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How much financial assistance is provided under PMAY?

Curious about Pradhan Mantri Awas Yojana

How much financial assistance is provided under PMAY?

Under the Pradhan Mantri Awas Yojana (PMAY), the amount of financial assistance provided depends on the specific component or scheme of PMAY and the category of the beneficiary. Here's an overview of the financial assistance provided under PMAY:

1. CreditLinked Subsidy Scheme (CLSS):
Economically Weaker Sections (EWS) and LowIncome Groups (LIG): Eligible beneficiaries under EWS and LIG categories can avail interest subsidy on home loans. The subsidy amount ranges from 3% to 6.5% depending on the income category, with a maximum loan amount of Rs. 6 lakh.
MiddleIncome Groups (MIG):
MIGI: Beneficiaries under MIGI category can avail interest subsidy of 4% on home loans up to Rs. 9 lakh.
MIGII: Beneficiaries under MIGII category can avail interest subsidy of 3% on home loans up to Rs. 12 lakh.

2. Affordable Housing in Partnership (AHP) and BeneficiaryLed Construction (BLC):
The amount of financial assistance provided under these components may vary depending on the specific project or scheme implemented by the respective state or union territory. The assistance can include grants, subsidies, or other forms of financial support for the construction or purchase of houses.

It's important to note that the subsidy amounts and financial assistance may be subject to change and can vary based on the specific guidelines and policies of PMAY implemented by the respective state or union territory. Therefore, it is advisable to refer to the official PMAY website or consult with the nodal agency in your state for precise information on the financial assistance available under PMAY in your area.

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