Do you qualify for PMAY?
Five quick questions. If you qualify, we’ll tell you how much subsidy you’re owed — the government won’t volunteer it.
What is your annual household income?
Include income of all earning members in your family
Official Criteria
Based on PMAY Urban 2.0 guidelines
60-Second Quiz
Five questions, instant verdict
Advisor-Backed
We help you apply if eligible
Everything About the PMAY Subsidy
Answers to the most common questions about the Pradhan Mantri Awas Yojana home loan interest subsidy.
What is PMAY (Pradhan Mantri Awas Yojana)?
PMAY is a government scheme that provides interest subsidies on home loans for first-time home buyers. Depending on your income category (EWS, LIG, MIG-I, MIG-II), you can get an interest subsidy of 3% to 6.5% on a portion of your home loan, saving lakhs over the loan tenure.
Who is eligible for PMAY?
You are eligible if your annual household income is under Rs 18 lakhs, you or your family do not own a pucca house anywhere in India, and the property meets the carpet-area limits for your income category. The quiz walks you through each criterion.
What are the four PMAY categories?
EWS (Economically Weaker Section) — income up to Rs 3 lakhs. LIG (Low Income Group) — Rs 3–6 lakhs. MIG-I (Middle Income Group I) — Rs 6–12 lakhs. MIG-II (Middle Income Group II) — Rs 12–18 lakhs. Each category has different subsidy rates, carpet-area limits, and maximum subsidy-eligible loan amounts.
How much can I save with PMAY?
Savings depend on your category and loan amount. EWS/LIG borrowers can save up to Rs 2.67 lakhs. MIG-I borrowers up to Rs 2.35 lakhs. MIG-II borrowers up to Rs 2.30 lakhs. The subsidy is applied upfront to reduce your principal, which lowers your EMI for the full tenure.
Is the woman co-owner bonus real?
Yes. For EWS and LIG categories, having a female family member as the primary or joint owner is mandatory for the subsidy. For MIG categories, it is recommended but not mandatory. This is designed to promote women's homeownership.
Can I apply for PMAY directly?
No. PMAY subsidy is applied through a PMAY-linked lender (banks or HFCs approved under the Credit Linked Subsidy Scheme). You apply for a home loan as usual, and the lender processes the subsidy claim on your behalf via NHB or HUDCO.
Is PMAY still active in 2026?
PMAY Urban 2.0 was launched in 2024 and remains active. Eligibility and subsidy rates are periodically revised. Our quiz uses the latest published parameters, but always confirm with your lender or our advisors before finalising your loan.
Does this quiz guarantee approval?
No. The quiz gives you an accurate self-assessment based on official eligibility criteria, but final approval depends on lender verification of your income, property documents, and credit profile. It is a strong first-pass filter before you invest time applying.
Eligible for PMAY? Let us apply for you.
We work with PMAY-linked lenders and handle the subsidy paperwork end-to-end. No fees, no forms to chase — just the subsidy credited to your loan.