Tax &amp; GST Benefits with Home Loan Subsidy<\/strong><\/h3>\r\n<ol>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\"><strong>Tax Benefits<\/strong>: Eligible borrowers can still claim deductions under Section 24 (interest) and Section 80C (principal repayment) even after applying CLSS, subject to overall limits.<\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\"><strong>GST Benefits<\/strong>: A Potential reduction in GST burden on affordable or under-construction properties was proposed in Budget 2025 to further lower costs.<\/p>\r\n<\/li>\r\n<\/ol>\r\n<h2><strong><span id=\"19\">Sample Saving Scenarios: EWS vs. MIG-I Savings Over 20 Years<\/span><\/strong><\/h2>\r\n<p>Below is a quick comparison of how PMAY subsidies reduce EMIs and boost savings for different income groups:<\/p>\r\n<p><strong>\u00a0<\/strong><\/p>\r\n<div dir=\"ltr\" align=\"left\">\r\n<table style=\"border-collapse: collapse; border-width: initial; height: 332px;\" border=\"1\" width=\"651\"><colgroup> <col width=\"89\" \/> <col width=\"67\" \/> <col width=\"76\" \/> <col width=\"75\" \/> <col width=\"119\" \/> <col width=\"84\" \/> <col width=\"115\" \/><\/colgroup>\r\n<tbody>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p><strong>Category<\/strong><\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p><strong>Income Bracket<\/strong><\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p><strong>Subsidy Rate<\/strong><\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p><strong>Subsidy Cap<\/strong><\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p><strong>Approx. Monthly EMI without Subsidy<\/strong><\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p><strong>EMI with Subsidy<\/strong><\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p><strong>Estimated Savings Over 20 Years<\/strong><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\">EWS\/LIG<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>\u2264 \u20b96 lakh p.a.<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>6.5%<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>\u20b92.67 lakh<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>~\u20b95,790<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>~\u20b93,211<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\">\u20b930,948 annually (~\u20b96 L)<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\">MIG\u2011I<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>\u20b96\u201312 lakh p.a.<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>4%<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>\u20b92.35 lakh<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>\u20b97,894<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial; text-align: center;\">\r\n<p>\u20b95,834<\/p>\r\n<\/td>\r\n<td style=\"border-width: initial;\">\r\n<p style=\"text-align: center;\">\u20b92,060 monthly (\u20b95 L)<\/p>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<h2>\u00a0<\/h2>\r\n<h2><strong><span id=\"20\">10 Banks Offering Govt Subsidy on Home Loan by the Government in 2025-26<\/span><\/strong><\/h2>\r\n<p>Here is a list of 10 banks in India offering a subsidy on home loans by the government in 2025-26:<\/p>\r\n<ol>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\"><a href=\"https:\/\/www.basichomeloan.com\/home-loans\/sbi-home-loan\">State Bank of India<\/a><\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\"><a href=\"https:\/\/www.basichomeloan.com\/home-loans\/bank-of-india-home-loan\">Bank of India<\/a><\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\"><a href=\"https:\/\/www.basichomeloan.com\/home-loans\/bank-of-baroda-home-loan\">Bank of Baroda<\/a><\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">Axis Bank<\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\">Punjab National Bank<\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\"><a href=\"https:\/\/www.basichomeloan.com\/home-loans\/idfc-first-bank-home-loan\">IDFC First Bank<\/a><\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\"><a href=\"https:\/\/www.basichomeloan.com\/home-loans\/hdfc-home-loan\">HDFC Bank<\/a><\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\"><a href=\"https:\/\/www.basichomeloan.com\/home-loans\/bandhan-bank-home-loan\" target=\"_blank\" rel=\"noopener\">Bandhan Bank<\/a><\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\"><a href=\"https:\/\/www.basichomeloan.com\/home-loans\/canara-bank-home-loan\" target=\"_blank\" rel=\"noopener\">Canara Bank<\/a><\/p>\r\n<\/li>\r\n<li dir=\"ltr\" aria-level=\"1\">\r\n<p dir=\"ltr\" role=\"presentation\"><a href=\"https:\/\/www.basichomeloan.com\/home-loans\/idbi-bank-home-loan\">IDBI Bank<\/a><\/p>\r\n<\/li>\r\n<\/ol>\r\n<h2><strong>Takeaway<\/strong><\/h2>\r\n<p>The PM home loan subsidy under PMAY helps EWS, LIG, and MIG families make homeownership affordable. Eligible applicants can get up to 2.67 lakh subsidy on home loan, easing their EMIs and overall loan burden. Check your eligibility, use the PMAY subsidy calculator, and apply before 31 December 2025 to take full advantage of this government benefit. Don\u2019t miss the chance to turn your dream home into reality.<\/p>\r\n<h2><strong>FAQs about Home Loan Subsidy<\/strong><\/h2>\r\n<p><\/p>\r\n<div class=\"schema-faq wp-block-yoast-faq-block\">\r\n<div id=\"faq-question-1763467362756\" class=\"schema-faq-section\"><strong class=\"schema-faq-question\"><strong>How long does it typically take to receive the subsidy amount under PMAY?<\/strong><\/strong>\r\n<p class=\"schema-faq-answer\">It generally takes around 3 to 4 months for the subsidy amount from PMAY to be credited to the beneficiary\u2019s bank account.<\/p>\r\n<\/div>\r\n<div id=\"faq-question-1763467363488\" class=\"schema-faq-section\"><strong class=\"schema-faq-question\"><strong>What are the subsidy on home loan rules for women under this scheme?<\/strong><\/strong>\r\n<p class=\"schema-faq-answer\">Any woman who is running a family and falls under the LIG or EWS category can apply for a house loan under the scheme. However, if any other member of the family residing with the woman has also applied for the loan subsidy under the scheme, then in that case the woman\u2019s application will be rejected.<\/p>\r\n<\/div>\r\n<div id=\"faq-question-1763467363840\" class=\"schema-faq-section\"><strong class=\"schema-faq-question\"><strong>Can senior citizens applying for a home loan subsidy under the PMAY scheme get ground-floor houses?<\/strong><\/strong>\r\n<p class=\"schema-faq-answer\">All senior citizens applying under the PMAY scheme will be given priority for ground-floor housing. However, since this priority is shared with differently-abled beneficiaries, senior citizens need to apply under this scheme early.<\/p>\r\n<\/div>\r\n<div id=\"faq-question-1763467364338\" class=\"schema-faq-section\"><strong class=\"schema-faq-question\"><strong>What is the duration of the PMAY project?<\/strong><\/strong>\r\n<p class=\"schema-faq-answer\">The proposed deadline for this project was 2022; however, it has been extended till the end of 2024. However, this may be further extended to benefit more and more families from different regions of the country.<\/p>\r\n<\/div>\r\n<div id=\"faq-question-1763467365453\" class=\"schema-faq-section\"><strong class=\"schema-faq-question\"><strong>Can one apply under the PMAY scheme if he\/she does not have an Aadhaar Card?<\/strong><\/strong>\r\n<p class=\"schema-faq-answer\">In order to fill out the online application for PMAY, it is mandatory for all citizens of India to have an Aadhaar Card. Those not having an Aadhaar Card can get it done from their nearest Common Service Centres (CSCs).<\/p>\r\n<\/div>\r\n<div id=\"faq-question-1763467365791\" class=\"schema-faq-section\"><strong class=\"schema-faq-question\"><strong>Is there any registration fee to apply under the scheme?<\/strong><\/strong>\r\n<p class=\"schema-faq-answer\">Yes. There is a nominal application fee of \u20b925 plus service tax if you process your application at the Common Service Centres. However, there are no charges for online applications.<\/p>\r\n<\/div>\r\n<div id=\"faq-question-1763467440921\" class=\"schema-faq-section\"><strong class=\"schema-faq-question\"><strong>How can I get a 2.67 lakh subsidy on a home loan?<\/strong><\/strong>\r\n<p class=\"schema-faq-answer\">To obtain the \u20b92.67 lakh subsidy under the PMAY Credit Linked Subsidy Scheme (CLSS), you must meet these criteria:<br \/><br \/>1. Income Bracket: You should fall under the Middle Income Group I (MIG I) with an annual income between \u20b96 lakh and \u20b912 lakh, or Middle Income Group II (MIG II) with an income between \u20b912 lakh and \u20b918 lakh.<br \/>2. Apply Through a Participating Lender: Approach a bank or financial institution that is registered with the CLSS. They will process your home loan application and apply for the subsidy on your behalf if you qualify.<br \/>3. First Home Buyer: You should be buying your first home, and the subsidy applies to a single house per household.<br \/>4. Women Ownership: It is beneficial to have a female co-owner to qualify for the subsidy, although this is not a requirement for MIG categories.<\/p>\r\n<\/div>\r\n<\/div>\r\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Table of Contents Credit-Linked Subsidy Scheme Helpline Number PMAY Home Loan Subsidy 2026 Categorization PMAY Home Loan Subsidy Pradhan Mantri Awas Yojana(PMAY) 2026 Home Loan Subsidy Eligibility Criteria Who Can Apply for a Home Loan Subsidy Under PMAY? Application Process for Home Loan Subsidy How to Apply for a Home Loan Subsidy Documents Needed &amp; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[268],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Home Loan Subsidy by Government - 2.67 Lakh Subsidy on Home Loan Scheme 2025<\/title>\n<meta name=\"description\" content=\"Home Loan Subsidy by Government - Learn about the 2.67 lakh subsidy on home loan provided to save up on your house loan interest rates that can make your dream home more affordable.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.basichomeloan.com\/blog\/home-loans\/home-loan-subsidy\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Home Loan Subsidy by Government - 2.67 Lakh Subsidy on Home Loan Scheme 2025\" \/>\n<meta property=\"og:description\" content=\"Home Loan Subsidy by Government - Learn about the 2.67 lakh subsidy on home loan provided to save up on your house loan interest rates that can make your dream home more affordable.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.basichomeloan.com\/blog\/home-loans\/home-loan-subsidy\" \/>\n<meta property=\"og:site_name\" content=\"Basic Home Loan Blogs\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/BasicLoans\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-25T12:31:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-26T12:40:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.basichomeloan.com\/blog\/wp-content\/uploads\/2024\/08\/HLSBanner-blog_12.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"973\" \/>\n\t<meta property=\"og:image:height\" content=\"730\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@LoanBasic\" \/>\n<meta name=\"twitter:site\" content=\"@LoanBasic\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"13 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.basichomeloan.com\/blog\/home-loans\/home-loan-subsidy#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.basichomeloan.com\/blog\/home-loans\/home-loan-subsidy\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/www.basichomeloan.com\/blog\/#\/schema\/person\/7f650e06cc4a49eb0d850bd6789ccaa0\"},\"headline\":\"Home Loan Subsidy by Government in 2026 &#8211; 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However, if any other member of the family residing with the woman has also applied for the loan subsidy under the scheme, then in that case the woman\u2019s application will be rejected.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.basichomeloan.com\/blog\/home-loans\/home-loan-subsidy#faq-question-1763467363840\",\"position\":3,\"url\":\"https:\/\/www.basichomeloan.com\/blog\/home-loans\/home-loan-subsidy#faq-question-1763467363840\",\"name\":\"Can senior citizens applying for a home loan subsidy under the PMAY scheme get ground-floor houses?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"All senior citizens applying under the PMAY scheme will be given priority for ground-floor housing. However, since this priority is shared with differently-abled beneficiaries, senior citizens need to apply under this scheme early.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.basichomeloan.com\/blog\/home-loans\/home-loan-subsidy#faq-question-1763467364338\",\"position\":4,\"url\":\"https:\/\/www.basichomeloan.com\/blog\/home-loans\/home-loan-subsidy#faq-question-1763467364338\",\"name\":\"What is the duration of the PMAY project?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The proposed deadline for this project was 2022; however, it has been extended till the end of 2024. However, this may be further extended to benefit more and more families from different regions of the country.<br\/>\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.basichomeloan.com\/blog\/home-loans\/home-loan-subsidy#faq-question-1763467365453\",\"position\":5,\"url\":\"https:\/\/www.basichomeloan.com\/blog\/home-loans\/home-loan-subsidy#faq-question-1763467365453\",\"name\":\"Can one apply under the PMAY scheme if he\/she does not have an Aadhaar Card?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"In order to fill out the online application for PMAY, it is mandatory for all citizens of India to have an Aadhaar Card. Those not having an Aadhaar Card can get it done from their nearest Common Service Centers (CSCs).<br\/>\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.basichomeloan.com\/blog\/home-loans\/home-loan-subsidy#faq-question-1763467365791\",\"position\":6,\"url\":\"https:\/\/www.basichomeloan.com\/blog\/home-loans\/home-loan-subsidy#faq-question-1763467365791\",\"name\":\"Is there any registration fee to apply under the scheme?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes. There is a nominal application fee of \u20b925 plus service tax if you process your application at the Common Service Centres. However, there are no charges for online applications.<br\/>\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.basichomeloan.com\/blog\/home-loans\/home-loan-subsidy#faq-question-1763467440921\",\"position\":7,\"url\":\"https:\/\/www.basichomeloan.com\/blog\/home-loans\/home-loan-subsidy#faq-question-1763467440921\",\"name\":\"How can I get a 2.67 lakh subsidy on a home loan?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"To obtain the \u20b92.67 lakh subsidy under the PMAY Credit Linked Subsidy Scheme (CLSS), you must meet these criteria:<br\/><br\/>1. Income Bracket: You should fall under the Middle Income Group I (MIG I) with an annual income between \u20b96 lakh and \u20b912 lakh, or Middle Income Group II (MIG II) with an income between \u20b912 lakh and \u20b918 lakh.<br\/>2. Apply Through a Participating Lender: Approach a bank or financial institution that is registered with the CLSS. They will process your home loan application and apply for the subsidy on your behalf if you qualify.<br\/>3. First Home Buyer: You should be buying your first home, and the subsidy applies to a single house per household.<br\/>4. 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However, if any other member of the family residing with the woman has also applied for the loan subsidy under the scheme, then in that case the woman\u2019s application will be rejected.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.basichomeloan.com\/blog\/home-loans\/home-loan-subsidy#faq-question-1763467363840","position":3,"url":"https:\/\/www.basichomeloan.com\/blog\/home-loans\/home-loan-subsidy#faq-question-1763467363840","name":"Can senior citizens applying for a home loan subsidy under the PMAY scheme get ground-floor houses?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"All senior citizens applying under the PMAY scheme will be given priority for ground-floor housing. However, since this priority is shared with differently-abled beneficiaries, senior citizens need to apply under this scheme early.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.basichomeloan.com\/blog\/home-loans\/home-loan-subsidy#faq-question-1763467364338","position":4,"url":"https:\/\/www.basichomeloan.com\/blog\/home-loans\/home-loan-subsidy#faq-question-1763467364338","name":"What is the duration of the PMAY project?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The proposed deadline for this project was 2022; however, it has been extended till the end of 2024. However, this may be further extended to benefit more and more families from different regions of the country.<br\/>","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.basichomeloan.com\/blog\/home-loans\/home-loan-subsidy#faq-question-1763467365453","position":5,"url":"https:\/\/www.basichomeloan.com\/blog\/home-loans\/home-loan-subsidy#faq-question-1763467365453","name":"Can one apply under the PMAY scheme if he\/she does not have an Aadhaar Card?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"In order to fill out the online application for PMAY, it is mandatory for all citizens of India to have an Aadhaar Card. Those not having an Aadhaar Card can get it done from their nearest Common Service Centers (CSCs).<br\/>","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.basichomeloan.com\/blog\/home-loans\/home-loan-subsidy#faq-question-1763467365791","position":6,"url":"https:\/\/www.basichomeloan.com\/blog\/home-loans\/home-loan-subsidy#faq-question-1763467365791","name":"Is there any registration fee to apply under the scheme?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes. There is a nominal application fee of \u20b925 plus service tax if you process your application at the Common Service Centres. However, there are no charges for online applications.<br\/>","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.basichomeloan.com\/blog\/home-loans\/home-loan-subsidy#faq-question-1763467440921","position":7,"url":"https:\/\/www.basichomeloan.com\/blog\/home-loans\/home-loan-subsidy#faq-question-1763467440921","name":"How can I get a 2.67 lakh subsidy on a home loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"To obtain the \u20b92.67 lakh subsidy under the PMAY Credit Linked Subsidy Scheme (CLSS), you must meet these criteria:<br\/><br\/>1. Income Bracket: You should fall under the Middle Income Group I (MIG I) with an annual income between \u20b96 lakh and \u20b912 lakh, or Middle Income Group II (MIG II) with an income between \u20b912 lakh and \u20b918 lakh.<br\/>2. Apply Through a Participating Lender: Approach a bank or financial institution that is registered with the CLSS. 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