Pradhan Mantri Awas Yojana Loan Scheme 2021 – Tenure Increased to 20 Years under CLSS for EWS, LIG & MIG

Pradhan Mantri Awas Yojana loan scheme 2021 tenure for EWS, LIG, MIG is max. 20 years, new PMAY Urban (PMAY-U) Loan Tenure under credit linked subsidy scheme component has been announced
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Pradhan Mantri Awas Yojana Loan Scheme 2021 Tenure: Central government cabinet has approved the extension of the loan tenure under the Credit Linked Subsidy Scheme component of Pradhan Mantri Awas Yojana – Urban. The loan tenure which was earlier maximum 15 years has been extended to 20 years, means lower EMI’s for the home loan borrowers. In addition to CLSS for EWS, LIG Category, the government has also introduced a new CLSS loan scheme for the middle income group of the society.

Pradhan Mantri Awas Yojana Loan Scheme Tenure for MIG

CriteriaCLSS (MIG-I)CLSS (MIG-II)
Household/ Annual Income (Rs)Rs. 6.01-12.00 lakhsRs. 12.01-18.00 lakhs
Property Area (Carpet Area ## )160sqm200sqm
LocationUrban -2011*Urban -2011*
Woman OwnershipNANA
Max Loan Amt for SubsidyUpto 9 lakhsUpto 12 lakhs
Subsidy %4%3%
Subsidy AmountRs. 2.35 lakhsRs. 2.30 lakhs
NPV9%9%
Max term of loan (on which subsidy will be calculated)20 yrs20 yrs
Property should be Family’s1st home**1st home**
ApplicabilityLoans approved on/after 01/01/2017Loans approved on/after 01/01/2017
PMAY Loan Scheme MIG Tenure

PMAY Loan Scheme 2021 for MIG

The government has made a huge budgetary allocation for the proposed Credit Linked Subsidy Scheme for Economically Weaker Sections (EWS), Lower Income Group (LIG) and Middle Income Group (MIG).

Now along with EWS / LIG category people, the middle income group of the society can also take home loans under the PMAY-U. If they are found eligible by the primary lending institutions, the interest subsidy will be credited to the home loan account of the beneficiaries.

The new Pradhan Mantri Awas Yojana loan scheme for Middle Income Group of the society will help reach the PMAY-U benefits to a larger group and help strengthen the mission of housing for all by 2022.

Recently Narendra Modi has also announced increase in the loan amount under PMAY from 6 lakh to 12 Lakh. Read the complete details about PMAY home loan subsidy / interest rates which were announced by Narendra Modi.

The government is inviting online applications for PMAY-U through two modes, first is assessment application through pmaymis.gov.in and second is through the common service centers across the country.

The complete details of the release about the amendment in CLSS for EWS/LIG and introduction of CLSS for MIG is available.

PMAY EWS / LIG Loan Scheme Tenure

The latest Pradhan Mantri Awas Yojana Loan Scheme Tenure for EWS / LIG Category people is as follows:-

Central Government Schemes 2021केंद्र सरकारी योजना हिन्दीPopular Schemes in Central:PM Awas Yojana Gramin (PMAY-G)Pradhan Mantri Awas YojanaSECC-2011 BPL List | नयी Final BPL लिस्ट

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 sqm*30/60 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
NPV9%9%
Max term of loan (on which subsidy will be calculated)15 yrs20 yrs
Property should be Family’s1st home**1st home**
Validity20222022
ApplicabilityLoans approved on/after 17/06/2015Loans approved on/after 01/01/2017
PMAY Loan Scheme EWS LIG Tenure

How to Apply for PMAY-U Loan Scheme

The eligible beneficiaries of PMAY can directly contact the banks and lending institutions to avail the housing loan under the scheme. The loan facility under Pradhan Mantri Awas Yojana Loan Scheme is being provided by several banks and non banking finance companies as listed at the link here – https://sarkariyojana.com/list-pmay-home-loan-banks-housing-finance-companies/

For more details, visit the official website of Pradhan Mantri Awas Yojana Urban at https://pmaymis.gov.in/

112 thoughts on “Pradhan Mantri Awas Yojana Loan Scheme 2021 – Tenure Increased to 20 Years under CLSS for EWS, LIG & MIG”

  1. Hi modi sir.
    Hamara too bacha hi or hum gareeb kisan hi eseleya huema apka Matad jayiea. hosakya do humabe aapka matad kyegeya.

    Hamara no 6009980312

    Reply
  2. Modi sir ji namaskar sir mei ek gareeb Aadmi kiraye ke ghar mein rehta hoon Jo Dena muskil hota hai sir mujhe ek Ghar chahiye aapki bohot bohot kirpa hogi sir ji

    Reply
  3. dear sir modi ji
    mera naam deepu singh hain aur main madiyao lucknow uttar pradesh me rahta hun sir mere pass rahene ke liye makan nahi hai kiraye pe rahta hun aur sir hum log bahut hi gareeb hai hum 4 log hain mummy papa bhai…
    aur nahi koi sarkari naukari bhi hai jo hum log ek apne liye makan banva sake aur aap chahe to mera pura backgrond bhi cheak kar sakte hain sir pls mughe ek makan provide kara dije main hamesha aap ki hi party ko vote deta hun aur deta rahunga ye mera no hai 9044543285,, pls call me and reaply

    Reply
  4. dear modi sir
    main deepu singh s/o visheshwar singh madiyao me rahta hum 4 log hain aur hum logo ke pass apna rahene ke liye home nahi hain kiraye pe rahte hain aur sir hum log bahut hi gareeb hai aap chahe to mera pura deta le sakte hain matlab mera background bhi dekh sakte hain uske baad hi aap kuch kare mere liye aap ne sir kaha hai ki sab ke pass apna makan hoga aur sir itna paisa nahi hain ki kahi bhi hum jamin ya makan le sake aap se hi umeed hain aap kuch kare mere liye aur main abhi 22 year old hun lekin mere upar bahut hi pareshani hain so pls aap mughe ek chhat dila dije….. ye mera no hain 9044543285 pls call me and reaply sir

    Reply
  5. I HAVE AVAILED AHOME LOAN FROM SBI OF RUPEES 10 LAKH MY ANNUAL INCOME IS 398000 CARPET AREA OF MY HOUSE IS 64 METRE SQUARE IS I AM ELIGIBLE T0 APPLY OR NOT (APPLICANT IS WOMAN&BELONGS TO
    MINORITY CUMMUNITY)

    Reply
  6. Hello,

    Dear Modi ji I’m veer kumar. I want to say that we are very poor and I Annabel to build my home and I’m single too more responsibility and I need loan subsidy for Home insurance request you.

    Thanking you in advance
    Veer.
    Mobile no-9015919943

    Reply
  7. Hello,

    Dear Modi ji I’m Purnima I’m final year College student. I want to say that we are very poor and I Annabel to build my home and I’m single daughter child too more responsibility and I need loan subsidy for Home insurance request you.

    Thanking you in advance
    Purnima.
    Mobile no-9871583006

    Reply
  8. Modi ji se Guzarish Hai Sar mein bahut bahut Gareeb Hoon mere ko aap apna Ghar Chahiye Aap Ne Kaha Tha Har Ghadi Woh Apna Ghar Hoga ghar mein Apna Ghar Mein Rehta Delhi Delhi Budh Vihar Phase 1 thank you sir

    Reply
  9. Sir,
    kindly arrange a home for my family near of kolkata because i can not pay rent of my rented house.I am ready to pay the minimum of emi rs.2000 to 2500 as EMI. My Mobile No.9874854475
    Thanking You
    Raju Dey

    Reply

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