The Pradhan Mantri Awas Yojana (PMAY) Credit-Linked Subsidy Scheme (CLSS) provides direct interest subsidies to first-time home buyers in urban and rural areas.

Income Categories & Subsidy Structure

• EWS (Economically Weaker Section): Annual income up to ₹3 Lakh. Up to 6.5% interest subsidy on loan amounts up to ₹6 Lakh.
• LIG (Low Income Group): Annual income between ₹3 Lakh to ₹6 Lakh. Eligible for 6.5% interest subsidy.
• MIG I & II: Tailored interest subsidies for middle-income families purchasing their first residential dwelling.

Key Eligibility Conditions

The applicant or any family member must not own a pucca house anywhere in India, and female ownership (or co-ownership) is mandatory for EWS/LIG categories.