The Pradhan Mantri Awas Yojana - Urban 2.0 aims to provide financial assistance to 1 crore urban poor and middle-class families, making the dream of owning a home a reality.
Status
Subsidy Active
Approved
1.0 Cr Houses
Interest subsidy on the first ₹8 Lakh of your home loan for a tenure of up to 12 years.
Maximum subsidy benefit credited directly to your loan account under ISS.
Mandatory female head or joint ownership for EWS/LIG categories.
Precision-tiered categorization ensuring equitable distribution of government benefits.
| Category | Annual Income | Subsidy Rate | House Value Cap | Carpet Area |
|---|---|---|---|---|
| EWS | Up to ₹3 Lakh | 4.0% | ₹35 Lakh | 30 - 60 m² |
| LIG | ₹3 Lakh - ₹6 Lakh | 4.0% | ₹35 Lakh | Up to 60 m² |
| MIG | ₹6 Lakh - ₹9 Lakh | 4.0% | ₹35 Lakh | Standard |
Tier 01
Annual Income
Up to ₹3 Lakh
House Value Cap
₹35 Lakh
Carpet Area
30 - 60 m²
Tier 02
Annual Income
₹3 Lakh - ₹6 Lakh
House Value Cap
₹35 Lakh
Carpet Area
Up to 60 m²
Tier 03
Annual Income
₹6 Lakh - ₹9 Lakh
House Value Cap
₹35 Lakh
Carpet Area
Standard
Choose the category that fits your housing needs
Interest Subsidy Scheme
Provides a 4% interest subsidy on home loans for EWS, LIG, and MIG families.
Beneficiary-Led Construction
Financial assistance for individual eligible families to build or enhance their own houses.
Affordable Housing in Partnership
Houses built by States/UTs in partnership with the private sector or public agencies.
Affordable Rental Housing
Providing dignified living for urban migrants and the poor through rental models.
The beneficiary family must not own a 'pucca' house in any part of India.
Annual household income must be up to ₹9 Lakh for the Interest Subsidy Scheme.
Comprises husband, wife, and unmarried children.
UIDAI MANDATORY
FIRST-TIME OWNER PROOF
SALARY SLIP / ITR
PMAY-U 2.0 aims to provide all-weather pucca houses to eligible urban families, targeting 1 crore beneficiaries over 5 years (FY 2024-29) with an emphasis on EWS, LIG, and MIG segments.
Families belonging to EWS (income up to ₹3L), LIG (₹3L-₹6L), or MIG (₹6L-₹9L) who do not own a pucca house anywhere in India are eligible. Aadhaar is mandatory for all family members.
A beneficiary family comprises husband, wife, and unmarried sons and/or unmarried daughters. The family should not own a pucca house in any part of India.
Yes, an adult earning member (irrespective of marital status) can be treated as a separate household, provided they do not own a pucca house in their name in any part of India.
ISS offers a 4% interest subsidy on the first ₹8 Lakh of a home loan for a tenure of up to 12 years. It is available for families with an annual income up to ₹9 Lakh, provided the house value is within ₹35 Lakh.
BLC provides financial assistance to individual eligible families from the EWS category to build new houses or enhance existing ones on their own land.
For EWS and LIG categories, the carpet area is generally up to 60 sq. mt. For MIG, standard area norms apply as per the specific project guidelines under AHP or ISS.
Yes, for EWS and LIG categories, the house must be in the name of the female head of the household or in joint name with the male head, promoting women's empowerment.
The subsidy is calculated as the Net Present Value (NPV) and is credited upfront to the borrower's loan account by the lending institution, effectively reducing the principal and EMI.
Beneficiaries can track their application status through the official PMAY-U 2.0 portal using their Application ID, Aadhaar number, or mobile number.
You can check your name in the beneficiary list on the official PMAY-Urban website under the 'Search Beneficiary' section by entering your Aadhaar details.
The subsidy is for new loans sanctioned during the scheme period. If you meet the eligibility criteria and are taking a fresh loan for a new house or enhancement, you can apply through your bank.
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