Pradhan Mantri Awas Yojana 2025: Key Insights
The Pradhan Mantri Awas Yojana (PMAY) can help reduce loan costs through credit-linked subsidies for eligible families in 2025.
Eligible families can receive a subsidy of Rs. 2.67 lakh on home loans, which is credited to their loan account to reduce the principal, resulting in smaller EMIs.
Eligibility and Benefits
PMAY serves households with no pucca homes in India, with eligibility and benefits linked to annual income:
- EWS (up to Rs. 6 lakh): Eligible for a Rs. 2.67 lakh subsidy on home loans in 2025 under CLSS.
- MIG-I (Rs. 6–12 lakh) and MIG-II (Rs. 12–18 lakh): Households in these income brackets are eligible for a lower interest subsidy.
No additional text to quote.
Author's summary: PMAY helps eligible families reduce loan costs.
More News
- Lyn Gardner: Celebrity casting isn't going to kill theatre – give audiences more credit
- FTSE Rises Ahead of BoE Decision - Investomania
- Arc Raiders Roadmap shows promise of wonderful things to come | Club386
- Teledyne completes acquisition of TransponderTech
- Canada to fast-track $4.56bn critical minerals projects
- Despite predictions, voters support Javier Milei
- CPS announces charges against man following incident on LNER train from Doncaster to London | The Crown Prosecution Service