PRADHAN MANTRI AWAS YOJNA : HOUSING FOR ALL : SUBSIDY ON LOAN INTEREST FULL DETAIL

PMAY Home Loans InterestRates/Subsidy for 2017

Subsidies Explained	Earlier Scheme (2015) – CLSS for EWS/LIG	Revised Scheme (2017) – CLSS for MIG
Loan Amount	Up to Rs. 6 Lakh	Up to Rs. 9 Lakh	Up to Rs. 12 Lakh
Eligibility Criteria	EWS (Annual income of Up to Rs. 3 Lakh) and LIG (Income of up to Rs. 6 Lakh per annum). Women to be the co-owner along with the beneficiary.	MIG 1 – Up to Rs. 12 Lakh per annum	MIG 2 – Up to Rs. 18 Lakh per annum
Subsidy Calculation for a loan tenure of up to 15 years	6.5%	4%	3%
Subsidy Amount	Rs. 2.2 Lakh for a loan of 6 lakh	Rs. 2.35 Lakh for a loan of Rs 9 Lakh	Rs. 2.3 Lakh for a loan of Rs. 12 Lakh
Interest Rates and Subsidy
Interest Rate	10.5%	8.5%
Loan Amount	Rs. 12 Lakh	Rs. 9 Lakh or More	Rs. 12 Lakh or More
Amount Eligible for Subsidy	Rs. 6 Lakh	Rs. 9 Lakh	Rs. 12 Lakh
Subsidy Rate	6.5%	4%	3%
Subsidy Amount	2.2 Lakh	2.35 Lakh	2.3 Lakh