Beneficiary
The beneficiary family will comprise husband, wife and unmarried children. (An adult earning member irrespective of marital status can be treated as a separate household in MIG category).
Coverage
All statutory towns as per Census 2011 and towns’ notified subsequently, including planning area as notified with respect to statutory town.
PMAY Scheme Details
| CLSS Scheme Type |
EWS and LIG |
MIG 1 ** |
MIG 2 ** |
| Eligibility Household Income ( Rs.) |
UptoRs.6,00,000 |
Rs.6,00,001 to Rs.12,00,000 |
Rs.12,00,001 toRs.18,00,000 |
| Carpet Area-Max (sqm) |
60 sqm |
160 sqm |
200 sqm |
| Interest Subsidy (%) |
6.5% |
4.00% |
3.00% |
| Subsidy calculated on a max loan of |
Rs.6,00,000 |
Rs.9,00,000 |
Rs.12,00,000 |
| Loan Purpose |
Purchase/Self Construction/Extension |
Purchase/Self Construction |
Purchase/Self Construction |
| Validity of scheme |
31/03/2022 |
31/03/2020 |
31/03/2020 |
| Max Subsidy (Rs.) |
2.67 Lacs |
2.35 Lacs |
2.30 Lacs |
| Woman Ownership |
Yes * |
Not Mandatory |
Not Mandatory |
* woman ownership is not mandatory for construction / extension
*As per amendment dated 15.03.2018, an adult earning member (irrespective of martial status) can be treated as a separate household. Provided also that in case of a married couple, either of spouses or both together in joint ownership will be eligible for a single house, subject to income eligibility of the household under the scheme.
**for MIG - 1 & 2 loan should be approved on/or after 1-1-2017
- Aadhar number(s) of the beneficiary family are mandatory for MIG category.
- The interest subsidy will be available for a maximum loan tenure of 20 yrs or the loan tenure whichever is lower.
- The interest subsidy will be credited upfront to the loan account of beneficiaries through Aham resulting in reduced effective housing loan and Equated Monthly Installment (EMI).
- The Net Present Value (NPV) of the interest subsidy will be calculated at a discount rate of 9 %. The additional loan beyond the specified limits, if any to be at non-subsidized rate.
- There is no cap on the loan amount or the cost of the property.
*for more details on the scheme please refer www.mhupa.gov.in
Note: Assessment of your eligibility to avail the benefits of CLSS is at the sole discretion of the Government of India. Contents herein are parameters outlined under the scheme for assessment of entitlement.