🧮 Interactive Calculator Workbench
How PM Awas Yojana Works — Step by Step
Your family should not own any pucca house in India and should fall under EWS/LIG/MIG income brackets (up to ₹9 Lakhs annual income).
Avail a home loan sanctioned and disbursed on or after 1 September 2024 from any PMAY-U 2.0 registered bank, HFC, or MFI.
The lender applies for the Interest Subsidy Scheme (ISS). The NPV of the 4% interest subsidy on the first ₹8 Lakhs is credited to your loan account upfront, reducing your EMI.
Your EMI is calculated on the reduced principal (after subsidy). Enjoy lower monthly outflow for the full tenure.
Frequently Asked Questions
EWS: Annual household income ≤ ₹3 Lakhs. LIG: ₹3L – ₹6L. MIG: ₹6L – ₹9L (updated PMAY-U 2.0 brackets).
No. The original CLSS scheme (with ₹2.67 Lakh subsidy and MIG-I/MIG-II slabs) stopped accepting new applications in March 2022. It has been replaced by the PMAY-U 2.0 Interest Subsidy Scheme (ISS), effective from September 2024.
EWS and LIG applicants must have the property in the name of the female head of the family, or jointly with the male head.
SBI, PNB, Bank of Baroda, HDFC, LIC HFL, and most nationalised banks are PMAY-U 2.0 registered lenders.
This calculator uses 2026 official government gazette rates and standard financial formulas. Results are highly accurate for planning purposes. Always confirm final numbers with the respective bank, insurer, or government portal before making financial commitments.
No. All PolicyVani calculators are 100% free, require no registration, no login, and no personal data.