PMAY Subsidy 2026 — Pradhan Mantri Awas Yojana Complete Guide
CardKhoj Editorial Team 11 min read26 March 2026
Financial Disclaimer
Disclaimer: This information is for educational purposes only. Always consult a certified financial advisor before making any financial decision.
What is PMAY (Pradhan Mantri Awas Yojana)?
PMAY is the Government of India's flagship housing scheme that provides interest subsidy of up to ₹2.67 Lakh on home loans for first-time homebuyers in EWS, LIG, and MIG categories. The subsidy is credited upfront, reducing your loan principal.
PMAY Subsidy Slabs
| Category | Annual Income | Max Loan for Subsidy | Subsidy Rate | Max Subsidy |
|---|---|---|---|---|
| EWS | Up to ₹3L | ₹6L | 6.50% | ₹2.67L |
| LIG | ₹3L - ₹6L | ₹6L | 6.50% | ₹2.67L |
| MIG-I | ₹6L - ₹12L | ₹9L | 4.00% | ₹2.35L |
| MIG-II | ₹12L - ₹18L | ₹12L | 3.00% | ₹2.30L |
How to Apply
Apply through any scheduled bank or housing finance company. Visit pmaymis.gov.in to check eligibility. Required: Aadhaar, income proof, no existing pucca house in family. The subsidy is processed within 3-4 months of loan disbursement.