Govt scheme · EWS / LIG / MIG · free calculator
PMAY Subsidy Calculator — Know Your Government Benefit
Find out if you qualify for PMAY CLSS interest subsidy, how much you get, and what your effective EMI will be after the subsidy is applied.
Educational calculators — always consult a licensed professional before making financial decisions.
Combined income of all earning members in the household.
The loan you plan to take from a bank or NBFC.
PMAY requires that no family member owns a pucca house anywhere in India.
PMAY-Urban covers statutory towns, notified planning areas, and metro cities.
PMAY Interest Subsidy
₹2.67 L
6.5% subsidy on ₹6 L eligible loan — upfront credit
How PMAY CLSS works
The bank disburses your full loan. The government pays the NPV of the interest subsidy (₹₹2.67 L) directly to the bank, which immediately reduces your outstanding principal. Your future EMIs are calculated on the reduced balance.
Subsidy amounts based on NHB/HUDCO NPV calculation at 9% discount rate over 20 years. Actual subsidy credited depends on bank verification, loan disbursement date, and PMAY portal approval. Apply through a PLI (Primary Lending Institution) empanelled with NHB.
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What you'll need
- ·Annual household income (all earning members)
- ·Home loan amount
- ·Whether you are a first-time buyer
- ·Whether the property is in an urban area
How it works
Enter your household income
Provide combined annual income of all earning members in the family.
Enter your loan amount
The home loan amount you plan to take from a bank or NBFC.
Get your subsidy
See the PMAY CLSS subsidy amount, effective loan, and reduced EMI.
PMAY CLSS Subsidy by Category
| Category | Income Limit | Subsidy Rate | Max Loan | Max Subsidy |
|---|---|---|---|---|
| EWS | Up to ₹3L/yr | 6.5% | ₹6 lakh | ~₹2.67L |
| LIG | ₹3L – ₹6L/yr | 6.5% | ₹6 lakh | ~₹2.67L |
| MIG-I* | ₹6L – ₹12L/yr | 4% | ₹9 lakh | ~₹2.35L |
| MIG-II* | ₹12L – ₹18L/yr | 3% | ₹12 lakh | ~₹2.30L |
*MIG-I and MIG-II CLSS ended March 2021. EWS and LIG remain active under PMAY 2.0. Subsidy is NPV at 9% discount rate for 20 years.
Authoritative resources
Frequently asked questions
What is PMAY CLSS and how does the subsidy work?+
PMAY CLSS (Pradhan Mantri Awas Yojana — Credit Linked Subsidy Scheme) is a government scheme that provides interest subsidy on home loans for eligible income groups. The government pays the NPV of interest savings to your bank, which reduces your outstanding principal upfront — lowering your EMI.
Who is eligible for PMAY subsidy in 2026?+
PMAY-U eligibility requires: (1) First-time home buyer — no family member should own a pucca house anywhere in India. (2) Property must be in an urban statutory town or notified area. (3) Annual household income must be below ₹18 lakh (for EWS, LIG, MIG categories). (4) The property must meet carpet area norms for the applicable category.
How much subsidy can I get under PMAY?+
EWS and LIG (income < ₹6 lakh): Up to ₹2.67 lakh subsidy on ₹6 lakh loan at 6.5% rate. MIG-I (₹6–12 lakh income): Up to ₹2.35 lakh on ₹9 lakh loan at 4%. MIG-II (₹12–18 lakh income): Up to ₹2.30 lakh on ₹12 lakh loan at 3%. Note: CLSS for MIG ended March 2021 — check current status.
How do I apply for PMAY subsidy?+
Apply through a Primary Lending Institution (PLI) empanelled with NHB or HUDCO — these are participating banks like SBI, HDFC, LIC HFL, etc. The bank submits your subsidy claim to NHB/HUDCO, which transfers the amount directly to the bank to reduce your loan outstanding.
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Back to the calculator ↑PMAY Subsidy Calculator is built and maintained by the RealCostIQ editorial team. Cost ranges and rates are checked against published industry data and contractor quotes, and revised when the underlying figures move. Read our data methodology or more about who builds this. Every calculation runs in your browser — no account, and none of your inputs are stored.
Cost ranges and rates here are checked against contractor quotes and published industry data. If a number still looks off, email Support@RealCostIQ.com and we'll review and fix it.