Interest Subsidy Benefits

Interest Subsidy Benefits under Pradhan Mantri Awas Yojana

Credit Linked Subsidy Scheme (CLSS) Household Income (INR) Maximum Carpet Area*** Purpose of Loan Maximum loan amount eligible for subsidy (INR) Maximum subsidy (INR) Interest subsidy Tenure
EWS* 0 – 3,00,000 30 sqm Home purchase/
construction/improvement		 6,00,000 2.67 lac 6.50% 20 yrs
LIG* 3,00,000 – 6,00,000 60 sqm Home purchase/
construction/improvement		 6,00,000 2.67 lac 6.50% 20 yrs
MIG 1** 6,00,000 – 12,00,000 160 sqm Home purchase/
construction/improvement		 9,00,000 2.35 lac 4.00% 20 yrs
MIG 2** 12,00,000 – 18,00,000 200 sqm Home purchase/
construction/improvement		 12,00,000 2.30 lac 3.00% 20 yrs

**MIG – 1 & 2 loan should be approved on/or after 1-1-2017

  • Interest subsidy benefit is calculated on a NPV discount rate of 9%.

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