PMAY Home Loan Subsidy Scheme 2024 (CLSS) for EWS / LIG – Complete Details

Home Loan Credit Linked Subsidy Scheme 2024 (CLSS) under Pradhan Mantri Awas Yojana - Urban (PMAY-U) available for EWS & LIG category people, know the subsidy amount, interest rates & how to apply

PMAY Home Loan Subsidy Scheme 2024 (CLSS) for EWS / LIG – Complete Details

PMAY Home Loan Subsidy Scheme EWS LIG

आर्थिक रूप से कमजोर वर्ग और निम्न आय वर्ग के लोगों के लिए प्रधान मंत्री आवास योजना शहरी के अंतर्गत होम लोन सब्सिडी अब उपलब्ध है, जानिये कैसे मिलेगा घर के लिए कर्ज, क्या होंगी शर्तें

PMAY Home Loan Subsidy Scheme 2024 for EWS / LIG Category: Pradhan Mantri Awas Yojana home loan subsidy scheme for EWS (Economically Weaker Section) and LIG (Lower Income Group) 2024 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 2024

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%

PMAY Home Loan Banks Under CLSS for EWS/LIG

Loan AmountLoan Amount eligible for SubsidyInterest SubsidyBalance LoanInitial EMI @10%Reduced EMI after credit-ing the SubsidyMonthly savingsAnnual Savings
PMAY EWS/LIG Home Loan Subsidy

Eligibility for CLSS for EWS/LIG

PMAY Housing Loan Subsidy Scheme Guidelines

CriteriaExisting Instructions(CLSS – EWS +LIG)Revised Instructions (CLSS – EWS +LIG)
Household/ Annual Income (Rs)Upto Rs. 6 lakhsUpto Rs. 6 lakhs
Property Area (Carpet Area)30/60 sqm30/60 sqm
Location17778 towns17778 towns
Woman OwnershipYes (except for construction)Yes (except for construction)
Max Loan Amt for SubsidyUpto 6 lakhsUpto 6 lakhs
Subsidy %6.50%6.50%
Subsidy AmountRs. 2.20 lakhsRs. 2.67 lakhs
Max term of loan (on which subsidy will be calculated)15 yrs20 yrs
Property should be Family’s1st home1st home
ApplicabilityLoans approved on/after 17/06/2015Loans approved on/after 01/01/2017
PMAY Housing Loan Subsidy Scheme for EWS / LIG

The detailed guidelines of the CLSS for EWS/LIG scheme are available at below link

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 and 60 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

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