Key Benefit Summary: Up to ₹1.80 Lakhs Interest Subsidy under the PMAY-U 2.0 Interest Subsidy Scheme (ISS).
📌 Latest status & updates — PM Awas Yojana Urban 2.0
Checked 1 Oct 2026 · Payment calendar · Check eligibility
Latest articles
- ग्रामीण आवास न्याय 2026 · 23 Oct 2026
- PMAY Urban 2.0 Subsidy 2026 · 30 Sep 2026
- PM Awas Yojana 2.0 List · 27 Sep 2026
1. Policy Overview & Objectives
Pradhan Mantri Awas Yojana-Urban 2.0 provides a 4% interest subsidy on the first ₹8 Lakhs of a home loan for up to 12 years, capped at ₹1.80 Lakhs, under the new Interest Subsidy Scheme (ISS) that replaced the older CLSS (which stopped accepting new applications in March 2022).
2. Key Highlights & Parameters
Maximum Interest SubsidyUp to ₹1.80 Lakhs (ISS, effective from Sept 2024)
Subsidized Interest Rate4% p.a. on the first ₹8 Lakhs of loan, up to 12 years
Loan & House Value CapsMax loan ₹25 Lakhs; max house value ₹35 Lakhs; carpet area up to 120 sq.m.
3. Eligibility Criteria
- Family must not own a pucca house anywhere in India.
- Annual household income: EWS ≤ ₹3 Lakhs, LIG ₹3-6 Lakhs, MIG ₹6-9 Lakhs.
- Applies to home loans sanctioned and disbursed on or after 1 September 2024.
4. Mandatory Documents Required
Aadhaar Card
All family members.
5. Step-by-Step Application Process
1
Apply Online
Visit pmay-urban.gov.in and check ISS eligibility with your lender.
6. Interactive Policy Calculator
Calculate Benefits for PM Awas Yojana (PMAY)
Use our updated 2026 mathematical algorithm with latest rates.
Launch PM Awas Yojana (PMAY) Calculator →7. Frequently Asked Questions (FAQs)
The interest subsidy is credited to the borrower's loan account, reducing the effective interest burden over the loan tenure.
Researched & Verified By
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Rajesh Kumar
Senior Policy Analyst & Certified Financial Planner | M.A. Public Administration (DU) | Certified Financial Planner (CFP)