Pradhan Mantri Awas Yojana 2025: Key Insights
The Pradhan Mantri Awas Yojana (PMAY) can lower your loan cost through the credit-linked subsidy if you plan to buy, build, or upgrade a home in 2025.
For eligible families, the headline benefit is the Rs. 2.67 lakh subsidy on home loans in 2025, credited to your loan account and used to reduce the principal, resulting in a smaller EMI from day one.
You can apply online or offline and track your status easily.
Eligibility
PMAY serves households with no pucca homes anywhere in India. Eligibility and benefit slabs are linked to your annual income:
- EWS (up to Rs. 6 lakh): These households are eligible for a Rs. 2.67 lakh subsidy on home loans in 2025 under CLSS.
- MIG-I (Rs. 6–12 lakh) and MIG-II (Rs. 12–18 lakh): For such households, the interest subsidy is lower, but you still apply through the same route.
Author's summary: PMAY offers subsidies on home loans.
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