PMAY Home Loan Subsidy Scheme 2023 for EWS / LIG Category: Pradhan Mantri Awas Yojana home loan subsidy scheme for EWS (Economically Weaker Section) and LIG (Lower Income Group) 2023 is available. Under the new scheme, the government is now offering the housing loan for up to 20 years instead of 15 years as per the previous guidelines. The government has also introduced CLSS for MIG and the previous CLSS component would be called CLSS for EWS / LIG category people.
Under the PMAY CLSS for EWS/LIG, beneficiaries of Economically Weaker Section (EWS) and Low Income Group (LIG) seeking housing loans from Banks, Housing Finance Companies and other such institutions would be eligible for an interest subsidy at the rate of 6.5 % for a tenure of 20 years or during tenure of loan whichever is lower. PM Awas Yojana Mission with all its components has become effective from the date 17 June 2015 and will be implemented upto 31 March 2022.
Salient Features of PMAY Home Loan Subsidy Scheme for EWS/LIG 2023
- The credit linked subsidy will be available only for loan amounts upto Rs 6 lakhs and additional loans beyond Rs. 6 lakhs, if any, will be at non-subsidized rate.
- Interest subsidy will be credited upfront to the loan account of beneficiaries through Primary Lending Institutions (PLI), 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 houses constructed/acquired with central assistance under the Mission should be in the name of the female head of the household or in the joint name of the male head of the household and his wife, and only in case when there is no adult female member in the family, the house can be in the name of male member of the household.
- All Statutory Towns as per Census 2011 and towns notified subsequently, including planning area as notified with respect to Statutory Town.
Loan Amount / Interest Subsidy / Tenure in PMAY Home Loan Subsidy Scheme
Maximum loan amount: as per eligibility of customer decided by bank / Financial Institution based on due diligence
Maximum loan tenure: based on the guidelines of the PLI
Maximum tenure for subsidy computation: 20 years or the tenure of the loan, whichever is lower
Maximum loan amount for subsidy calculation: Rs. 6 lakh
Interest rate for subsidy: 6.5%
LIST OF BANKS
PMAY Home Loan Banks Under CLSS for EWS/LIG
| Loan Amount | Loan Amount eligible for Subsidy | Interest Subsidy | Balance Loan | Initial EMI @10% | Reduced EMI after credit-ing the Subsidy | Monthly savings | Annual Savings |
|---|---|---|---|---|---|---|---|
| 3,00,000 | 3,00,000 | 1,33,640 | 1,66,360 | 2,895 | 1,605 | 1,290 | 15,480 |
| 6,00,000 | 6,00,000 | 2,67,280 | 3,32,720 | 5,790 | 3,211 | 2,579 | 30,948 |
| 10,00,000 | 6,00,000 | 2,67,280 | 7,32,720 | 9,650 | 7,071 | 2,579 | 30,948 |
Eligibility for CLSS for EWS/LIG
- Beneficiary family will comprise husband, wife and unmarried children.
- The beneficiary family should not own a pucca house either in his/her name or in the name of any member of his/her family in any part of India.
- EWS Households having annual income up to Rs. 3,00,000/-
- LIG Households having annual income between Rs. 3,00,001/- and upto Rs.6,00,000/-
- Preference under the scheme, subject to beneficiaries being from EWS/LIG segments, should be given to Manual Scavengers, Women (with overriding preference to widows), persons belonging to Scheduled Castes/ Scheduled Tribes/ Other Backward Classes, Minorities, Persons with disabilities and Transgender.
PMAY Housing Loan Subsidy Scheme Guidelines
| Criteria | Existing Instructions(CLSS – EWS +LIG) | Revised Instructions (CLSS – EWS +LIG) |
|---|---|---|
| Household/ Annual Income (Rs) | Upto Rs. 6 lakhs | Upto Rs. 6 lakhs |
| Property Area (Carpet Area) | 30/60 sqm | 30/60 sqm |
| Location | 17778 towns | 17778 towns |
| Woman Ownership | Yes (except for construction) | Yes (except for construction) |
| Max Loan Amt for Subsidy | Upto 6 lakhs | Upto 6 lakhs |
| Subsidy % | 6.50% | 6.50% |
| Subsidy Amount | Rs. 2.20 lakhs | Rs. 2.67 lakhs |
| NPV | 9% | 9% |
| Max term of loan (on which subsidy will be calculated) | 15 yrs | 20 yrs |
| Property should be Family’s | 1st home | 1st home |
| Validity | 2022 | 2022 |
| Applicability | Loans approved on/after 17/06/2015 | Loans approved on/after 01/01/2017 |
The detailed guidelines of the CLSS for EWS/LIG scheme are available at below link
http://mohua.gov.in/upload/uploadfiles/files/5CLSS_EWS_LIG_English_Guidelines_wb.pdf
Area which can be constructed in PMAY Home Loan Subsidy Scheme
Carpet area of house being constructed or enhanced under CLSS component of the PMAY Home Loan Subsidy Scheme should be upto 30 square meters for EWS category and upto 60 square meters for LIG category. For incremental housing/extension, the area limit will be 30 sq.mt. and 60 sq.mt. of carpet area for EWS and LIG category respectively.
Credit linked subsidy would be available for housing loans availed for new construction and addition of rooms, kitchen, toilet etc. to existing dwellings as incremental housing. The PMAY Home Loan Subsidy Scheme beneficiary, at his/her discretion, can build a house of larger area but interest subvention would be limited to first Rs. 6 lakh only.
More details about the PMAY home loan subsidy scheme for EWS/LIG under CLSS component can be found on the official website of the Ministry of Housing and Urban Poverty Alleviation at pmaymis.gov.in
Central Government Govt Schemes 2023Popular Schemes in Central Government:NREGA Job Card ListPMAY-U List of BeneficiariesPM Kisan Samman Nidhi Yojana
Jeetu urf jitendra
iam bpl card holder so can apply now per rentel hous my fimely steying in 15 yers bangalore ples sir sarkariyojana sindhu prashanth MY CONTCAT NO 8867601771
House finesa
Hi sir we looking home loan subsidy 7348861934
Mujhe is yojna ka labh nhi Mila hai
Ews lig home Loan chahiye hame kya karna hoga
Maine Dec 2017 ko lic hfl ka loan kiya aur pmay subsidy form bhi fill kiya lekin uski koi jankar nahi mili mujhe uska status bhi nahi mil raha hai mujhe kya krna hoga plz….
how to pmay subsidy loan please me call taken loan 7742848686
i have taken dhfl home loan oct-2016 but i have not received pmay lig scheme and my dhfl loan a/c. no. 00010757. In dhfl bless me to give written application for that process. I gave them for twice application with id proof. I also inform you i full fill all the condition for that process. pls give me resolution for that process. my contact no. +919824827342
MY SELF PRAKASH T JAGWANI I HAVE RECIEVED HOME LOAN WITH DHFL OCT-2016 AND MY LOAN A/C. NO. 00010757. I VISIT THREE TIME DHFL BRANCH AND DHFL BLESS ME TO GIVE ME AGAIN WRITTEN APPLICATION WITH ID AND ADDRESS PROOF FOR THE PMAY SUBSIDY PROCESS. AND I GAVE THEM BUT NOT RESOLUTION THAT MATTER.AND I ALSO INFORM YOU THAT I FULL FILL ALL THE CONDITION PMAY. WHAT CAN I DO NOW FOR GET BENEFIT OF SUBSIDY. AND MY CONTACT NO: +919824827342
hii
sir mai PMAY form kaise bhru plz reply
EX ARMY HUM DEKH RAHE HEIN .PRATHI NE PARTY BODLI KI HEIN. LEKIN JAMIR KOUN BADLENGE. GOVTMNT KYA KAREGI SUBHIDHA DENE WALE TO GRASS LEVEL MEI HAjiR HEIN.
JOB TAK PANCHAYET LEVE POD EK AISA LAKIR KA FAKIR NA KHANE DUNGA NA KHAUNGA
wale FARISTE hi gain panchayet ko bacha sakenge
My name is M.ravindra iam taken loan in DHFL bank September 2017 my pmay application number is 1560313 still iam not received any subsidy still now sir what to do please reply
हमारे देश के प्रधानमंत्री माननीय नरेंद्र मोदी जी से एक रिक्वेस्ट है की उनको एक बहुत बड़ा कदम उठाना चाहिए कदम यह है कि जिसने पूरे भारत में 10 साल 15 साल 20 साल 25 साल 30 साल 40 साल से मुकदमा चल रहा है उसको खत्म किया जाए मैं रामाज्ञा चौहान ग्राम चिचोली पोस्ट बगड़ी खजनी जिला गोरखपुर उत्तर प्रदेश जब से मैं अपनी होश संभाला हूं तब से अभी हमारे घर मुकदमा चल रहा है तारीख पे तारीख तारीख पे तारीख चल रहा है धन्यवाद जय हिंद जय भारत
Dear/ sir how to not apply pmay subsidy Gic housing gurgaon branch bank wale bolte Hai aap ko subsidy nahi milega plz help me sir 9871918407 9873291922
Dear sir my all family first lig home March 2017 new property purchase already received home loan from Gic housing branch 10lac but subsidy not received Pradhan mantri awas yojana Sir whet can I do in this regard and how to apply subsidy sir plz call me 9871918407 9873291922
Dear sir Pradhan mantri awas yojana home loan ka subsidy kaise milega plz sir reply me my mob no.9871918407 9873291922
Sir, I already received home loan from my home sbi branch Rs.10 lac. but subsidy not received to till date under Pradhan Mantri Awass Yojna. Sir, What can I do in this regard and how to apply subsidy?
Dear respected PM SIR ,
Rajasthan India ,
Me Aayush singh S/O Gopal singh
P no 75 new kharda colony sirsi road bhankrota jaipur Rajasthan
302026
SIR I am a so poor family person ! B P L familiar ! I have an medical card no mc/sn2/78
chayan suchi kramank 4834 issue date 1-8-06 par muje BPL WALE LABH NAHI MIL RAHE
Meri family per saat aath lakh ka karza ho raha hai or karze wale subah saam pareshan karte hai !
Or mere makan per koi loan bhi nahi de raha hai kyuki vo Dada ji ke naam hai or panchayat ka patta hai jis per loan bhi nahi ho raha hai !
Madam mera pura parivar Kai saalo se keval or keval B J P ko hi vote deta hai or deta rahe gaa ! chahe fir kaisa bhi member hamare area se Bjp se khadaa hua ho !
Madam ghar me kisi ki bhi achi naukari bhi nahi hai!
Do Chote bhai hai unki Saadi karwani hai per rupeeyo ke abhav ke kaaran vo bhi nahi karva paa rahe hai !
Kripya is mude per Apna dhyan kendrit kare or ek garib parivar ki madad kijiye ! Or kam intereste rate par Rs 15,00,000 loan ki vyavshta karvaye aapki ati kripya hogi ! Garib parivar ki Bhai hogi !
Rajasthan aap ki pahchan !
Dhanyavaad
Aayush Singh Chauhan
9950330007
hi sir ,
my self Prashant D Rathod i am from :karnataka:state, Dist:Gulbarga pin no: 585101
i need home loan Rs 1500000 lacks which bank shall i go apply pradhan mantri aavas yojona home loan with subsidy,
Dear sir I am prabhu.my property location is Abdullapuram,v no.109 venpakkam.Thiruvannanallai dist., My property is eligible or not eligible for PMAY Home loan subsidy .pls reply me.my no is 9962011700
DEAR SIR ,
LET ME KNOW HOW CAN I TAKE THE BENEFIT OF GOVT SCHEME PM MODI I NEED THE LOAN OF RS.1500000 REGARDS
Aayush Singh Chauhan
9950330007
Sir I wnt loan so Pls. ….
DEAR SIR ,
LET ME KNOW HOW CAN I TAKE THE BENEFIT OF GOVT SCHEME PMAJ I NEED THE LOAN OF RS.1200000/- FOR 15 YEARS .
LET ME KNOW THE RITE PROCEEDURE
HOPE U WILL REVERT ME SOON
REGARDS
PARDEEP GUPTA
9469191120
SIR I AM A VERY POOR MAN AND I HAVE ANY HOME PLEASE PROVIDE ME LOAN ON LOWEST INTEREST RATE AS SOON AS POSSIBLE
PLOT NO 75 NEW KHARDA COLONY SIRSI ROAD BHANKROTA JAIPUR RAJSTHAN
PINCODE 302026
MOBILE NO 9950330007
Dear sir
i am veeresh i sating form holagundi bellary Karnataka .sir please my request for home loan my mobile number is 9036665999 pls reply me sir.
Dear Sir
I want to Home loan
But sir I’m very poor please helped me sir and you take my details
village.Bosla P.O.Marjakandi P.S.Badurpur. DT.Karimganj.
Road.Bosla
pin no.788701
Mb.No. 7086622567
mujhe 3 lakh ka loan chaihiye
Hi
Sir,
I have taken loan in Dec 2016. and how do I take benefit of this scheme?
how can i apply the loan sir…i ask sbi they no response for poor people..
modiji given to lot of yojana but not use or poor people…please help to poor people…
Sir I’m manjunath how to apply the lone sir please inform to me my no. 9980794769
Belong to be a BPL family Karnataka karwar
Sir I’m manjunath how to apply the lone sir please inform to me my no.9980794769
Belong to be a BPL family Karnataka karwar
Sr I’m bhuvana I need home loan pls help me
Sir I’m aayush singh chauhan how to apply the lone sir please inform to me my no. 9950330007
Belong to be a BPL family Rajasthan jaipur
Sir I want the home loan plz contact no 9731461258
How to procedure and what is the document needs plz help me for home loan