PMAY-Urban 2.0 2026: Eligibility, Benefits & How to Apply
Help for urban EWS, LIG and MIG families to build, buy or rent a home, including an interest subsidy on home loans.
Benefit
Under the Interest Subsidy Scheme: a 4% interest subsidy on the first ₹8 lakh of a home loan, up to ₹1.80 lakh, paid in five yearly instalments. EWS families building on their own land can get construction assistance under the Beneficiary-Led Construction vertical.
Who is eligible
- Urban families in the EWS (annual income up to ₹3 lakh), LIG (₹3–6 lakh) or MIG (₹6–9 lakh) categories.
- The family must not own a pucca house anywhere in India.
- For the interest subsidy: home loan up to ₹25 lakh, for a house worth up to ₹35 lakh.
Who is not eligible
- Families with annual income above ₹9 lakh.
- Families that already own a pucca house in India or have taken a housing benefit under another government scheme.
Documents you need
- Aadhaar card of all family members
- Income certificate or proof
- Bank account details
- Property and loan documents (for interest subsidy)
How to apply
- Apply on the official PMAY-Urban portal, or through your bank or housing finance company for the interest subsidy.
- Choose the right vertical: Beneficiary-Led Construction, Affordable Housing in Partnership, Affordable Rental Housing, or Interest Subsidy.
- Submit Aadhaar and income details for verification.
Official website: pmay-urban.gov.in. Check the official portal or your lender for current subsidy terms before taking a loan.
Administered by the Ministry of Housing & Urban Affairs. You can also search all central and state schemes on the government's myScheme portal.
Frequently Asked Questions
What is the income limit for PMAY-Urban 2.0?
Up to ₹9 lakh per year: EWS up to ₹3 lakh, LIG ₹3–6 lakh, and MIG ₹6–9 lakh.
How much is the PMAY 2.0 home loan subsidy?
A 4% interest subsidy on the first ₹8 lakh of the loan, up to ₹1.80 lakh, released in five yearly instalments.
Can I get PMAY if I already own a house?
No. The family must not own a pucca house anywhere in India.
Find other schemes you may qualify for
Answer a few questions in our government schemes eligibility finder.
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