Affordable Housing Schemes in India: Complete Guide for Buyers
Updated At: 2026-06-29 19:59
India's Affordable Housing Push
If you earn below ₹18 lakh per year, you may be eligible for significant interest subsidies through government housing schemes.
PMAY (Pradhan Mantri Awas Yojana)
- EWS (income up to ₹3 lakh): Subsidy on loans up to ₹6 lakh at 6.5%
- LIG (income ₹3–6 lakh): Subsidy on loans up to ₹6 lakh at 6.5%
- MIG-I (income ₹6–12 lakh): Subsidy on loans up to ₹9 lakh at 4%
- MIG-II (income ₹12–18 lakh): Subsidy on loans up to ₹12 lakh at 3%
How to Apply
Applications for PMAY can be submitted on the PMAY portal (pmaymis.gov.in) or through your bank when applying for a home loan.
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