Pradhan Mantri Awas Yojana

To provide interest subsidy through central sector scheme for acquisition/construction of house (including re-purchase) to cater to the Middle Income Group (MIG).

Term loan

  • Maximum of Rs. 9,00,000 – MIG1
  • Maximum of Rs. 12,00,000 – MIG2


A beneficiary family will comprise of husband, wife, unmarried sons and/or unmarried daughters. An adult earning member (irrespective of marital status) can be treated as a separate household :

  • Provided that he / she does not own a pucca (an all weather dwelling unit) house in his / her name in any part of India.
  • Provided that the family should not have availed of central assistance under any Housing scheme from Government of India.
  • Provided also that in the case of a married couple, either of the spouse or both together in joint ownership will be eligible for a single house, subject to income eligibility of the household under the scheme.

Margin :

  • Construction and improvement in the existing house – 25%

Repayment :

  • Maximum - 30 years

Security :

  • Equitable Mortgage of the Land / House / Flat purchased/ constructed/ acquired under the Loan and the improvements/ additions thereto.

Interest :

Fees & Charges

  • For the loan amount eligible for interest subsidy is NIL.
  • Additional amount beyond the aforementioned specified limit - 0.50% of the additional Limit Sanctioned plus Taxes as applicable.