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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