Government Subsidies

PMAY Subsidy Calculator

Calculate the exact upfront interest subsidy you will receive under the Pradhan Mantri Awas Yojana based on your income group.

Applicant Details

Combined income of husband, wife, and unmarried children.

20

Max 20 yrs used for subsidy calc.

Eligibility Criteria

Category

EWS / LIG

Interest Subsidy

6.5%

Max Carpet Area

60 sqm

Eligible Loan

6L

Subsidy Estimate

Upfront Subsidy Amount

₹2,67,280

Original Loan Amount₹15,00,000
Govt Subsidy Credit-₹2,67,280
Effective Loan to Repay₹12,32,720

How the PMAY Subsidy Works

The Pradhan Mantri Awas Yojana (PMAY) Credit Linked Subsidy Scheme (CLSS) is designed to make housing affordable. It does not hand you cash. Instead, the government calculates the NPV (Net Present Value) of the interest subsidy and credits it directly to your loan account upfront.

  • Direct Principal Reduction: If you take a loan of ₹15 Lakhs and get a subsidy of ₹2.67 Lakhs, the bank immediately reduces your principal. Your new EMI is calculated only on the remaining ₹12.33 Lakhs, drastically reducing your monthly burden.
  • First Home Rule: To be eligible, you or your immediate family (husband, wife, unmarried children) must not own a pucca house anywhere in India.
  • Women Ownership: For the EWS and LIG categories, it is mandatory that the property is co-owned by a female member of the family.