Pradhan Mantri Awas Yojana Subsidy Calculator

Rs. 10 K Rs. 1 Cr
1 360

Subsidy catagory : EWS/LIG

Economical Weaker section/Lower Income group

Subsidy Amount


Kindly refer the scheme guidelines for more details on the scheme and eligibility.

What is PMAY?

The Pradhan Mantri Awas Yojana (PMAY) was launched in 2015 by the Government of India to boost home ownership in the country. Under this mission, a Credit Linked Subsidy Scheme (CLSS) was launched to provide interest subsidy on home loans availed for purchase/construction/extension/improvement of a house.

Who is eligible for PMAY?

There are three conditions of being eligible for PMAY:

  1. The beneficiary family should not own a pucca house in his/her or in the name of any member of his/her family in any part of India.
  2. In case of married couple, either of the spouse or both together in joint ownership will be eligible for a single subsidy.
  3. The beneficiary family should not have availed of central assistance under any housing scheme from Government of India or any benefit under any scheme in PMAY.

What is a PMAY Subsidy Calculator?

The PMAY Subsidy Calculator helps you gain a better understanding of the subsidy you can get under PMAY.

How to use a PMAY Subsidy Calculator?

  1. Enter your loan amount.
  2. Enter the tenure of your loan.

Accordingly, the subsidy amount for which you are eligible, will be displayed.

What are the different categories under PMAY?

Category Annual Income Maximum Subsidy Scheme Validity
EWS and LIG Less than equal to ₹6,00,000. ₹2.67 lakh 31/03/2022
MIG I Between ₹6,00,000 and ₹12,00,000. ₹2.35 lakh 31/03/2021
MIG II Between ₹12,00,000 and ₹18,00,000. ₹2.30 lakh 31/03/2021

How is PMAY subsidy calculated?

The subsidy amount is taken as the Net Present Value (NPV) of the interest subsidy amount. NPV is calculated at a discount rate of 9%.