If you want to know PMAY who is eligible, go through the following eligibility criterias for the same,
Family & income limits must belong to one of these categories:
EWS (Economically Weaker Section): Annual household income up to Rs3 lakh.
LIG (Low-Income Group): Annual household income from Rs3 lakh to Rs6 lakh.
MIG (Middle-Income Group): Annual household income from Rs6 lakh to Rs9 lakh.
The subsidy is linked to loans sanctioned and disbursed from 1 September 2024 onwards.
PMAY home loan subsidy is only for first-time buyers or constructors in the EWS, LIG and limited MIG categories with defined income limits, no existing house ownership, and property parameters within the scheme’s ceiling limits.
Property Conditions:
Must be a pucca house within statutory towns (as per Census 2011 or notified later).
The carpet area should not exceed 120 sq m.
Maximum home loan eligible for subsidy is Rs. 25 lakh, and maximum house value for subsidy is Rs. 35 lakh.
The applicant’s family should not own a pucca house anywhere in India in their name. The subsidy benefit can be availed only once per family (husband, wife and unmarried children) on one property.
Priority may be given to single women, senior citizens, persons with disabilities, transgender persons, and beneficiaries from SC/ST or other vulnerable categories.
Loan must have a tenure of more than five years. Subsidy is released in five yearly instalments and credited to the loan account.
Who is Not Eligible for PMAY?
Households that already own a pucca home anywhere in India.
Those who have availed benefit under any previous PMAY or similar government housing scheme in the last 20 years.
Ensure your home loan is sanctioned and disbursed after 1 Sep 2024. Submit correct income proofs, identity documents, and non-ownership affidavit. Choose a lender registered under PMAY for smooth subsidy processing. Check if your city and property category fall under the scheme’s statutory limits.
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Who is Eligible for PMAY Home Loan Subsidy?
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2026-02-17T09:54:43+00:00 2026-02-17T09:54:45+00:00Comment
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