April 16, 2018

Who is eligible for Pradhan Mantri Awas Yojana (PMAY)?

With the mission of “Housing for All”, Government of India started the Pradhan Mantri Awas Yojana (PMAY). However, there are many doubts for loan seekers like who is eligible for Pradhan Mantri Awas Yojana (PMAY)? What is the eligibility to apply under Pradhan Mantri Awas Yojana (PMAY)?

Note:-Refer our latest post on Pradhan Mantri Awas Yojana’s eligibility at “Who is eligible for Pradhan Mantri Awas Yojana (PMAY) 2020?

In this post, let me clear all those doubts by discussing about who is eligible for Pradhan Mantri Awas Yojana (PMAY).

Schemes under Pradhan Mantri Awas Yojana (PMAY)

Currently, there are three schemes under which you can apply for Pradhan Mantri Awas Yojana (PMAY). They are as below.

  • EWS (Economically Weaker Sections)/LIG (Low Income Group)
  • CLSS (MIG-I)
  • CLSS (MIG-II)

Who is eligible for Pradhan Mantri Awas Yojana (PMAY)?

Now let us discuss the eligibility of the applicant for Pradhan Mantri Awas Yojana (PMAY) under each such scheme separately.

# Eligibility of Pradhan Mantri Awas Yojana (PMAY) under EWS/LIG Scheme

  • You/your family/household should not own a pucca house in any parts of the country either in his name or any of his family member’s name
  • One adult female membership is mandatory in the property ownership.
  • The property should be co-owned by a female member of the family. However, this condition will not be made mandatory in cases of construction of house on an existing plot or extension/renovation of existing Kuccha/Semi-pucca house.
  • Location of the property should fall under all statutory towns as per 2011 census and their adjacent planning area (updated by the government from time to time).
  • Here, family means husband, wife, unmarried sons and/or unmarried daughters.
  • Whoever applying under EWS scheme must have an annual income up to Rs.3 lakhs.
  • Whoever applying under EWS scheme must have an annual income between Rs.3 lakhs to Rs.6 lakhs.
  • The scheme will be for the period of 17th June 2015 to 31st March 2022.
  • The carpet area of the house under these Schemes should up to 30 sq. mts. for EWS beneficiaries and upto 60 sq. mts. for LIG beneficiaries.
  • Meaning of Carpet Area-The net usable floor area of an apartment, excluding the area covered by the external walls, but includes the area covered by internal partition walls of the apartment.
  •  This scheme is available for housing loans availed for acquisition/construction of house and repair/extension of Kucha/Semi Pucca house.
  • The maximum term of the loan is 20 years.
  • The maximum age limit is 70 years of age, at the end of the repayment period.
  • In the event of default in repayment of the loan by the borrower/beneficiary to the Bank and the loan becoming
    Non Performing Assets(NPA), the Bank will proceed for recovery of dues through such measures as considered
    appropriate, including foreclosure of the property. In all such cases, the amount of the recoveries will be
    charged to the subsidy amount on a proportionate basis(in proportion to the loan outstanding and subsidy
    disbursed).

# Eligibility of Pradhan Mantri Awas Yojana (PMAY) under CLSS (MIG-I) Scheme

  • You must not own a pucca house either in his/her name or in the name of any member of his/her family in any part of India.
  • You must not have availed any central/state assistance under any housing scheme from Government of India ever.
  • Adult female membership ownership in property is desirable.
  • Location of the property should fall under all statutory towns as per 2011 census and or adjacent planning area (updated by government time to time).
  • The credit linked subsidy @ 4% will be available for loan amount up to Rs.9 lakhs in case of MIG-I. However, the Banks can sanction Home Loans more than Rs.9 lakhs but the subsidy will be restricted to Rs. 9 lakhs only.
  • Loan tenure is 20 years. However, Banks can sanction loans for a maximum tenor of 30 years but the loan has to be repaid before the borrower attains the age of 70 years.
  • You are eligible to apply for MIG-I if your annual income is from Rs 6,00,001 to Rs. 12 lakhs.
  • Here, family means husband, wife, unmarried sons and/or unmarried daughters.
  • An adult earning member (irrespective of marital status) can be treated as a separate household and can avail subsidy independently.
  • In case of married couple, either of the spouses or both together in joint ownership will be eligible for a single house subject to income eligibility of the household under the scheme.
  • The carpet area of house under this Scheme should be up to 120 sq. mts. (1292 sq ft) for MIG-I beneficiaries.
  • Meaning of Carpet Area-The net usable floor area of an apartment, excluding the area covered by the external walls, but includes the area covered by internal partition walls of the apartment.
  • Special loan offers of banks like SBI MaxGain will not be eligible for this scheme.
  • All loans accounts under the Scheme will be linked to Aadhaar.
  • Applicable in case of Repair and Renovation.
  • Total deduction from Gross income, including proposed EMI on Home Loan, not to exceed 50% of the Gross
    Income. Net take home pay should not be less than 50% of the Gross Income of the applicant/s for loan limit
    up to Rs.10 Lacs. For a loan over Rs.10 Lacs, total deduction from Income, including EMI on proposed home loan not to exceed 60% of the Gross Income of the applicant.
  • In the event of default in repayment of the loan by the borrower/beneficiary to the Bank and the loan becoming
    Non Performing Assets(NPA), the Bank will proceed for recovery of dues through such measures as considered
    appropriate, including foreclosure of the property. In all such cases, the amount of the recoveries will be
    charged to the subsidy amount on a proportionate basis(in proportion to the loan outstanding and subsidy
    disbursed).

# Eligibility of Pradhan Mantri Awas Yojana (PMAY) under CLSS (MIG-II) Scheme

  • You must not own a pucca house either in his/her name or in the name of any member of his/her family in any part of India.
  • You must not have availed any central/state assistance under any housing scheme from Government of India ever.
  • Adult female membership ownership in property is desirable.
  • Location of the property should fall under all statutory towns as per 2011 census and or adjacent planning area (updated by government time to time).
  • The credit linked subsidy @3% for Rs 12 lacs in case of MIG-II. However, the Banks can sanction Home Loans more than Rs.12 lakhs but the subsidy will be restricted to Rs.12 lakhs only.
  • Loan tenure is 20 years. However, Banks can sanction loans for a maximum tenor of 30 years but the loan has to be repaid before the borrower attains the age of 70 years.
  • You are eligible to apply for MIG-II if your annual income is from Rs 12,00,001 to Rs. 18 lakhs.
  • Here, family means husband, wife, unmarried sons and/or unmarried daughters.
  • An adult earning member (irrespective of marital status) can be treated as a separate household and can avail subsidy independently.
  • In case of a married couple, either of the spouses or both together in joint ownership will be eligible for a single house subject to income eligibility of the household under the scheme.
  • The carpet area of house under this Scheme up to 150 sq. mts. (1614 sq ft) for MIG-II beneficiaries.
  • Meaning of Carpet Area-The net usable floor area of an apartment, excluding the area covered by the external walls, but includes the area covered by internal partition walls of the apartment.
  • Special loan offers of banks like SBI MaxGain will not be eligible for this scheme.
  • All loans accounts under the Scheme will be linked to Aadhaar.
  • Applicable in case of Repair and Renovation.
  • Total deduction from Gross income, including proposed EMI on Home Loan, not to exceed 50% of the Gross
    Income. Net take home pay should not be less than 50% of the Gross Income of the applicant/s for loan limit
    up to Rs.10 Lacs. For a loan over Rs.10 Lacs, total deduction from Income, including EMI on proposed home loan not to exceed 60% of the Gross Income of the applicant.
  • In the event of default in repayment of the loan by the borrower/beneficiary to the Bank and the loan becoming
    Non Performing Assets(NPA), the Bank will proceed for recovery of dues through such measures as considered
    appropriate, including foreclosure of the property. In all such cases, the amount of the recoveries will be
    charged to the subsidy amount on a proportionate basis(in proportion to the loan outstanding and subsidy
    disbursed).

Let me explain the same using the below tabular sheet.

eligible for Pradhan Mantri Awas Yojana (PMAY) or Eligibility of PMAY

GST rate for homes purchased under the Credit-Linked Subsidy Scheme (CLSS)

Effective from 25th January 2018, if you purchased the property under the Credit-Linked Subsidy Scheme (CLSS), then the applicable GST rate will be 12%. The effective rate of 8% after deducting one-third of the amount charged for the house towards the cost of land.

What is Credit-Linked Subsidy Scheme (CLSS)?

If you purchased the property under the schemes like:-

  • Economically Weaker Sections (EWS)
  • Lower Income Group (LIG)
  • Middle Income Group-1 (MlG-1) or Middle Income Group-2 (MlG-2) under the Housing for All (Urban) Mission/Pradhan Mantri Awas Yojana (PMAY Urban).

Refer the complete post on GST for Property at “GST rate on real estate or under construction property purchase“.

Hope this post will clear the doubts about who is eligible for Pradhan Mantri Awas Yojana (PMAY) or eligibility conditions for Pradhan Mantri Awas Yojana (PMAY).

848 Comments

  1. I and my mother have bought a new flat and have applied for PMAY, for which we are eligible too.
    I had a query regarding the declaration form, where they need a picture of full family in front of flat and the building, but my father is not staying with us here, so will they accept a photo of me and my mother(owner and co-owner) as full family?

    Reply
      • Hdfc bank, they submit on behalf of us

        Reply
  2. My Mother In Law and 2 unmarried Brother in-laws want to apply for a joint home loan.
    But the bank says that 2 brothers cannot qualify for a household and hence not eligible for PMAY

    Reply
  3. What is the date for calculation of existing plot of land in case of construction? Is there any particular date for this? Suppose a person purchase a land after introduction of pmay scheme and took a loan in 2019 or 2020 for construction, is he eligible to get the pmay subsidy?

    Reply
  4. Sir,

    I have taken home loan of 7.5 lac from tata capital in july-2017. As per tata capital instruction i have made my mother as a co borrower to get benifit of PMAY. As i was unmarried at that time. After sanction of loan bank refused to procees PMAY. My father own a semi pucca house in joint with his brother& sisters. Do i eligible for PMAY? If not can i change my mother name with my wife name in loan to reapply for subsidy. Kindly guide me.

    Reply
    • Dear Imran,
      Try your luck by changing the name from mother to wife.

      Reply
      • Sir,
        thanks for your reply.
        If my father own semi pucca house in joint with his brother & sister. In such scenario also i am not eligible for subsidy?

        Reply
  5. HI Sir,

    If i apply loan , does the lower interest ( whether 3 % or 4 % ) does start from 1st EMI or will it take effect once the Scheme approved ( like after 4 to 5 months after applying loan) ?

    Also, i have taken mortgage loan on my father’s house ( House is in my father name ) does past loan history affect this scheme approval ?? I have cleared the previous mortgage laon

    Thanks

    Reply
    • Dear Bharath,
      It is not at lower interest. It is a subsidy you get it. Check the difference at first properly. If you are the owner of the property, then you are not eligible for this scheme.

      Reply
      • I’m not owner of the property.

        When i refer lower interest, will subsidy be applied on ( i mean 3 % interest cap on 12 lakh and normal interest on remaining amount ) when loan is applied ? or will it be applied after some duration of loan when subsidy is approved/verified by Govt ?

        Reply
        • Dear Bharath,
          In that case, you can. Regarding the interest, it will not lower your interest. But you will get subsidy.

          Reply
          • Thanks for the response.

            So, I’ll get subsidy once i apply the loan.

            Reply
  6. I am a central govt employ. My salary is 8 lakh yearly. My wife is a housewife she has no income. Can she buy resale LIG flat. Please reply.

    Reply
  7. Dear Sir,

    my father in law site given to my wife for gift deed ,now I applied home loan for construction, we are applicable PMY was yojana?

    Reply
  8. My father owned a small house of 1bhk which he had registered in the name of his 3 sons before his death. Am I eligible for PMAY as now my parental house is being registered on my and my brothers’ names but it is not practically possible for 3 brothers to live in 1 bhk.

    Reply
  9. Last FY, I had applied for home loan from HDFC Ltd. That time as per bank requirement have submitted Form-16 of 18-19 where gross income was below 6 lac. Now in 19-20 it was +6lac. Am I eligable to apply for the PMAY scheme?

    Reply
  10. Me and my brother jointly purchased site in Bengaluru and construction is almost done. Are we eligible for PMAY seperately?

    Both are working in private sector and have gross income around 7.5 lac each.

    Reply
    • Dear Satish,
      Check the loan sanctioned date and other eligibility at first.

      Reply
  11. May I able to apply PMYS now This month (may)

    Reply
  12. My father bought a 1BHK flat measuring 500 sqft in my name before my marriage. Now my husband has purchased a 2 BHK flat and I am a co owner. Are we eligible for PMAY? If no then what if we sell the 1 BHK and then apply PMAY for 2 BHK? Please advise and suggest. Thanks in advance.

    Reply
    • Dear Paramita,
      You are not eligible for PMAY. You mean to say you are ready to sell just because to be eligible for PMAY? Whether you calculated the cost?

      Reply
    • I’m working in govt bank. In my family no one have own house. We have to build our first home. Can i eligible to apply for PMAY.

      Reply
  13. I have purchased a house in 2019 Feb for that I took 29 lac house loan in Andhra Bank. Whether I am eligible for PMAY. if so what should I do

    Reply
  14. Sir, plz advise me
    I get benefit pmay(u) scheme , now I take a lone on same house , I eligible for all lone criteria

    Reply
    • Dear Parmar,
      PMAY is for the new buyers who do not have any home.

      Reply
      • Sir,I do not have house in my name in any part of india,as i am residing in a hut near a dam,if you could provide,O would be very muvh thankful.

        Reply
        • Dear Anup,
          If the above conditions are meeting, then what is your doubt?

          Reply
  15. i HAVE A HOUSE IN MY NAME THAT MY FATHER HAS GIVEN ME. NOW I AND MY HUSBAND BROUGHT A NEW HOUSE WITH JOINT OWNERSHIP AND I AM HOUSEWIFE. CAN WE AVAIL THE BENEFIT OF PMRY AWAS SCHEME. PLEASE SUGGEST

    Reply
  16. Sir

    The Court As Ordered the Builder To Repay Our Money Back.

    Reply
      • Sir Now Are We Eligible For PMYO Scheme If we Buy A House.

        Reply
    • Hi, want to know the maximum age limit for registration.

      Reply
      • Dear Rashi,
        As per my knowledge, there is no such maximum age. The maximum age is with the banks who lend you.

        Reply
  17. I have taken home loan. I am married women. My husband is not working. Can I apply for PMAY?

    Reply
  18. Dear Sir,

    We Had Purchased A home in the year 2013 which is under Dispute .. Till Date We Have not Got the possession of that Flat.
    If We Buy Another House Are We eligible For PM YO Scheme ,

    Kindly Suggest.

    Reply
    • Sir

      At That Time The PM YO Scheme Was Not Applicable. Also we have flied a case against the Builder in RERA Court

      Reply
  19. I am an employee of national insurance and received loan from national insurance at discounted interest rates. But national insurance is not providing benefit though I am eligible for the scheme. Please guide.

    Reply
  20. Hello sr I have income 50000 per year and I have a semi pucha house in bhopal MP And I want to renovation my house to pucha house can I eligible for PMAY If yes then how?pls help me .

    Reply
  21. Is PMAY applicable to bank staff housing loan??

    Income is considered after all deduction or gross for consideration of family income ?

    Reply
  22. Sir, Whether PMAY scheme is eliglible for village panchayats or not??? If it is yes… Then how to find identify our village is included or not??? Please reply sir

    Reply
    • Dear Kathir,
      Yes, and check with local Panchayat for the same.

      Reply
  23. I have purchased flat and my income group is LIG but my loan tenure is 15 years , so can you please confirm whether I will be eligible for PMAY subsidy or not. Female co applicant is there while applying for this.

    Reply
    • Dear Mahesh,
      Check your eligibility by referring above post.

      Reply
  24. Respected Basavaraj,
    Warm Greetings from NARAYANASWAMY, KOLAR Karnataka,
    I introduced myself I am Dr NARAYANASWAMY from ADRES organisation, I worked as a Social Worker since 1986 But till Date we don’t have own house so we want to get benefit from PMAY through your advice please give me guidence how to get the benefit Sir,Now we Settle in Mulbagal Town Kolar District Karnataka we have 20*30 free site in Mulbagal Town sir.
    Thanking you
    Your Faithfully
    Narayanaswamy
    Contact Mobile with watsap Number 8073565186

    Reply
    • Dear Narayanaswamy,
      First approach the bank with relevant documents to check eligibility.

      Reply
  25. I own a empty plot (sale deed on my name) and I have purchased a affordable flat and availed home loan from ICICI Bank. I am unmarried also I have filled PMAY subsidy form. Am I eligible for subsidy or it will get rejected.

    Reply
  26. I am Govt. servant, I owned a pacca house, can my husband purchase a house MIG in his name, his income is below 5 lakh. Reply please.

    Reply
  27. Sir I have taken a loan on December 2017 in DHFL but now it was shifted to icici..now m.im unmarried men.i have registration on my name only. I don’t have any co-owner to my property.i didn’t put my mother name because bank doesn’t accept for co-owner by some reasons.am I eligible for pmay or not sir..my family annual income is 5 lakhs only.

    Reply
  28. Hi Sir,

    I have purchased one under construction flat so i am eligible for PMAY scheme. And we will get possion on 2022. Please sir reply me urgent.

    Reply
      • Thanks Sir:)

        Reply
  29. I J. subramanyam my sister & her husband jointly purchesed one flat on 15/04/2018. there income 31000 pm
    so they are eligible or not eligible. Is there any time to apply PMAY subsidy

    Reply
    • Dear Subramanyam,
      They are eligible if other eligibility criteria are OK.

      Reply
  30. Hi,
    An under construction property has been purchased in my name (first property) and my annual income is less than 18 Lakhs. But it has been rejected citing the reason that entire household annual income should be less than 18Lakhs and that i should submit proof for the same. Is this valid? Can you please clarify

    Reply
  31. Good morning sir,
    I own a pucca house and there is no loan on that (loan closed) and am salaried with a gross annual salary of approximately 16 lakhs. My wife is a home maker and has savings of about 2.5 lakhs with her. She intends to purchase a small flat in the outskirts of hyderabad that will cost about 25 lakhs (actual all inclusive value). I will be the co-owner and repay the housing loan emi over and above the rent she receives. Is it legally correct for me to claim exemption from interest and show the rental income in my wife’s account (She will still not be taxable as the rent expected is less than 10000 per month)? Please reply as soon as convenient.
    Regards

    Reply
    • Dear Sastry,
      The tax benefits and income should be as per the % of ownership.

      Reply
  32. I had purchased my first home taking loan from PNB housing finance limited for 28 lakhs (I was forced to take insurance of 1 lakh which was included in the loan). They did not process my PMAY documentation and now they are charging 9.75 % of interest. Earlier I did not know that PNBHFL is not part of the bank hence they charge more interest. My home dimension is 138 yards and the loan tenure is 35 years. I am now planning to transfer the loan to SBI. I have a few question.
    Can I now apply for PMAY in SBI post the loan transfer? or Will the scheme stand void post transfer to SBI
    Will the insurance be still applicable?
    and a generic question… upon the preclosure, will the bank charge the PMAY scheme amount they offer initially?

    Reply
    • Dear Vishnu,
      Yes, you can apply. I am not sure which Insurance you are talking.

      Reply
    • Hello Sir, I have taken a loan in 2017 from LIC HFL. I have gone through your post and want to know what does validity date means. Can I avail for PMAY yojana now? Kindly reply

      Reply
      • I have purchases in my and my mother’s name. Am i eligible for subsidy? My parents already ha e their own home. I am self earning member.

        Reply
  33. I have purchased Home and now want to apply for PMAY subsidy. As unmarried I want to add my mother name as co-owner, so that i can apply for the subsidy.
    My question is my unmarried brother also want to purchase a Home with my mother name as co-owner.
    In this case can we both get subsidy or the person who apply first only get benefit?

    Thanks in advance.

    Reply
      • Thanks for quick reply.

        Reply
  34. Hi,

    I have booked a flat on my mother(She is homemaker) name, me and my brother are co-borrower (because we are earning member) on this flat. I am married but my brother is not married. No one in my family member have bought any house in their name. this is our first house.
    so are we eligible to get PMAY scheme.

    Thanks

    Reply
  35. I AM HARIKUMAR, I AM UNMARRIED, MY INCOME IS MONTHLY THIRTY FIVE THOUSAND, I GOT HOME LOAN FROM LIC HFL FOR LAND PURCHASE ON APRIL 2017 AND CONSTRUCTION OF HOUSE 2019 DECEMBER, WHETHER , I AM ELIGIBLE FOR PMAY- SCHEME OR NOT PLEASE CLARIFY

    Reply
  36. Is a retired pensioner of 62 years old eligible for this loan if she has no other property in her name. Annual pension income in INR 300000.

    Reply
      • I am a unmarried working woman and i want to purchase a new house. As half of my funding will be from bank loan and other half my mother will give me from the flat she sold.
        My question is if i take my mother as co-owner then will i get subsidy ?
        Or i have to buy in my name only ?

        Reply
          • She is selling the old property and investing in a new property with me

            Reply
      • Respected sir / madam,

        I’m machindra Rathod want to purchase house in grampachayat area. But this plot is not NA.
        Is this property eligible for Pradhan mantri avas Yojana scheme.
        Please reply
        Thanks & regards
        Machindra Rathod

        Reply
  37. HOW TO TRACK PMAY APPLICATION/ DECLARATION SUBMITTED AT HDFC HOME LOAN.
    THEY DONT GIVE ANY TRACKING NO.

    Reply
  38. is mother and married son taking joint loan can avail pmay subsidy. if other criteria full filled

    Reply
      • to enhance loan eligibility , wife has no income.
        to enhance loan eligibility bank suggest this and Loan executive also tell u will be eligible for PMAY, But to be sure i raised query

        Reply
  39. Hi sir
    I am a married 27 yrs old woman and me and my husband dnt have any property, now we booked a villa in my name. But while we aaplied for loan with bank they advised to club some one income to reach the final eligibility, as me and my husband hav only 11 lac annual income. So we can nt apply for higher amount. Please advise if we wud club our father in law income to take a loan, are we eligible for subsidy under pmay scheme or not? Other wise we wud have to take smaller size or property to take loan.

    Reply
  40. Hello sir, I have subsidy related issue please advise. I bought a LIG flat and loan running on it.
    condition :
    1) There is no female member available in my family and i am a unmarried person .
    2) I am an individual earning member and this is my first house .so this may be considered as a separate household”.
    Should i eligible for subsidy .please advice.

    Reply
    • Dear Sachin,
      Check the eligibility at first as per your income and then other stuffs as mentioned above.

      Reply
  41. Hello Sir,

    I have bought a house in Sept 2017 taking the joint loan with my mother. I am the sole owner of the new house and this is my first buy.
    In this case my mother already owned one house in her name. Can i still avail the subsidy benefit under AWAS yojana as the property is registered solely under my name and it is my first house. Kindly advice.

    Reply
    • Dear Preeti,
      But loan is jointly where your mother is already owning a property right?

      Reply
      • Thanks for your reply.
        Yes, She does. So in this case i believe i am not eligible to take this benefit. Correct?

        Reply
    • Hello,

      I am married person.

      On my name there is no any property.

      My annual Package is more than 6 LPA.

      My query is i don ‘t want to make my wife as Co-owner due to she has already loan on her name.

      In this case is i am eligible for PM subsidy ?

      Reply
    • hello sir,

      My query is my father own a pucca house in his name in a unauthorized colony(Delhi) & i am living with my parents and i am married.

      my annual salary is below 3 lac p.a. I want to apply for PMAY under EWS category.

      Am i eligible for applying?

      Reply
  42. Hi Sir,
    I am Ravindra from other city, since 5 years I stay in Other city, and I am salaried employ. I do not own any property on my name and do not stay with my parents but my Mother owns a flat on her name, so am I applicable for PMAY scheme

    Reply
  43. My daughter in-law is applicant of house & I am co applicant in that I have 80 sq.yards Lucca house in village.Is she eligible for subsidy

    Reply
  44. IS MOTHER (EARNING FAMILY PENSION) AND MARRIED SON , LOAN TAKEN IN 2019, NOT HAVE ANY PUCCA HOUSE .
    IS ELIGIBLE FOR PMAY SUBSIDY?

    Reply
    • OTHER INFO.
      MOTHER AND SON IS CO-APPLICANT AND CO-OWNER
      INCOME AND CARPET AREA MATCHING

      Reply
      • thanks for reply.

        Actually i was confused about the definition of family.
        Here, family means husband, wife, unmarried sons and/or unmarried daughters.

        In case my mother is also included along with wife and daughter

        Reply
          • As Per above definition of family, me, my wife and daughters should be family
            but i took loan with my mother as co-applicant and my mother is also co-owner in property

            Reply
            • Sir

              I purchased a house on January 2015……Can i eligible for PMAY

              Reply
  45. Can 2 siblings (married) apply for a play loan. They r ready to add spouses names also

    Reply
  46. Unmarried women can apply? if his father owns house, if yes then can she put his father name in PMAY registration details.

    Reply
    • Due to cornovirus issue,is there any update on extension of last date 31.03.2020 for MIG-1 Class.As my housing bank is closed presently I am not able to apply offline.For applying online it is showing income group greater than 50000 should apply offline.My salary is 45000 and wife salary is 33000 can we still apply online on behalf of my salary which is less than 50000.

      Reply
      • Dear Jaswant,
        Can you share the Govt notification in this regard of extension?

        Reply
        • Sir I didn’t get any notification for extension of date yet.what you are expecting should the date will be extent further.

          Reply
          • Dear Jaswant,
            If you have not received any extension notification, then you have to assume that it is closed.

            Reply
  47. Is it possible to consider Unmarried sister in PMAY scheme as secondary applicant ?

    Reply
  48. The home loan is sanctioned in August month financial year 2019-20 and we submitted pay slips of April May June July payslips and form 16 of previous two years while applying for home loan.
    Is annual income of the previous financial year ( i.e. 2018-19)is considered for income eligibility to claim subsidy under Mig 11 category or the present financial year( 2019-20)?

    Reply
    • Dear Shravan,
      It is as per me immediate previous financial year income.

      Reply
  49. We are married couple and both are working. In August 2019, we purchased our first house by availing joint home loan in SBI
    Our total gross income is 18.7 lakhs and net income is very much less than 18 lakhs together
    My query is to get subsidy under MIG 11 category, is net taxable income is considered or gross income?
    We reached SBI bank to apply for the scheme but they simply rejected by saying your total gross together is above 18 lakhs but we met every other conditions required.
    Kindly suggest what to do next in order to avail?
    Is there any clause defining the annual income of the household for MIG-11 category for salaried borrowers?

    Reply
    • Dear Mounica,
      It is net taxable income for consideration (as per me).

      Reply
  50. Sir,
    I have a house in Delhi in non-registered colony in my name. Am I eligible for PMAY if I buy a DDA property and take home loan for it.

    Reply
  51. Hi sir,
    1. Am i eligible for subsidy as i am unmarried and want to make co-applicant to my mom and dad and this is our first home construction on my name pre owned plot and annual income is 3 to 6 lac include father’s income?
    2. And plot size is 88.88 sqyd. So question is that in LIG this plot size considerable?

    Reply
    • Dear Virendra,
      1) Yes, if they are also not owning the property.

      Reply
  52. hi i am an unmarried person and i booked a flat in Ahmadabad. This is my first property
    i started loan in Axis bank and my mother is loan guarantor. can i receive 2.67L benefit in PMAY..?

    Reply
      • which other conditions..?

        Reply
  53. HI,

    I have constructed my house in Gram Panchayat(2019) – my PMAY application rejected bcz my house located in Gram Panchayat !!

    Is it true – PMAY not eligible for the village panchayat location as per Norms?

    with regards,
    Ram.

    Reply
    • Go through pmay rural scheme..

      Reply
  54. I had one property which I have sold. As on date, I have no property. Am I eligible for PMAY?

    Reply
      • Dear Raj, Myself Harbhajan and please some queries related home loan subsidy. Pl. send your Mobile No.

        Reply
        • Dear Harbhajan,
          Please share your doubts here. If you feel uncomfortable to share in such public platform, then you can email me.

          Reply
  55. Hello,

    Could you please let me know what is “Annual Income” is it the gross amount mentioned in your offer letter which has PF and other perks or its what you get monthly.

    Suppose your Fixed annual salary is 18 lacs and including PF and Medical Insurance benefit its around 21 lacs. Will it make the person eligible to apply for PMAY if only Fixed annual salary is considered

    Reply
      • Hi,
        My four quarter income showing 18.13L in Form16 this year and that includes section 17(2), so I would be eligible for PMAY?

        Reply
  56. Can a government women employee eligible for this pmay scheme??

    Reply
  57. hi sir
    what is validity date in this chart
    deosing

    Reply
  58. Hi Basawaraj,

    12-18lac is CTC or taxable income ??

    If I am earning more than 18lac & we purchase house in my spouse name and her salary is less than 5lac will she be eligible for PMAY?

    Reply
    • Dear Chandru,
      It is taxable income to be considered. Regarding your second question, the answer is YES.

      Reply
  59. Hello Sirji,
    I have taken Loan in April 2016 , At that time my annual income was over 6 lakhs , Can I apply to pmay , if yes how ? I spoke to bank and they said no, my income at the approval date should be below 6 lakhs

    Reply
    • yes you can definately apply. rejection of proposal in case of annual income arise only when it is below 3 lakhs.

      Reply
  60. Hi Sir,
    I have taken land 20/30 on my name ,the land is not NA it’s Akram sakram ..I am eligible to get PMAY??

    Reply
  61. Dear Sir,
    I have an annual income of 2lacks only, I don’t have house
    I’m staying in a rented house
    How this scheme helps me to get benefited?

    Reply
  62. Hi Sir,
    Last year i took a Home Loan of 29.00 Lakh from HDFC Under Subvention Plan (i have not paid any EMI till now)
    I also got PMAY subsidy of 2.35 Lakh. Now I want to close this Home loan by paying balance 26.65 Lakh, but bank says that i have to continue the loan for minimum 15/20 years (Original loan tenure 20 years) else PMAY subsidy will be reversed.
    is this true ? do i have to return Subsidy Amt 2.35 Lakh if i close my Home loan at this point of time ? Please reply.

    Reply
  63. Dear Sir,

    I have taken a loan in nov.-2015, Can i apply for PMAY?

    Please reply….

    Reply
  64. Hi sir, We purchased a flat in the name of my spouse. My Annual income is 2 lack only can i eligible loan for built a house.

    Reply
  65. Hello sir, I have taken loan in the year 2016. Where my mother is co- owner. My annual income is 9.5 lacs p.a. . I am married guy pls let me know weather I will get Pmy subsidy

    Reply
    • Can u give me reason sir… I read somewhere an adult earning person is treated as separate family… and class Mig1 is not applicable here or what… or loan date is older…

      Reply
  66. please can you send me the link..that where should i fill the form and where i get the information..please if you have any toll free numbers please send me

    Reply
  67. Dear Basavaraj,

    We are a married couple and we don’t own any house in our name. We are planning to buy a new house now and we both are earning. My annual CTC is 16L and my spouse’s 3.18L.

    I am planning to get loan only in my name and the house will be registered to my name and my spouse will NOT be a co-applicant. Since our combined income is above 18L,
    Am I eligible for PMAY (MIG-2)? Please explain.

    From your post:
    “In case of a married couple, *either of the spouses* or both together in joint ownership will be eligible for a single house subject to income eligibility of the household under the scheme.”

    Thanks.

    Regards,
    RJ

    Reply
  68. Dear Sir,

    I have a house in my village which is a gram panchayat, I am planning to purchase a house in city,will I be able to get PMAY scheme benefit.

    Please let me know.

    Reply
  69. Dear Sir,
    My registration of flat in new construction is done on 26may 2015 but loan agreement with the lender is done on 26 aug 2015, M I eligible for PMAY?

    Reply
  70. DEAR SIR,I PUCHASE A 315 SQFT FLAT AT KOLKATA .LOAN SANCTION DATE FEBRUARY-2015. BUT MY OWN HOME IN URBAN AREA PASCHIM MEDINIPUR. CAN HELP ME ANY OTHER PROCIDURE TO GATE PMAY SUBCIDY.
    BECAUSE MY INCOME YEARLY LESS THEN 2 LAC. PLEASE SUGGEST IF ANY CHANCES TO GATE SUBSIDY

    Reply
  71. Dear Sir,

    I have taken a loan in July-2018, Can i apply for PMAY? Loan tenure is 10yrs.

    Please reply….

    Reply
  72. Hi Sir,

    I am purchasing a resale flat of 943 sft, for 42 lakhs. I have applied for bank loan 30 lakhs. My current CTC is around 13 lakhs (If I remove non taxable amount such as PF,HRA, it will be around 9 lakhs). Please let me know to which category am I eligible? My Questions are 1. my income is more than 6 lakhs but area of flat is 943 sft. So, is it mandatory to meet area condition?
    2. What do they consider as total income , CTC or just non-taxable amount?
    3. How much amount will I get? If I qualify all other conditions.
    Please reply.. thanks

    Reply
    • Dear Jaffer,
      1) YES.
      2) It depends on many things. Check with your banker.

      Reply
  73. Hii Sir
    I have taken loan for construction of my house in Jul 2014. Will I be eligible for PMAY ?(provided I m fulfilling other criteria)

    Gaurav

    Reply
  74. Hello sir,
    My gross income is 15lakh and wife’s is 5 lakh. I wish to avail clss fo self only. Will my household income be considered 15lakh(only my income) or 20lakh (income of both). Kindly clear, Thanks.

    Reply
    • Dear Chander,
      It is your income ONLY considered. However, check the other eligibility conditions.

      Reply
  75. bankers are not interested to give a support of eligible private employees for Economically Weaker Section scheme under PMAY. PM sir why are u started this schemes, this is not use for pvt peoples, sir pls focus on bankers, who can avoid this scheme & why.

    Reply
  76. Dear Sir,

    I have taken a loan in July-2016, Can i apply for PMAY? Loan tenure is 25yrs.

    Please reply….

    Reply
  77. may i know the validity period of MIG -11

    Reply
  78. In PMAY, for the LIG category, the carpet area limit is 60 sq.m. But if I belong to the LIG group and want to buy a flat with the carpet area of 100 sq.m, will I get a subsidy?

    Reply
      • Please sir Read it carefully
        Then suggest me am i eligible or not
        Thank you
        Credit Linked Subsidy Scheme for EWS/LIG

        Beneficiaries of Economically Weaker section (EWS) and Low Income Group (LIG) seeking housing loans from Banks, Housing Finance Companies and other such institutions would be eligible for an interest subsidy at the rate of 6.5% for a tenure of 20* years or during tenure of loan whichever is lower.

        The credit linked subsidy will be available only for loan amounts upto Rs 6 lakhs and additional loans beyond Rs. 6 lakhs, if any, will be at nonsubsidized rate. Credit linked subsidy would be available for housing loans availed for new construction and addition of rooms, kitchen, toilet etc. to existing dwellings as incremental housing. The carpet area of houses being constructed under this component of the mission should be upto 30 square metres and 60 square metres for EWS and LIG, respectively in order to avail of this credit linked subsidy. The beneficiary, at his/her discretion, can build a house of larger area but interest subvention would be limited to first Rs. 6 lakh only.

        Reply
  79. Hello sir I have owned a flat and took loan in September 2015 from SBI. Sir I am falling under LIG. my all criteria are fulfilling only one thing is creating problem for subsidy is the ownership of the flat. Bank has told me that female ownership is must for subsidy..whereas in the same category for construction of house it is not mandatory. Sir please clarify why so. Is there any possibility to get the subsidy for a flat under LIG category without female ownership. If no then what are the alternatives please guide sir. I am very needy sir you are my last hope. Thank you sir.

    Reply
    • Dear Dipankar,
      You are not eligible as you are the owner since 2015.

      Reply
  80. Sir, I have purchased a resale 3 BHK flat. My loan is amt is 10 Lac taken for 15 years, registered in name of my wife. My annual salary is below 4.50. Can i avail this PMAY Scheme.

    Reply
  81. Hello Sir,
    I am falling in MIG 2 category.
    I am constructing my home on land which is owned by my mother. My mother already own one house. Please tell if I can apply for MIG 2 category as non out of me and my wife own any house on our name.

    Regards
    Ravi

    Reply
    • Dear Ravi,
      The property is not in your name, then how can a banker will allow a loan in your name?

      Reply
  82. Dear sir i want loan for home construction . my income is below 3 LAc and carprate area is 540 Squre feet . in my plot registery not have female ownership . can i am eligible for subsidy.

    Reply
  83. Hello Sir, I have sanctioned loan against a property in 2013 but builder couldn’t given possession till date. Now I have applied for loan against other property, can I eligible for subsidy in PMAY

    Reply
  84. Hi Sir,
    My property agreement was done on march 2018 and I was unmarried then. So I added my mother as co-owner of the property. Now I’m married. But in my loan application, my mother is co-applicant.
    My father has house and I’m first time home buyer.
    Now, what should I do? Remove my mother from property agreement and include my wife (Which is not ethical obviously :))? And same for loan?
    Note: Wife is not earning…I’m only earning member.
    Or any other way to avail PMAY?
    Or just include my wife name along with mother in property agreement will be okay?

    Reply
    • Dear Suraj,
      Removing co-applicant to loan is not only a solution but you have to remover her as co-owner also. Then you have to add your wife.

      Reply
  85. The name of my husband is given in ancestral non sailable land of Jharkhand state. May I eligible for such scheme in urban area?

    Reply
    • Dear Sulekha,
      If your husband is owning a house, then you are NOT eligible for PMAY.

      Reply
  86. I have taken loan of 6 lac from sbi to construct home , am I eligible for pmay

    Reply
  87. Hi Sir,
    I have one own house , I am planning to buy one more house for my mother she didn’t have any home nor his husband( ie my father) I’ll be co applicant for new house. I fall under MIG 2 , are we eligible for getting PMAY subsidy

    Reply
  88. I HAVE A AGRICULTURE LAND IN MY NAME AND NOTHING ELSE, DO I GET BENIFIT OF PMAY?

    Reply
  89. Hi sir,
    Is this scheme applicable for already built home?

    Reply
    • Sir i have applied for housing loan from lic in my name i.e only by considering my income ..it is an ready to move property only but lic person suggested to apply loan like 1st buying land and doing construction on that land.when i enquired about pmay they are teling that iam not eligible for int subsidy benefit..kindly advice is iam eligible or not ..my annual income is 11 lakhs

      Reply
  90. “Special loan offers of banks like SBI MaxGain will not be eligible for this scheme.”
    I guess this needs citation. I have seen people having SBI MAXGain loan, are beneficiary of the PMAY.

    Reply
    • Dear Anand,
      This is written based on the Government notification. However, let me check and update the same.

      Reply
  91. Hello sir.plz provide new rules of pmay for year 2019.any amedment is there?

    Reply
  92. Could guide me for these questions: –
    1) Property me wife ka naam jaroori hai kya?, agar koi married man apne naam par loan lekar ghar kharide to subsidy nahi le sakta?
    2) JIske paas refrigerator hai usko loan subsidy nahi milegi ? (ye rejection excuse maine ek article me pada tha)
    3) Subsidy ke liye kab apply karna hai, Loan apply karte waqt or jab loan le chuke ho? or registry ke waqt?
    4) Is Yojna me loan dene wala bank hamara naam PMAY me apply karega or hum apna naam Yojana me khud apply karke bank ko inform kare.
    5) Agar loan freehold property par liya ho to hum PMAY me apply kar sakte hai?

    Mai apne baare me apko bata du, mai ek private job karta hu, meri
    annual salary 3 lakh se 6 lakh ke bich hai, aur ek ghar kharine ja raha hu,
    jo ki (45 gaj) freehold property par bana hai, isse “GIC housing”
    dwara loan provide hai, mai married hu aur mere naam par koi property
    nahi hai, to kya mai PMAY ke liye mai eligibla hu?

    Reply
    • Dear Atul,
      1) Refer above post for the eligibility once again.
      2) I don’t about this SPECIAL case.
      3) At the time of loan availing.
      4) Banks will do that.
      5) Yes.

      Reply
      • Thanks for guiding me….. Last question still pending…. about my self…..
        Is am i eligible for PMAY….?
        because bank did not give any commitment for this.

        Reply
        • Dear Atul,
          It again depends on lot of conditions mentioned in the above post. Hence, cross-check all features and decide. I can’t judge with your half sharing.

          Reply
  93. Hii sir,
    I am from Karnataka proper but i am working in Maharashtra pune from 9 year, my adhar card is Karnataka.
    So can we eligible for Mhada schem?

    Reply
  94. Hi sir,

    I am taking a property under joint ownership with my wife and our net taxable income is more than 18lakhs combined but not individually.

    Is it possible to claim pmay subsidy under MIG-II category considering income of only 1 person.

    Reply
    • Dear Rohit,
      I don’t think so as it is a joint property, both of your income should be considered.

      Reply
  95. Hi Basavaraj

    If a family income is more than 18.

    And if they are buying a house only on husband or wife name.(as individual they are earning less than 18)

    Then they will be eligible for pradhan mantri awas yojna or not?

    Reply
    • Dear Ashish,
      The income of the buyer is under consideration not the family.

      Reply
      • hi Sir, I’m also in this scenario, are you sure that income of the person is considered and not the family. In the case where the property is registered on husband/wife name and they apply for pmay and it falls less than 18L.

        Reply
        • Dear Roshan,
          If the property is jointly owned, then both holders income should be considered.

          Reply
  96. Dear

    if carpet area and income not match so which category are eligible for pmay, which is lower or which is higher

    Reply
    • Dear Chetan,
      It has to match better if lower but not beyond maximum limit.

      Reply
  97. Hi Basavaraj,

    I read your article it is very useful. So far I didn`t find such a detailed article on PMAY.
    I’m married and my wife is also working. We are planning to buy our FIRST home jointly with home loan (will apply Rs. 45L loan in Apr/May – 2019).
    Both of us CTC for F.Y 2018-19 was Rs.21.65L (before applying Rs. 306K HRA deduction and standered deduction of Rs.80K – for both) but if we apply the said deductions our annual income would be Rs.17.78L.
    Now my banker is asking our payslips not ITR, our Mar`19 payslips were showing Rs.20.85L as annual income since we haven`t submitted our rental expenses (HRA benifit).

    For F.Y 2019-20, CTC for both us will be Rs.22.6L. As you mentioned in your article (“Total deduction from Gross income, including proposed EMI on Home Loan”) can we claim proposed EMI as deduction u/s 24 of IT act, 1961 from our CTC ?
    If we can claim proposed EMI as deduction (Rs.2L each) and standered deduction (Rs.40K each) our annual income would be Rs.17.8L.

    Except above we are meeting all conditions in MIG-II.

    My questions are:
    1. Which financial year income will be considerd in PMAY scheme ? (I am apllying loan in F.Y 2019-20)
    2. Since my FORM 16 for F.Y 2018-19 is not available, can ITR be the proof of Annaul Financial Income ?
    3. Are we eligible for PMAY scheme ?

    Reply
    • Dear Virendra,
      How can you claim for IT deduction on PROPOSED EMI?
      1) The immediate last year income.
      2) YES.
      3) It again depends on other criteria mentioned in above post.

      Reply
      • I also had a similar query.
        My taxable income is less than 18lpa, but not my gross income.
        All other criterias meet.
        Am i eligible for PMAY?

        Reply
          • HI Basavaraj ,
            Can you please help me understand the “Annual Income” term, Based on Form-16, does it mean the Gross Salary( Includes HRA and other Tax free components as well) or Gross Total Income ( after deducting “Amount exempt u/s 10” and Professional Tax )

            Reply
  98. I already own a home in my name and now my husband wants to buy a property in his name, first time. He is not a co-owner in my property. Will he be eligible for PMAY ?

    Reply
    • Dear Anupama,
      Whether you checked the other eligibility conditions?

      Reply
      • Hi sir, I have buyed a flat in march-2016 and my mother is the co-applicant my loan was for 10lakhs at DHFL, also my income is 3.7lakhs per annum am I eligible for the PMAY, I applied for it but no reply.iam from hyderabad.

        Reply
  99. Hi Basavaraj,

    You mention this facility is not available on SBI Maxgain.
    But the sbi site (https://homeloans.sbi/pmay)
    mentions a point
    * Home Loan under this scheme will be available by way of Term loan and Maxgain (for loan limits of Rs. 20 lakh and above) with a maximum tenor of 30 years. However, subsidy is available for a maximum tenor of 20 years only.*
    Please clarify, what is correct.

    Thanks in Advance.

    Reply
    • Dear Ankit,
      Thanks for your sharing. If they are claiming that MaxGain is eligible, then go ahead.

      Reply
    • Hi,
      I am ritesh
      my loan amount is 40 lack & for 30 year with SBI Maxgain.
      can we use benefits of Prdhan Mantry awas yojna.

      Reply
  100. Hi, my husband sold own house and buy new house and take home loan also of Rs. 6 lakh. so we can eligible for PMAY???

    Reply
    • Dear Reshm,
      As per my knowledge, I think NO as he is not a first time buyer.

      Reply
  101. Dear sir,
    I have loan of rs 11 lack and property is on the name of my father and he is the coapplicant with me for loan. This is our first house and loan taken from private financial institutions and taken loan and construction permissions after 2016.
    Can I get the benefit of this as there is no women is involved in this transactions. That financial institute is denying me for this pmay scheme.
    Where I can get the detailed information or provide me if is there any contact no

    Thanks in advance
    Sushant
    9552400497

    Reply
      • May I know the reason sir?

        Reply
        • Dear Sushant,
          Please cross check the above eligibility rules once again.

          Reply
  102. Hello sir,

    My income is less than 6 lakhs but more than 3 lakhs…the house I want to buy is 85 sq mts. Am I eligible for Subsidy? Loan amount is 6 lakhs

    Reply
  103. Hi Sir , i got loan approval/ sanction message on Aug 2016.

    but agreement and loan disbursed in aug 2016, am i eligible for PMAY.

    my family income is 600014 rs Lacs , last 6 month before try . rejected because after jan 2017 loan disbursed only eligible now any changes to date

    Reply
  104. hi sir my self and my brother name in agreement so we are eligible for pradhan mantri avas yojna ?

    Reply
  105. Dear sir,

    I have taken loan in 2015 ynder play scheme.

    But due to some uncircumstances my loan accounts goes in default.
    And bank says to me that subcidy not credit in your account because default.

    Othey says that when outstanding will create subcidy will credit in your account.

    Am I still eligible for pmay?

    Reply
    • Dear Guest,
      As your loan is under default, you are not eligible for any subsidy.

      Reply
  106. Dear sir,
    Whether an bank employee who availed staff home loan is eligible??

    Reply
      • Why not Basavraj sir bankers income is also coming under mig I or mig II.
        All other conditions are also getting satisfied. N also staff housing loan is the concession given by employer to his employee
        Hence Staff housing loan should not be considered as subsidy.

        Pls correct me if I m wrong

        Reply
  107. Hi Sir , i got loan approval/ sanction message on 31st December 2016.

    but agreement and loan disbursed in Feb 2017 , am i eligible for PMAY.

    Before that i had agriculture land on my name in village and my salary is 10 Lacs , i bought flat in banglore 1230 sqft.

    Reply
  108. Hello sir,

    Is it possible to get benefits of PMAY if I keep my mother’s name as Co-Applicant in loan agreement and just my name in flat agreement?

    FYI:
    Mom holding one flat on her name. However, I’m earning and not owning any home.

    Reply
  109. Hello sir,
    I don’t have any house in my or my family’s name, however I am a co borrower in home loan of my brother. I am planning to buy a resale flat. Shall I be eligible for PMAY?

    Reply
  110. Hi Sir,

    I have only one own apartment which I took thru home loan in 2010 and still paying the loan. Now I am going to sell it this month and planning to buy a new apartment after the old apartment is sold out. Will I be eligible for PMAY when I am buying a new apartment.

    I will buy new apartment only after selling the new one.

    Reply
    • Dear Narasimha,
      As you are not a first time buyer, PMAY will not be applicable for you.

      Reply
  111. Hello Sir,
    My Loan approved is 28Lac on Dec,2016 but actually loan taken is15 Lac and processing fees paid only for 15 Lac on May,2017. Note : As I said, in the month of May,2017, I amended Loan amount from 28 lac to 15 lac and also added my father name as co applicant then
    Please advise me which date will be considered as loan approved date.
    If my income exceed 6Lac
    Am I eligible for pmay.
    Please advise

    Reply
  112. Hello Basavaraj,

    My father & me have applied for a joint home loan. I am married. Both we & our wife’s have not own a pucca house in any parts of the country.
    Question 1) So My question is, Am I eligible for PMAY?
    Question 2) As our total income is more than 1 Lakh/ month So we have fall in the CLSS (MIG-II) Scheme, Right?
    Question 3) Father & married son’s as joint home loan is applicable for PMAY?

    Reply
      • Hi Basavaraj,

        I am not getting clear thats why I have asked you a particular question regarding this. Please help / guide me on this.

        Father & married son’s as joint home loan is applicable for PMAY?

        Reply
        • Dear Sharadchandra,
          I hope you did not get the answer by reading above post. Sadly my answer is NO.

          Reply
  113. Sir me / my family did not have any home / home loan yet. I am single now. Bank executive suggest me to add my mothers name as a co applicant to avail the benefit of PMAY. Is this possible?

    Reply
      • Respected Sir,
        Thanks a lot

        Reply
  114. Dear Sir,

    CLSS category: MIG-1
    Property purchased: June 2017
    Property owners: Myself and Mother (Both do not had property earlier)

    I separated from my wife from August 2016 and divorced in February 2018. In this situation, I made my mother as a co-owner in purchased property (No spouse and children). While applying for CLSS, my bank told me that I am not eligible, as my father owns a house without any more clarification.

    I kindly request you to explain me, do I ineligible to CLSS in this situation?

    Thank you

    Reply
    • Dear Guest,
      As your mother is the co-owner, if your father owns the property, then you are not eligible.

      Reply
  115. Sir, I purchased flat without any loan in 2011 (Before marriage) and sold it in Feb 2019. Although it got registered under my name in 2017 (after my marriage) and we sold it and get it de-registered in Feb 2019. Now me and my husband have neither any loans nor any pukka house in our name. Sir, So can we now apply for home loan with PMAY benefits?

    Reply
  116. Sir i am unmarried and my father have property on his can i apply for new property with my mother for pmy

    Reply
    • Dear Amardeep,
      Whether other conditions mentioned above satisfy?

      Reply
  117. Hello,

    How the annual total household income will be calculated? Is it a taxable income or gross income or net income if both husband and wife are working?

    As per scheme rules, we are meeting all of them except income if we consider gross salary.
    If it is net salary what deductions are to be considered so that we can confirm whether we are eligible as per income criteria or not.

    How to calculate from Form 16 or ITR?

    If I get my loan today and the registration happens in this month, how the income is to be calculated for this year as form-16 will not be available for this year.

    Awaiting for your reply.

    Thanks in advance.

    Reply
    • Dear Palguna,
      There is no clarity on this. However, as per my knowledge, it is your Gross Income.

      Reply
      • Which assessment year has to be considered? 2018-19 or 2019-20?

        Reply
        • Dear Palguna,
          It should be AY2018-19 as AY 2019-20 not yet completed.

          Reply
  118. Hello sir,

    I have taken home loan of 25L on December 2018. I am falling under mig2. Home taken at gram panchat and loan tenure kept for 15 yrs. Am I eligible for PMAY. Please advise.

    Thank you,
    Murthy

    Reply
  119. Sir, I have taken loan for 25 years in July 2017 can I get pmay scheme and last date for apply this.

    Reply
  120. My self and brother name having property of builded house which is belongs to my father ..and mortgage loan going on that property..is if i buy new home can i get subsidy??or for repairiing home can i get subsidy?

    Reply
  121. Hii Sir,
    An adult earning member (irrespective of marital status) can be treated as a separate household and can avail subsidy independently.

    Is this statement applicable TO EWS LIG,
    OR this is applicable for MIG CATAGORY only

    because HDFC added after this statement ” for MIG category”

    Reply
  122. Hi Sir me and my husband is getting one apartment which belongs to Gram Punchayat so we are taking personal loan to pay the house amount because these property are not applicable for home loan and our annual income is 9lac please let me know will I eligible for this subsidy.

    Reply
      • Will I be eligible for the PMAY scheme for my new housing loan if my father as a co-applicant for my home loan?
        i and my wife owns 100% of the new property (for which home loan applied), and my father just a co-applicant
        (my father already a owner of hosue).

        Reply
        • Dear Pankaj,
          This scheme is for those who do not have property in their name.

          Reply
  123. Dear Sir,
    My yearly income is 11,70,000/-. And my wifes yearly income is 7,80,000.
    My self or my wife is eligible for PMAY? If no than my wife individually can be eligible for PMAY?
    Regards,
    Kush

    Reply
    • Dear Kush,
      Along with income eligibility, whether you checked other eligibilities? Because you have to concentrate on other aspects too.

      Reply
  124. My home loan was disbursed 2016 can I get this benefit of PMAY

    Reply
  125. Dear Sir,
    My loan sanctioned on jointly (wife) .But I registered sale deed only my name. Now how to proceed to get the PMAY eligibility for LIG. (as per my annual income I fall under lig). Thank you.

    Reply
      • Dear Sir ,
        How to make ownership joint name ?On already registered deed on single name ?.
        Thank you.

        Reply
        • Dear Vennu,
          On the property for which you are applying for the loan.

          Reply
          • Sir ,
            I registered flat in November 2018 on my name .At the time of registration our banker not informed that it is mandatory to make joint ownership for PMAY – LiG. Now if I want to avail the subsidy how to make the deed on joint ownership? If I make 50% gift deed on my wife name that Will be sufficient to proceed. Thank you.

            Reply
            • Dear Vennu,
              Regarding ownership transfer, better you interact with lawyer. Because it is hard for me to guide anything blindly on the rules of your particular state and the cost involved in that.

              Reply
  126. Hi

    Is the PMAY subsidy for mig 1 depends on location? I mean if the house will be constructed in village area, is that eligible for Pmay? Do I need to check whether my location is covered under this scheme?

    Reply
    • Dear Prakash,
      Yes. Please read above lines “Location of the property should fall under all statutory towns as per 2011 census and or adjacent planning area (updated by government time to time).”.

      Reply
  127. Hello sir,

    Could you please provide me your email ID so I can put up my query.

    Thanks
    Jasminder

    Reply
    • Dear Jasminder,
      If your doubt is related to this particular post, then you can comment here.

      Reply
  128. Respected sir, you said that “The property should be co-owned by a female member of the family. However, this condition will not be made mandatory in cases of construction of house on an existing plot or extension/renovation of existing Kuccha/Semi-pucca house.”
    show me the correct source where U find this. I want to show bankers. They said it is wrong.

    Reply
  129. Dear sir,my loan sanction date was 05-02-2015 but registration date 07-08-2015.as official the flat transfer my name on dated 07-08-2015.
    so can i apply for that cash. please suggest.

    Reply
  130. sir,I PURCHASE A FLAT OF 315 SQFT .LOAN SANCTION DATE 05-02-2015.MY YEARLY INCOME LESS THAN 3 LACS.CAN I APPLY FOR PMAY SUBCIDITY

    Reply
  131. Sir,
    I registered sale deed only my name. But taken loan jointly as co applicant (wife has no income). My Annual income is 5.8L .Am eligible for LIG?

    Reply
  132. My Gross salary is 6.3L and Net Salary is 5.8L which income group am belongs to?

    Reply
      • Thank you Sir,
        I registered sale deed only my name. But taken loan on co applicant (wife). Annual income is 5.8L .Am eligible for LIG?

        Reply
      • Hello,
        I have same case wherein my gross salary income 6.1L however my net salary 5.8L. but banker is considering my gross salary

        Reply
        • Dear Vidya,
          There is no clarity on part with Government to clarify this issue.

          Reply
  133. Hi sir,

    I have taken a house loan of 20l…in May2018. Now construction was completed. Loan tenure is 30 yrs. PMAY scheme is applicable for Gram panchayat or not

    Reply
    • Dear Srinivas,
      Yes, PMAY applicable to Gram Panchayat also. But you have to satisfy above-said eligibility criteria.

      Reply
      • Hello Sir,
        Awaiting your comments for my query mentioned on 23rd Feb,2019.
        Thanks,
        Mahesh

        Reply
          • Loan sanctioned on 4th Dec 2016, Rs 28,00,000/-
            Home agreement done on 23Jan 2017
            Actual Loan taken is Rs 15,00,000/- on May 2017.
            Gross Income for FY 2015-2016 is Rs 526000/- and Gross Income for FY 2016-2017 is Rs 604000/- and Gross Income for FY 2017-2018 is Rs 638000/-
            Is it eligible for PMAY
            Please Advise.
            If yes, then which category LIG, MIG 1

            Reply
  134. Hi sir,

    I have taken a house loan of 60l…in Feb 2018…still construction is going on…. Loan tenure is 30 yrs…. Im I eligible for pmay scheme… As I enquired bank manager they said loan amt should be less than 30l…for eligibility… Please clarify my doubt

    Reply
  135. Dear sir,
    I have purchased property and home loan sanctioned 30/05/2016 but my home loan is not booked under PMAY scheme so I am eligible for subsidy other wise suggest now what to do for PMAY subsidy

    Reply
      • If he(Nafees) belongs to EWS/LIG and carpet area is less than 30/60 sqm, Why do you think so?

        Reply
        • Dear Mallikarjunaiah,
          Many times with limited sharing, we can’t judge that they are eligible.

          Reply
  136. Dear sir, I have a home with joint account with my elder brother and my brother name is first and mine is second. Now if i sold it to my brother and remove my name by preparing new registration. Than will i be eligible for pmay subsidy?

    Reply
  137. Hello sir
    I am Prabhu .I was planned to construct a new house about 2700sqft in our village it was under village panchayat .I need a loan for 35lakh.if I pay the loan in 30 years can I eligible for the pmay scheme.

    Reply
    • Dear Manikanda,
      Apart from your shared information, check the other eligibility criteria from the above post.

      Reply
  138. What is the meaning of “Woman Ownership Yes (except for construction)” for LIG Group??

    Reply
    • Dear sir , I showed to bankers your blog about PMAY. But housing finance banks is saying that it is not in their circulars. Please send me the source where u find. Kindly help me in this.
      [email protected]

      Reply
      • Dear Bilal,
        I have written based on facts. If they are unaware of it, then let them give in writing.

        Reply
  139. Sir, I purchased flat with home loan in 2010, with co-owner my wife and sold in 2013 , again I purchased flat with home loan in 2013 & sold in 2018 , now I don’t have any pakka home on my home (my father have home on his name) so at current stage I don’t have any home or any loan can I avail subsidy loan

    Reply
  140. I’m 25 yrs unmarried and salaried with 5Lakhs annual income and my father has agricultural income of 5Lakhs. Will i be under MIG 1 category or LIG?

    Reply
    • Dear Aravind,
      You still have doubts after going through above post?

      Reply
  141. When was the last date to apply for PMAY under MIG 1
    I see some sites show it March 31, 2019 and others March 31, 2020 which is correct

    Reply
    • Dear Aravind,
      Last means post March 31st 2019, PMAY not available?

      Reply
  142. Hi Sir,
    I am employee of private sector construction company. I am planning for home loan. I am getting income around Rs 20 L. Am I eligible for PMAY scheme. please clarify.

    Reply
    • Dear Sreeramulu,
      Along with your shared information, check the above details for your eligibility.

      Reply
  143. Hi Basavaraj,

    I’ve taken loan from Canfin Homes(Canara Bank). I’m 25years old male and the property(1100 sqft flat) is registered only on my name.
    But in the loan my mother is co-application. Anyways, me or my mother(working) do not hold any property(father expired) .

    For consideration of family income, will it be mine alone or my mothers would be considered ?

    Reply
    • Dear Bhuvan,
      As she is also co-applicant, it is combined income to be considered.

      Reply
  144. Hello Sir,
    Me(Applicant) and my Dad (Co Applicant have Jointly applied for a home loan at SBI for our First Home
    My Per annum Salary is 9 Lacs
    And my Dad per annum salary is 12 Lacs.

    Can we avail for PMAY scheme??

    Not Sure if my Dad salary is going to get added to my Family income or not

    Reply
    • Dear Soumya,
      Your father’s salary will not be added to loan eligibility. If the rest of the eligibility criteria are fulfilled, then you can go ahead.

      Reply
  145. Hello sir,
    I bought already build house (14 years old) on 04/02/2019 with 720 Sqft rcc roof and 150 Sqft asbestos roof.
    I need to reconstruct asbestos roof to rcc roof.
    So I will go for bank loan.
    My annual income is 10 L.
    I and my family members does not have any house other than this house.
    Is I am eligible for PMAY ?

    Reply
  146. Sir,
    i have taken home loan in july-2017 from tata capital with my mother as co applicant for new flat. agent told me that i am eligible for PMAY. but during documentation he used my father named light bill as resident proof. my father having a property in joint with his brother and sister where three family staying in same house. now bank denying for subcidy. kindly guide me.

    Reply
    • Dear Imran,
      It may be due to your father’s holding a property.

      Reply
  147. Dear Sir,

    I have took housing loan for construction on Sep 2016 for construction. of about 18 L with 20 years tenure in LIC HFL this is the first loan in family whether I’m eligible for the PMAY?

    Reply
  148. I’m single right now & salaried.
    Whenever I get married, can I add my wife’s name in the loan scheme & get subsidy? Please suggest.

    Reply
  149. Sir,
    I have only 1 house(flat) which i have purchased in 2014 (registered aug 2014).
    I got possession in mar 2015.
    I taken a loan of 34 lacs for it which is still going on.
    If I take a second loan of around 12 lacs for renovation of the same flat will I be eligible for the PMAY(MIG II)?

    Reply
  150. My brother(married with child) owns a house that he got on his own income.I feel my parents to be homeless. Are they eligible for PMAY?

    Reply
      • Thank you sir.

        Reply
  151. i m 1st applicant and my mom is second Applicant in loan ,i bought new home .i Added my mom name in Property as Co-owner
    my dad have own house in Village ..can we eligible for subsidy scheme

    Reply
    • Dear Dev,
      I don’t think you are eligible as your father has a property.

      Reply
  152. Hi,
    I got a sanctioned in year of 2013 and same loan transferred in year of 2018 can we eligible for subsidy scheme

    Reply
  153. I have availed a Housing Loan from SBI with no co applicants. My loan was sanctioned on Jan 2017. I haven’t availed the PMAY subsidy yet. If i transfer the existing loan to another bank ,can i avail the PMAY subsidy. If so do i need a co applicant to avail the subsidy?

    Reply
    • Dear,
      Co-Applicant is required in certain cases as I explained above. Hence, better you read once again the above post.

      Reply
  154. Hello,

    Thanks for the efforts in writing this article. I have doubt.
    Dad’s Income (Salary): 1.54L
    Dad’s Income (Other’s): 2.46L
    My Income (Salary): 3L

    Now,
    We’ve bought a flat by taking a loan of 26.6L stating me as applicant & dad being co-applicant and I’m unmarried. My loan is sanctioned in May 2018. Now, there is no female owner. Loan & House is registered on myself & dad. But, we are now living in the property which was inherited by not yet registered on my dad’s name. It is still on my great grand father’s name.
    So, can I apply for PMAY under MIG-I? If yes, till when I can apply for that? Is there any last date?

    Reply
    • Dear Sai,
      It is not clear with your comment to arrive and judge that you are eligible. Please go through above post and check each point I mentioned.

      Reply
  155. Hi,

    My parents are no more. But their property transferred to my name as i am the heir (only son of them).
    1 property was not pucca house which is Broken by rain, it was in name of my father.
    2nd property is pucca house, it was in name of my mother.
    the above properties in Punjab state. I seek benefit of PMAY in Noida due to job.
    So, should i eligible? or any alternative pl suggest

    Reply
      • But I as independent with my household family (Spouse & Child) have no own built property i got it from my mother’s income.
        I also want to built on my own for me !
        Your suggestions pl.

        Reply
      • Thanks for your reply

        Reply
  156. Dear Sir,
    I have taken one flat in Mumbai in the year 2012 and now that flat I have sold out to other purchaser and loan also closed now . There is no property in my name . I am planning to take property in RESALE whose loan is going on with other bank i.e Balance Transfer case . Shall I eligible for PMAY scheme . OR

    Shall I ask purchaser to close his existing loan from his own funds and obtain property papers from them .So that it will be a fresh case with non BT case .Then i am eligible for PMAY scheme? Pls provide your valuable response for my deal ..Thanks

    Reply
    • Dear Rajesh,
      Yes you are if other eligibility criteria are meeting.

      Reply
  157. Hi Sir,
    I have taken Home Loan, and also apply for PMAY subsidy, but my home Loan tenure is 15years so plz advise whether it is reject or accept subsidy.
    My email ID :- [email protected]

    Reply
      • Thnx sir.

        Reply
      • Hi Sir,
        Taken loan amount is 6,50,000 so plz advise how much amount will approved subsidy.

        Reply
        • Dear Jatin,
          I have already explained in above post. Please read it again.

          Reply
  158. Hi, Loan approved on 2016, can i apply for PMAY scheme.

    Reply
  159. if i refinance or tranfer my home loan then can i take a benefits or not?

    Reply
  160. Hi,
    me and my husband are planning to buy a new property in urban area and from income perspective he seems to be eligible for MIG II as he doesn’t own any property in his name.
    My question is- I already have a property in my name before marriage for which i am paying loan so if in the new property my husband and my mother in law are co-applicant – is he eligible for PMAY?

    Reply
  161. hi sir my self and my wife and my brother and his wife name in aggrement so we are eligible for pradhan mantri avas yojna ?

    Reply
    • Dear Jay,
      It is the ownership that matters. For detailed eligibility, check with your bank.

      Reply
  162. Hello sir,
    My annual income is 3 lakhs.
    Want to place my mother’s name in ownership.
    Interest will be payed by me but have work experience less than 2 years.
    Family consists of mother and father and I m their single child.
    Is PMAY applicable to me?

    Reply
    • Dear Zeb,
      If your mother is the owner, then whether banks will give the loan on your mother’s name? Check those factors first with your banker.

      Reply
  163. Hi Sir,

    My self Swapnil Shelar. I have taken home loan in December 2014 with my brother. My brother is co-applicant and co-owner of the flat. (Loan reflecting in CIBIL)

    Now my brother (married) wants to purchase a new flat in my mother name.

    My question is :
    If my mother (no income) purchase a new flat in her single name and I will add my brother as a co-applicant in loan for income criteria.

    Can he get benefit of PMAY ?

    If not, then kindly let me know the other options to avail the PMAY benefit.

    Thanks in advance Sir.

    Reply
      • Thanks Sir for quick revert.

        Reply
  164. Hi sir, took a home loan with my mother in 2014 and loan is still running. Is it possible to get the subsidy..and how?

    Reply
  165. Hi Sir, i dont have any houses in my name.. I am planning to build new house with four portions within the carpet area mentioned in pmay. Am i eligible for PMAY scheme?

    Reply
    • Dear Sudharsan,
      But your four portions in total is beyond the PMAY limit right? Please cross check with Bankers for the same.

      Reply
  166. I sell my old flat which was purched in 2011 and clear my home loan, now i am palning to buy new flat , Am i eligilble for PM Awas Yojana?

    Reply
    • Dear Rahul,
      Yes, if currently you are not holding any property in your name.

      Reply
  167. Hi my salary is gross 5.84 lakhs and I am adding my mom as Co applicant but my father has a house in his name m I eligible

    Reply
    • Dear Shahrukh,
      Yes, if other conditions are eligible for you.

      Reply
  168. My home loan plan is maxgain sbi home lone.can I eligible pmay scheme.

    Reply
  169. I am a female, and have a property in 35% share from father’s will, 65% share to my sibling. I am going to purchase a flat elsewhere self owner only , am i eligible for pmay loan subsidy.

    Reply
  170. Hello
    i am looking for buy home.ownership name me and my wife and younger brother.he is not married.and annual income 6 lacs.
    Whether i am eligble for pmay subsidy or not.
    Thaanks

    Reply
    • Dear Sanjay,
      Ownership in three names and that also with brother means they not allow.

      Reply
      • Hello sir
        Itz is mandetory to wife name i mean itz compulsory put one female name?
        Agreement flat name two brother will get pmay subsidy or not.
        Thanks

        Reply
        • Dear Sanjay,
          As per the rules yes. Two brothers on a single property not possible.

          Reply
  171. I have purchased a flat which is under construction, loan has been partially disbursed. Do iam eligible for pmay scheme.

    Reply
    • Dear Raghava,
      Whether other conditions are satisfying? If so, then my answer is YES.

      Reply
  172. Hi Sir My name is Dilawar and serving in Army. I have a plot of 1400 sq ft on my name in Dinanagar city punjab. I want to construct my own house on it. Earlier there is no house on my name. My gross annual salary is aporox 5 lakh. Am I entitled for PMAY loan

    Reply
    • Dear Dilawar,
      Whether you cross checked the above post properly?

      Reply
  173. Hi Sir,

    I am from Kanpur. My Gross income is 6.04 Lakhs and Net Income is 5.81 Lakh.
    Took a home loan from HDFC. My wife is the Co-applicant .
    House has a carpet area of 1000Sqft. Loan approved in May 2018.
    Please suggest me if I would be eligible for PMAY subsidy and in what Category.

    Reply
  174. What if I have purchased a house in June 18 and co buyer went abroad on July 18, now salary received outside india will be considered under the PmAY eligibity criteria ?

    Reply
    • Dear Gaurav,
      They consider the above eligibility ONLY during the sanction of the loan.

      Reply
  175. Hi, I am unmarried female with salary upto 9 Lakh and living in bangalore. But i want to build small house in rural area in my hometown. My relative is giving small piece of agricultural land for me to build house.

    1) As I am working professional, is it possible to buy the land in my name?
    2) under which category I will be able to apply for house loan and get subsidy?
    3) if I cant buy that land, can I buy that land with joint account of my mother & me then apply for loan?

    Note: My mother doesn’t have any income and dependant on me.

    Reply
      • I am not sure if i have misunderstood about agricultural land. In my home town we do have home and farming land together. So people build house in the farm land. I meant this.

        Reply
  176. Hello Sir,
    My Name is Mahesh from Mumbai. I am Married and My co-Applicant is my mother. so can I eligible to acquire PMAY subsidy?
    Please help.
    Thank you

    Reply
    • Dear Mahesh,
      Along with joint loan, check other eligibility criteria which mentioned above.

      Reply
      • I am eligible for all other criteria. my question is
        At the time of home loan I am married and co-applicant is my Mother.
        can I eligible for PMAY subsidy?

        Reply
  177. Hi Sir,
    Greetings for the day.

    I am from Hyderabad. My annual income is 6.5 Lakhs.
    Took a home loan from ICICI. My wife is the applicant and I am co-applicant.
    House has a carpet area of 2000Sqft. Loan approved in April 2018.
    Please suggest me if I would be eligible for PMAY subsidy.

    Reply
    • Dear Saanthossh,
      Please check the carpet area parameter with the eligibility image of what I shared.

      Reply
  178. Dear Sir,
    I have taken home loan in 2016. I come under MIG-II category.
    Am I eligible for PMAY?
    Thanks in advance
    Thanks,
    Prakash

    Reply
  179. Dear Sir,

    I have taken loan for my site 3 years back from LICHFL (for only site and not Housing Loan) and recently I have booked under construction flat and got housing loan from HDFC. I will come onder MIGII category. But HDFC says I am not eligible for PMAY, as I have site on my name.

    As per PMAY eligibility T&C , it only mentioned that there shouldn’t be any pukka house on any of the family member name but nowhere they have mentioned about site. Kindly clarify if I am eligible for PMAY Scheme.

    Regards,
    Saradhi

    Reply
  180. dear sir,
    i have purchased a under construction flat in credit linked subsidy PMAY,
    now i have received the amount in my loan account. I will get the possession of flat in Nov. 2019. Now if i want to sell the property before taking the possession because of my job transfer then hows its possible to sell ?

    Reply
    • Dear Amber,
      There is no such clause written that one must hold the property for these many years. Hence, you can sell it.

      Reply
      • thanks Sir !

        Reply
  181. I am co-applicant in my mother’s home loan taken in 2013 and paying EMI on the behalf of her. So loan reflects in my CIBIL also but the property is in my mother’s name and she lived there independently.

    I don’t have any property in my name anywhere in India and my wife purchased her first property in Feb 2017. Now my wife taken home loan to build house on her property and i am also co applicant in my wife’s home loan.

    So my query is my wife eligible for PMAY scheme on above mentioned condition or situation.

    Reply
    • Dear Krishna,
      If your wife is already owning a property (in Feb 2017), then she is not eligible now for PMAY.

      Reply
  182. Hi sir….

    I have purchase 1bhk flat and I am unmarried

    in my case I have joint my dad as a financial supporter for home loan and my loan tenure is 12 years so can I eligible for PMAY Sceam?

    Reply
    • Dear NIL,
      Check the above table to verify your eligibility for all the conditions. It is hard for me to judge with mere few lines of your sharing.

      Reply
  183. Hi Sir,

    Should I change to my loan tenure to 20 years. My home loan application is approved with 30 years but yet to disburse. I fall under MIG-2

    Reply
    • Dear Kaushal,
      I already explained the rules in the above post. Please refer the same.

      Reply
  184. Dear Sir,
    I wanted to purchase home as my salary is below 6lac, I’m unmarried, living as bachelor at metropolitan City. I wanted to give coapplicant my mother. Am i eligible as separate family? One room is in the name of My grand father but now transferring in the name of my father. Am I eligible for PMAY with my mothers name?

    Reply
  185. Hi sir, I taken flat in the year 2014 registration done but still I didn’t receive. After that I taken new flat in this year. Kindly suggest can I get PMAY yojana

    Reply
  186. Hello Basavaraj ji,
    Me and my brother together purchased a new 3 bhk flat. Here my brother is co-applicant. Are we eligible for PM Awas yojna?

    Reply
      • Ok, but m getting message from HDFC bank (my loan bank) that I am eligible for CLSS. Can you please elaborate why do we not eligible?

        Reply
  187. Female owner or Co owner, which one is required for pmay

    Reply
      • Sir
        Aggrement karte samay me kiska name first dalu mera ya mere misses ka bcz
        Loan par me applicant Hu and my misses Co applicant

        Reply
          • In such case Can I eligible for subsidy

            Reply
  188. I purchased 1bhk flat, at the time of aggrement , whose name is first my name or my misses name. And for getting subsidy whose name is first

    Reply
  189. I want to know whether gross income or net income is the criteria for PMAY?

    Reply
    • Dear Gaurav,
      In my view, they have not specified anything like that. But it seems Net Income.

      Reply
  190. Sir I m purchasing 3bhk flat along with my brother. The agreement is in my brother’s name and myself. I m married. He is single. Am I eligible for PMAY scheme.?

    Reply
    • Dear Saurabh,
      If the property is jointly owned then both owners eligibility must be checked not your alone.

      Reply
      • Thanks Sir. If the agreement is in my name and my brother’s name and I m claiming subsidy but not my brother. Is it valid?
        .

        Reply
  191. MY SBI max gain loan got approved in May 2016 & property registered in my name only (no female co-applicant).My income is in range 6L to 12L.
    Kindly inform how can i get benefits under PMAY.

    Reply
    • Dear Shrawan,
      You are not eligible for PMAY as your loan sanctioned before the launch of PMAY.

      Reply
  192. I have availed PMAY benefit from PNBHFL. My question is can I transfer my home loan to another bank after availing the PMAY?
    Will there be any effect on subsidy which I received from PMAY.

    Reply
  193. Sir,
    I request some clarification on PMAY(Urban).I am not an BPL (White Ration Card) Holder and land is registered on my wife name and it is located in Gramin area,but it is close quarters to municipality.

    Hence, it is requested to kindly clarify whether i am eligible for PMAY(Urban) as i am planing to construct a individual house at that above mentioned land.

    Reply
    • Dear Anil,
      The property in question should be in an urban locality and also you must be the owner.

      Reply
      • Sir,
        My annual income is below 6 Lakhs and I am in the slab of CLSS – LIG. For this statutory towns is required. But, my land surrounding the statutory town.
        I approached SBI for home loan they said that you will get subsidy in the slab of CLSS-LIG.

        Reply
        • Dear Anil,
          Then what is your doubt if bank is accepting under PMAY?

          Reply
      • Sir,
        My annual income is below 6 Lakhs and I am in the slab of CLSS – LIG. For this statutory towns is required. But, my land surrounding the statutory town.
        I approached SBI for home loan they said that you will get subsidy in the slab of CLSS-LIG.

        Reply
        • Dear Anil,
          If you fall under CLSS-LIG and bankers are ready to accept it then why not go for it?

          Reply
  194. Hi, I am a salaried person with ctc above 18L in my current organization. In my previous organization it was much below 18L. If we take median of both CTCs it comes below 18L. Will I be eligible for this subsidy?

    Reply
  195. Hi Sir, my income falls under LIG and my husband’s income crosses the upper limit of MIG. Can I get the subsidy in case I apply for home loan alone?

    Reply
  196. Dear Raj..I have purchased a flat in the month of March 2016 with the help of DHFL. I got to know from DHFL that my pmay application rejected because I am not satisfying income limitations. First of all i haven’t applied for PMAY. When I called customer service to check my eligibility they said like that.
    My salary at the time of purchase 11 lakhs PA. loan granted for 24 lakhs. Tenure is 25 years, Area 1185 Sft. I am from Hyderabad.

    Reply
    • Dear DV,
      You are asking for eligibility for 2016 sanctioned loan? No, you are not eligible for PMAY.

      Reply
  197. For 10lac 4years loan tenure is eligible for pmay??

    Reply
    • Dear Vanitha,
      I think you did not read above post. There is a limitation for maximum tenure but not for the minimum.

      Reply
      • I can’t understand wat you mean..am I eligible or not

        Reply
        • Dear Vinitha,
          There is no cap on the minimum tenure of loan (That is what I meant to say). Hence, if you are eligible for the rest of the features, then tenure is not an issue.

          Reply
  198. Me and my brother purchase a property in joint name and we don’t have any property. Whether we are eligible for this PMAY scheme

    Reply
  199. Dear Mr. Basavraj ,
    Thank you for this informative article .
    I have a housing loan of nearly 45 Lacs for 20 years . My CTC now is nearly 19 lacs per annum . But at the time of Loan sanction it was around 13 lacs per annum in June 2017 . My Mother is a co owner in this property . Are we eligible for PMAY . our house is nearly 85 sq.m carpet area .
    Regards ,
    SOHEL

    Reply
    • Dear Sohel,
      Yes eligible but check the other criteria also which mentioned in above post.

      Reply
  200. Hello,

    -My father has a Kacha Makan in Nagpur and want to sell this house and purchase resale Pakka Makan ta same city
    -Resale Pakka Makan purchase by my mother name
    -Me & my wife total annual income is around 9.5 lacs.
    -Loan taken by me & my wife so whether I can apply for PMAY scheme.
    In which category we can own mig 1 or 2 and location can be takes as Nagpur ???

    Reply
    • Dear Yogesh,
      The property should be in your name also to avail PMAY.

      Reply
      • Thank you
        but Repco home finance executive says that this PMAY scheme is closed.
        If Repco is not ready to provide and avail this scheme through bank then can we avail or apply for this scheme by our own and how. can you tell the procedure for the same.

        Reply
          • In this scenario what you suggest
            House purchase by my mother and my wife name
            or me & my wife name to get PMAY scheme benefit

            Reply
              • Smile Thanks Sir 🙂

                Reply
            • Hi Sir,

              Can i avail this benefit if my loan tenure is 30 years and I am under 6 lac category?

              Reply
  201. I am taken loan from LIC HFL for purchase of a flat inthe month of Feb.2016. Whether I am eligible for above mentioned PMAY subsidy.

    Reply
      • Hi Sir,
        In 2014, my mother transferred a house in the form of gift deed on my name. So, Am i eligible for PMAY if i purchase a new house on my name.
        Thanks
        Durga Prasad

        Reply
        • Dear Duraga,
          Legally you are the owner of the property and in that sense how can you be eligible for PMAY?

          Reply
  202. Hi Sir your explanation Is really good..but I have a doubt that scheme says you should not be owner of pucca house, but I am having a housing loan in my name where I am main applicant for housing loan and the property is in name of my grandfather..but we are taken as applicants for fulfilling income criteria..

    Reply
    • Dear Ankit,
      In that case, I think you are not eligible for PMAY.

      Reply
  203. if i government employee (transport department) can apply and city limit means vandalur area is eligible or not.

    Reply
    • Dear Arul,
      Refer the above post properly. Yes, city limit area also eligible if you satisfy the conditions mentioned in above post.

      Reply
  204. Sir i am abhishek i purchased a house in chhindwara m. p sir i have taken loan from dhfl. Sir I have one negative account of credit card so am I eligible for PM SUBSIDY??

    Reply
    • Dear Abhishek,
      Your credit score not at all a criteria to be eligible for PMAY.

      Reply
  205. Hi,
    The article has explained PMAY policy very clean and precisely. Thanks for this explaination. I wanted to query regarding when can an individual apply for this subsidy (with reference to under construction property)? I mean to ask, post first demand disbursement of loan, OR only after the entire loan has been disbursed and 100% construction done, OR other stage?

    Reply
    • Dear Kalyani,
      You have to apply for PMAY through your bank at the time of initial installment disbursement itself.

      Reply
  206. Hello,

    My father in law has a pucca house in Karamsad anand only so whether I can apply for play scheme.
    Me n my husband total annual income is around 7.5 lacs.
    In which category we can own mig 1 or 2 and location can be takes as anand ???

    Reply
    • Dear Khushbu,
      Please re-read the definition of FAMILY and MIG 1 or 2 eligibility rules again.

      Reply
  207. hii sir thanks for the information
    sir i am a student and my father is a farmer.my mother is house keeper.thd land for house construction is under my name.i have a four acre piece of land for agriculture .i applied for home loan with my agricultural income as a proof of income source ,am i eligible for PMAY with these conditions

    Reply
  208. Hi Sir,

    Me and Husband are planning to buy new home on me becoming first owner. But my husband is already a co-owner in other home which he bought along with his brother and Sister in law. Will we be able to PMAY benefits?

    Reply
  209. Hello sir,

    I have gone through the above article and I have a a doubt regarding the same. Request you to clarify on the same.

    I am a married man. We purchased a property size ~800 sq ft in July 2018. It is registered only in my wife’s name. Her package before any deductions is 13L pa. My wife’s and my cumulative income pa is > 18L. Neither of us or my parents have any other property registered in our name anywhere in India.

    Is my wife eligible for subsidy under category MIG-I or MIG-II ? As per the article, as far as I could interpret, my wife can be treated as a separate household in order to claim subsidy irrespective of our total income or her marital status. Or is the total household income always considered for providing subsidy?

    I am quoting from the article. Please clarify if I have interpreted correctly or not.

    “An adult earning member (irrespective of marital status) can be treated as a separate household and can avail subsidy independently.”

    “In case of a married couple, either of the spouses or both together in joint ownership will be eligible for a single house subject to income eligibility of the household under the scheme.”

    These two statements seemed to be contradictory to me.

    Reply
    • Dear Pratik,
      It is the owner of the property whose income matters. Regarding statements, the first statement is related to the property where ownership is individual and second for joint ownership.

      Reply
      • Thanks sir. So are we eligible to apply for PMAY subsidy based on my wife’s income and irrespective of our joint income? The bank says that its the total household income(my wife and me in this case) that is considered which in our case is > 18L. Hence my wife / we are not elegible for subsidy.

        Reply
  210. resp sir i taken home loan from HDFC & reccived subsidy Rs. 2.67 last year but i want to tranfer my loan from HDFC to Bajaj housing finance , there is any problem regarding subsidy does it revert or no issue while transfering loan

    Reply
  211. Sir, my home loan was sanctioned in dec 2016 and first EMI started on the same month. Am I right in assuming that I’m not eligible. Other than this I fulfill all criteria

    Reply
    • Dear Aravind,
      Your assumption is right. You are not eligible for PMAY.

      Reply
  212. Hi sir i m jeet Chauhan i take home loan From axis bank and i not mention my mom s name in form so can i get subsidy……? It’s compulsory to mention a women s name and I am also unmarried so can I get subsidy…..?

    Reply
    • Dear Jeet,
      First read above post properly and understand the definition of FAMILY.

      Reply
  213. sir,
    I own a flat which is on a lease with Allahabad Development Authority Allahabad.
    May I not be consider for CLSS?
    Someone tells that flat doesnot own land so it can be considered for CLSS.

    Reply
  214. Sir may i get your contact number to take advice from you for pmay scheme .I am ready for pay your consultancy fee . my email is is [email protected]

    Reply
  215. dear sir,my parents in reside in our native has kaccha house, I have a brother my father is farmer (68 year old) mother is house wife, my brother is farmer (40 years old divorced) they want to build the existing kaccha house, whether they are eligible for PMAY

    Reply
  216. Dear sir my sisterinlaw is planning to buy a flat my fatherinlaw and motherinlaw both are passed the way. She is Single unmarried, and not having any house on her name, my wife will be co-owner in this property and we are also not having any property on our name. So should they eligible for subsidi. Loan repayment period we select 15 years

    Reply
  217. Sir how to apply this.. website is not loading fully.. districts is not loading.. is there any offline application

    Reply
    • Dear Raghu,
      Be in touch with your bank. They help you in this regard.

      Reply
  218. I am state government employee my annual income 850000/- sanctioned home loan private bank rs.2900000 now . and I bought a Flat with home loan in 2014 but sold with in construction time….am i eligible PMAY Benifits

    Reply
    • Dear Madhu,
      Whether other conditions satisfied as per above post?

      Reply
      • SIR
        Please inform what are the other conditions?

        Reply
  219. Dear Sir,
    Can I avail this yojna. I am buying new flat, I am keeping ownership of my name and my mom. We don’t have any property registered in our both names. Loan will be taken under my name for home. I am married.can I avail this yojna by keeping my mom name too in property.
    Thank you

    Reply
    • Dear Shah,
      You can avail if you are eligible for the same (Refer above post properly).

      Reply
  220. Sir, I want to avail this benefits of Pradhamantri Awas yojana, but I have no Idea as to whom should I contact or to meet regarding this.

    Can you please guide me how to apply for this benefits?

    Reply
    • Dear Priyanka,
      While availing the loan, you have to inform to the bank about this facility. If you are eligible, then they take the next steps.

      Reply
  221. Hi sir , My gross salary for FY 2017_18 is 20.3 lpa in FORM 16( 15.3 salary + 5 lpa special bonus for only one year). Will i be eligble for PMAY subsidy? Also how do they calculate the income? is it from Form 16?

    Reply
    • Dear Harsha,
      Income range is already explained in the above post. Please go through once again.

      Reply
  222. Hello sir,

    I have purchased the first home. I have added my mother as nominee in agreement, because I am un- married.
    I am coming under MIG1 category. My father have own house on their name.
    Can I eligible for PMAY.

    Thanks
    VIVEK

    Reply
  223. Hi
    My sister is divorcee. I am planning to acquire a property jointly, where she will be first owner followed by me. I already own a property. My sister falls under MIG-1. Will this transaction be eligible for PMAY.
    Prashant T

    Reply
    • Dear Prashant,
      If you are already owning a property, then you are not eligible for PMAY (even though you are second owner).

      Reply
  224. I have purchase a house its our 1st house. My Dad is on pension from the state govt. and i am salaried in pvt organization. We together has purchased the house. Are we eligible for PMAY. ? Is my fathers income( pension) will be consider for PMAY eligibility alaong with mine. If i club both of our salary we fall under in MIG-1 Catagory. Please suggest.

    Reply
    • Dear Siddharth,
      Please refer the definition of FAMILY for PMAY eligibility. Also, your father’s income will not be considered for the eligibility of PMAY.

      Reply
  225. Sir,I am female/divorced and I don’t own any property till now.i come under MIG 1.i have 1 daughter to look after.70%loan is sanctioned from BOI.
    Am I eligible?

    Reply
  226. I am unmarried & my mother is widow .if we jointly aplay for home lone ,we are eligible for pmay scheme.

    Reply
  227. If I have chose home lone for 30 years tenures than I avail pmay scheme

    Reply
    • Dear Sandip,
      The maximum tenure of the loan is 20 years in PMAY.

      Reply
  228. Hi Basavaraj,

    I am a female, age 26years. I bought an apartment 6 months back, I wanted to apply for PMAY. I fall under LIG, the total area of my flat is 1124 sq/ft, not sure what will be the carpet area. My parents own a house, since the don’t stay with them will I be eligible to apply for PMAY..?

    Kindly reply.. I inquired about this yesterday also but unfortunately I am not seeing my comment in your blog so I m not sure if you have already replied. Kindly let me know if I am eligible to apply for PMAY..

    Reply
  229. Sir my father bought a plot when I was a kid and recently he got demised . Now can we apply for this pmay scheme to build a home. I recently completed my studies and in job search, my brother is alone working and earns 22k per month are we eligible for this scheme. Please let me know

    Reply
      • At present it’s on father’s name only and if needed we will change it to my mom’s name

        Reply
  230. I have purchased plot in 2011, now I have to purchase a flat, do I am eligible for PMAY scheme.
    According to PMAY, buyer should not own a pucca house. But the bank from which I am taking loan are saying that you are not eligible for subsidy under PMAY as you own a plot under your name.please guide.

    Reply
  231. Hello Sir,

    If an PMAY eligible applicant buys 2 properties in the same month and so applies for PMAY subsidy for above one property. So will he get the subsidy on one property or he won’t. Please explain

    Reply
  232. Hi,
    My CIBIL score is 692, Will I be eligible to take house loan of 10 lakhs? Can you please share the details of minimum CIBIL score to be maintained for housing loan?

    Reply
    • Dear Jay,
      It completely depends on individual banks to decide. Along with CIBIL score, your income also matters.

      Reply
  233. I didn’t understand this sentence. “The effective rate of 8% after deducting one-third of the amount charged for the house towards the cost of land”
    Can you please elaborate.

    Reply
    • Dear Mukur,
      1/3 of th cost of the property is usually considered as the cost of the LAND.

      Reply
  234. I am unmarried and i bought a house on my name. I am living with my parents. Can i applicaple for this scheme?

    Reply
      • Dear sir
        i am purchase mhada lotory flat, can you give me PMAY Scheme
        and hou to do this, in loan process
        thanks

        Reply
        • Dear Sakharam,
          I am not the authorized person to sanction the loan under PMAY 🙂

          Reply
  235. Sir,
    I am an OCI and my husband is an indian. We hv 3 kids aged, 18,14,and 12 respectively. Am i eligible for PMAY? We do not own any residence anywhere in India.Kindly share your valuable inputs. Thank you.

    Reply
      • Sir,
        i belong to MIG II.

        Reply
        • Dear Syed,
          Then check the eligibility for other conditions by referring above post.

          Reply
  236. Hello sir ! My bank informing that. my home locating area was not comes under pmay coverable Area .is there any way to get the subsidiary like writing letter or mail to any official.if so please give me the address of the official concerned.thank you

    Reply
  237. My annual incomes 3 lakh. My first property flat in urban area July 2016. Eligibil for Pradhanmantri avaas Yojana.

    Reply
  238. Dear Basavaraj,

    I fall under MIG-II category. My property registration was done on April 2016. Loan sanctioned on 2013. Because my loan is sanction before launch of the scheme I am not eligible for the PMAY benefit. But if I transfer my outstanding amount to another bank now(2018), will I be eligible?

    Reply
  239. Dear Sir,

    I have query regarding my eligibility for PMAY scheme. Following are my details.
    1)My Income: 3 Lac (EWS)
    2)Martial Status: Unmarried
    3) Mother own pucca house
    4) My age 25 (above 21 year)……currently not staying with parents.

    Please let me know I am eligible or not & Why???

    Reply
    • Dear Rohit,
      I have already explained the eligibility details in above post. Please go through the same once again.

      Reply
  240. Dear sir ‘
    My annual income is under 3 lac.and i purchase a flat first time in may 2018 and my loan sanctioned in 28-12-2017. I avail this scheme.my loan sanctioned in DMI HOUSING FINANCE Please reply

    Reply
    • Dear Gaurav,
      In my view yes, but I suggest you to consult your lender once again.

      Reply
  241. How to get refund of subsidy on property please can guide me

    Reply
    • Dear Mamta,
      You get this subsidy at the time of loan closure.

      Reply
  242. Sir,
    I am workinng in Kenya, Getting salary 8 lac PA , Please let me know wether eligibale for PMAY subsidy in India. I am Indian citizen trying to purchase home in India.

    Reply
    • Dear Suryawanshi,
      As per my knowledge, PMAY is not eligible for NRI.

      Reply
  243. Dear Basavaraj,

    PMAY loan is given in Kerala Grama panchayats now ? or is it on hold ?

    Reply
    • Dear Sivakumar,
      I am not sure about particular state issue. Check with local bank.

      Reply
  244. Hello Basavraj…

    I have a query, Is the PMAY subsidy allowable in Narhe, Pune PINCODE: 411041 (am informed that this is a grampanchayat area) for a buying an apartment flat ?

    Thank you for your revert.

    Best Regards,

    Reply
    • Dear Amitkumarji,
      Narhe grampanchayat is aquired by PMRDA and PMRDA is allowable for subsidy as per Urban subsidy. From which bank you had taken loan?
      Best Regards,
      Bal Sabale
      Mob – 9326744789

      Reply
  245. Hi Basavaraj,

    My loan is approved on Dec 9th of 2016. Recently I did balance transfer, am I eligible for Pradhan Mantri Awas Yojana-Housing?

    Thanks,
    Srihari

    Reply
  246. Hi, me and my husband are both eligible for this scheme. I had two doubts regarding this..
    1) What has loan tenure got to do with this scheme? Isn’t this scheme a one time thing?
    2) If i am buying a Ready to move flat then where does GST comes in the picture?

    Reply
    • Dear Himani,
      1) You will receive the subsidy at the time fo loan closure. Hence, the tenure of loan also matters.
      2) GST is not applicable for ready to move flats.

      Reply
  247. Hi,

    I have a situation.

    I am planning to buy a flat in urban area and I do fall under MIG 2 as per our houshold income group. I met all the eligibility criteria for PMAY.

    However, the lending bank has said that i would not be eligible for PMAY since there was a joint housing loan taken by my wife and her mother before getting married (The property is in the name of my wife’s mother only and they have never availed any benefits through any schemes either).

    I have not seen anywhere else mentioned that this is a criteria for availing PMAY benefit.

    Can you please provide your expert opinion here!

    Regards
    Arjun

    Reply
    • Dear Arjun,
      If your wife is not OWNING the property, then you are eligible for PMAY.

      Reply
      • Dear Basavaraj,

        Thanks a lot for your response. Can i apply for PMAY independently in case the lending bank doesn’t do it from their end? Also, are there any specific documents needed for PMAY?

        Reply
        • Dear Arjun,
          Sadly you can’t apply on your own. The process is to apply through the bank.

          Reply
      • I am Milind Vasant Vahalkar.

        I have taken Home Loan from Aspire Home Finance Corporation of Rs.14,00,000/- on 10/09/2015 and My Home Loan account No is LXPUN00115-160011601. My wife Mrs. Aarti Milind Vahalkar is Co-Applicant. My EMI Amt. is Rs.15,829/- every month of 10th date.

        And I have received subsidy amount Rs.2,18,440/- against Pant Pradhan Awas Yojana on Dt.31/03/2016 and Aspire Home Finance also less from principle amount. Now my Home Loan Principle balance is 11,34,636/- on Dt.22/09/18 (Attached Screenshot Home Loan details taken from Aspire Home Finance website).

        Now I have applied for Home Loan & top up amount (my personal reason) transfer to another bank Mannapuram Home Finance and also applied for Foreclosure letter to Aspire Home Finance Corp. And Mannapuram Home Finance disburse my Home Loan on 05/09/18, also they are deducted Pre-EMI Rs.4,663/- on 12/09/2018.

        Now Aspire Home Finance Corporation hold my Home Loan Foreclosure letter for PPAY subsidy.

        They are saying that you have pay subsidy amount and we will give you Foreclosure letter, otherwise they will give me foreclosure letter with Principle amount + Subsidy amount.

        It means government given me subsidy against Pant Pradhan Awas Yojana for my Home Loan of Rs.2,18,440/- and Aspire Home Finance reverse/recover this amount from me.

        Now I am very nervous when government has given me subsidy and they are again taking from me.

        So, why you are given such a dream to public.

        Aspire Home Finance has been bothered me for revert subsidy.

        Please give me advise what can I do?

        Can Aspire Home Finance Corporation reverse this subsidy amount?

        My flat is in Gujar Nimbalkarwadi grampanchayat area and pincode is 411046.

        Please help me, It is very most urgent.

        Thanks & Regards,

        Milind Vasant Vahalkar.

        Reply
        • Dear Milind,
          As your home loan was sanctioned before the launch of PMAY, I am not sure how you are eligible for a subsidy. It is the matter of you and your bank.

          Reply
          • Dear Sir,

            PMAY launched & Home loan sanctioned in same year 2015 and I got subsidy in Mar.16.

            Reply
            • Dear Milind,
              I am not sure of your case. Please cross check with your bank.

              Reply
  248. Is it possible to make the loan transfer after getting PMAY subsidy and still avail the benefits ?

    Reply
    • Dear Swaroop,
      It is nowhere written that PMAY eligible individuals are not allowed to transfer the loan. Hence, they are very much eligible.

      Reply
  249. Hi,
    Do we have any maximum loan tenure to avail PMAY?
    Some articles mentioned 20 years. I would like to take home loan for 25 years, will I get PMAY benefits?

    Reply
    • Dear Manesh,
      Please refer above post properly. I already mentioned the same.

      Reply
  250. Hi,

    Is this scheme applicable for Resale flats.

    We are eligible under MIG 1.

    Thanks
    Swanand

    Reply
    • Dear Swanand,
      There is nothing specified whether the flat should be NEW or RESALE.

      Reply
      • hi my name is yogesh
        before married i purchased a small house ….after three year i sold that now i am purchasing new house in both of us name ( me and wife)can i eligible to aply pradhan mantri awas yojana….i dont have any pakka house other than this new one

        Reply
        • Dear Yogesh,
          Yes, but cross check the income eligibility also.

          Reply
  251. Sir,

    I fall under MIG-II.
    I will be taking loan on my name, but the flat registration will be both on me and my husband’s name.

    To avail PMAY, i read in your post that annual income should be 12-18 lakhs.
    So, is this income combined for both of us, or just mine since loan will be on my name.

    Reply
    • Dear Sambbhrama,
      In my view, it is your income only as the loan availed is in your name.

      Reply
  252. Dear Basavaraj,

    I have query regarding my eligibility for PMAY scheme. Following are my details for you to decide:
    1. I had done my house registration on 26/08/2016 and loan disbursement was done on 26/10/2016.
    2. My annual income during house purchase or disbursement of loan was 6 lakhs/annum (Declared amount to bank). Currently my income is more than 6 lakhs/annum.
    3. Property ownership is in my name & Co-owner is my mother. Same pattern is during loan application.
    4. I got married on 26/11/2016.

    Please let me know if I am eligible or not. If Yes then in which category?

    Reply
      • Can you please let me know the exact reason?

        Reply
        • Dear Rushabh,
          It is the date of registration and the loan taken date prior to the launch of PMAY.

          Reply
          • Dear Basavaraj,

            If i fall under CLSS-EWS/LIG category then PMAY schemes are appicable for loans on/after 17/06/2015 where as my loan was approved after that date of 26/10/2016

            Reply
  253. Sir,
    I want to construct a home without any bank loan. I fall under MIG-1. If I am not taking home loan, I am I eligible to get the PMAY subsidy?

    Reply
    • Dear Srinivas,
      If you are not availing home loan then no question of PMAY.

      Reply
  254. Sir, thanks for the article. I fall under MIG II. I am unmarried and have no property but my mother has a house. Based on the below point am I eligible for PMAY?
    An adult earning member (irrespective of marital status) can be treated as a separate household and can avail subsidy independently.

    Reply
  255. hi sir,

    My father transferred his property to me by gift deed. no other property is registered on my name. am i eligible to avail PMAY??

    Reply
    • Dear Vijay,
      As you received the property from your father by gift, you are considered as an owner but not your father.

      Reply
  256. Dear sir,

    I want to know whether I am eligible for PMAY in LIG criteria, my details are mentioned below:-

    1) My Net Annual Income is between 3.0 to 6.0 lacs

    2) I had purchased 1000 sq.ft plot in Nanekarwadi Chakan, Tal. Khed, Dist. Pune in May 2014 on my name.

    3) I want to Construct a new house on my plot.

    4) I am a married person and having a son

    I have approached some banks and financial institutions for applicability of PMAY to me, but they are not having clarity that I am eligible for PMAY under LIG beneficiary they are informing me that for LIG group a senior women family member should be owner of property whereas property is on my name.

    I have also gone through some information on Google which says that PMAY is applicable to a person under LIG if :-

    1) He has purchased land/plot before 17 June 2015.
    2) He is doing construction work on land.

    As per above criteria i have purchased plot before 17 June 2015 & i am asking loan for construction purpose only, so as per above criteria PMAY can be applicable to me.

    Request your suggestion whether PMAY under LIG is applicable to me or not.

    Reply
    • Dear Ganesh,
      After reading above post, do you still have doubts?

      Reply
  257. Hi,
    Can you please tell me how much need to pay as EMI for MIG-1 category for 9 L, and 10,12,14 years one by one ,under these YOJONA
    and
    As EWS/LIG category for 6L and 10,12,14 years

    As below format
    I want to know the EMI amount EX :
    MIG-1 9 L 10 years , monthly ….
    MIG-1 9 L 12 years , monthly ….
    MIG-1 9 L 14 years , monthly ….

    EWS/LIG 6 L 10 years , monthly ….
    EWS/LIG 6 L 12 years , monthly ….
    EWS/LIG 6 L 14 years , monthly ….

    Reply
    • Dear Nayak,
      It depends on the interest rate also. Hence, check the same with your bank.

      Reply
  258. Hi, I am a state govt employee with monthly salary is around 25000. Am i eligible for PMAY.

    Reply
    • Dear Javed,
      Along with income check the above shared eligibility also.

      Reply
  259. Hi I am bachelor and my salary not up to the mark so my father is second grantor, do i am eligible for PMAY and I am purchasing property own on name.

    Reply
    • Dear Santosh,
      A guarantor is not at all comes into the picture. Hence, it is your property ownership eligibility, property cost and your income that matters.

      Reply
  260. Hello Sir,
    I have taken a personal loan one year back which is still pending. Am I eligible for PMAY.

    Reply
  261. Hi
    I am single salaried person, I want to know i am going to purchase the property should i am eligible for as i m not having any kind of property in my name as my parents have it. income is also less than 6. As i also want to know is it compulsory to have a female name in registry to avail the pmay coz i m single and if include my mother name than can i avail it as parents already have property on their. suggest me what to do?

    Reply
    • Dear Ankur,
      Whether you read the above post properly? Your all questions are answered there.

      Reply
  262. Sir, i am looking for a house purchase ( constructed ) at Dasara Hosa Halli, DK Halli Post, Robertson Pet Hobli, Bangarpet Taluk, Karnataka.
    Whether i am eligible for PMAY / PMAY-G..kindly clarify..and here local bank people are informing that since the property comes under Panchayat Limit, the scheme will not be applicable.

    Is it true..kindly clarify..thanks in advance..

    Reply
    • Dear Kumar,
      Regarding eligibility, I already explained the same in above post. Please have a re-look into it.

      Reply
  263. Hello Sir,
    I have purchased a re-sale flat on 27th June 2018 and have taken a Home Loan from HDFC in the same month “June-2018”. I was not aware of the PMAY, as such my first EMI is also deducted from my account. Can I still avail this benefit. Please suggest me.

    Reply
    • Dear Raj,
      If you are eligible for PMAY (as per above article), then you can avail it now also.

      Reply
      • Thanks for your quick response Sir.
        My case falls under CLSS (MIG-I) and I have purchased the flat in my name. Is it female ownership is mandatory? or can I avail as a single male ownership.

        Reply
  264. Hi Sir,
    I have taken the home loan of amount 2300000 on 31-05-2017 from LICHFL,my annual income is 12 lac pa,am i eligible for this PMAY scheme?

    Reply
    • Dear Sreedhar,
      If your eligible for other criteria and date of loan taken was your concern, then yes you are eligible.

      Reply
  265. Hi ,

    The property is bought with name of a son(Adult earning) and mother.
    Here the catch is that the Father is owns a property .

    But however the loan in sanctioned after 1.1.2017.

    Whether the son is eligible for PMAY SCHEME ,under MIG -2 category.

    Reply
  266. hi,

    Is it CTC of both the applicants or in hand income that counts please let me know.

    thanks

    Reply
  267. Hey Basavaraj ,

    I have booked flat on 2.04.2016. I have co-owner as my brother , we don not have female member in agreement.

    does I am applicable PMAY?

    also right now we add income of both two its up to 18 LPA.

    If applicable in which class I am applicable . I mean

    •EWS (Economically Weaker Sections)/LIG (Low Income Group)
    •CLSS (MIG-I)
    •CLSS (MIG-II)

    which of this?

    Reply
    • Dear Trikesh,
      As you availed the loan before the PMAY period, you are not eligible for this.

      Reply
  268. Hello sir, I am engaged and soon to be married (before december 2018). Can I and my fiancee book a house and avail benefits of PMAY?

    Reply
    • Dear Nik,
      Now she is your FIANCEE but not wife. Hence, now you can’t avail of this benefit.

      Reply
      • Thank you for your prompt response. On a related note, as per my knowledge, banks allow soon to be married couple to get a loan and disbursement will be done after marriage. So the loan will be approved. In such case, can we apply for PMAY after we get married, after 6-7 months?

        Reply
        • Dear Nik,
          Legally you are married only when you complete the marriage process. Bankers do so because they are in hurry to close their business.

          Reply
  269. Sir, I am ambika a private servicer. I got a housing loan rs 1450000/- for purchase resale house on 15.04.2015 from DHFL. I have no other house. Sir, I am eligible under PMAY interest Subsidy- 267000/-

    Reply
    • Dear Ambika,
      You availed the loan before the launch of PMAY. Hence, you are not eligible for this.

      Reply
  270. Hello Sir,
    Sir mene 1 ghar kharida he, jo me PMAY ke sabhi criteria me eligible hu, but me C.G. RAJYA SAHAKARI BANK, RAIPUR ka employee hu, or mene ”Staff benefit” ka ‘HOUSE LOAN’ liya he, jo 7% rate of interest, simple interest chargeble he, lekin mere management dwara subsidy ke liye eligible nahi hone ke karan reject kar rahe h.

    Kya me subsidy ke liye eligible hu.

    Reply
    • Dear Ravindra,
      It is hard to say anything without knowing your employer-based such subsidy scheme. Hence, suggest you to discuss the same with the employer.

      Reply
  271. Sir, I am a BSNL Pensioner monthly pension Rs 25000. I got a housing loan rs 287000/- for renovation of my living house on 20.4.17 from SBI. I have no other pucca house. Sir, I am eligible under PMAY (ie 4% interest Subsidy up to 267000/-

    Reply
      • Thank you Sir.

        Reply
  272. Hi,
    What is the definition of Household income? Is it calculated based on Gross Salary (CTC) or Net salary (after Tax deductions)? My Gross salary (CTC) is more than 18 Lakhs but net salary is less than 18 Lakhs.

    Reply
  273. Hi,
    I bought a one-row house 775 sqft and property is with my wife name and me. taken a loan in Sep-2017. My father has also one property on his name in another city. So am I eligible for this scheme?

    Reply
  274. Hello sir, I am a state govt employee.my monthly pay around 33000-00 and I applied MIG SITE can I avail PMAY SCHEME.

    Reply
  275. Hi, I have a doubt for this scheme. I am co-owner to one of my dad’s property. This property was bought before my marriage. I was also claiming benifit for this property under sec 24. Now I am planning to my own property with co-owner as wife. Am I eligible for PMAY scheme?

    Reply
    • Dear Harish,
      As you already an owner of some property, you are not eligible for PMAY.

      Reply
      • Ok Thanks Basavaraj, hard luck 🙁

        Reply
  276. Hello Sir, me and my husband are planning to purchase a plot (land 1200 sqft) and also immediately planning to construct a home. Our annual income from salary is 8lakh. This is our first home we don’t have any pucca house. Are we eligible for this plan ? how much loan we may get and what is the interest rate ?

    Reply
    • Dear Shruthi,
      Yes, you both are eligible for PMAY. Regarding the quantum of loan amount eligibility and interest rate, check with the bank.

      Reply
  277. I am an employee of a nationalised bank. Annual income below 7 lac. Going to purchase a 2bhk flat. 1510 sq ft super built area. Loan sanctioned from my bank is below 34 lacs. Loan repayabable upto the age of 75 yrs. My wife is second applicant. Am I eligible for PMAY?

    Reply
    • Dear Amit,
      Check the above post properly to cross-check your eligibility. If you still have doubts, then we can discuss.

      Reply
  278. Hello Sir, i got a new flat where i am the co-owner with my mother and my dad owns one flat under his name. can i avail the benefits of PMAY?

    Reply
    • Dear Gaurav,
      Please refer the above meaning of family once again.

      Reply
  279. Income here means total income or taxable income?

    Reply
  280. Sir i m an engineering students i leave in my own pucca house in village Which is named on my grandfather name and i or my parents have never purchased any property or flat anywhere..can i apply for this yojna on my mother name or on self name…my family income is less than 4.5 lakhs

    Reply
    • Dear Eshu,
      If you and your parents not owning the property, then you can apply under PMAY.

      Reply
  281. Dear Sir,
    I had purchased a 1 BHK flat worth 29Lakhs which i had availed a home loan from a bank on oct 2016, now i want to transfer loan to other bank in june 2018
    I wish to avail the PMAY benefits, but the bank says i am eligible because its a loan takeover or balance transfer case in 2018 and loan again get sanction in2018.

    Please clarify….

    Reply
    • Dear Sulabh,
      As per me, you are not eligible. If they are saying so, then go ahead.

      Reply
  282. Hi Basavaraj,

    I happy to this helpful post

    My query is my son having home in his name, he purchased home in 2012 in other city(his job location), now I am staying in village, I don’t have house so can I take loan under PMAY to construct my own house, I don’t have any other house in my name

    Reply
    • Dear Laxminarayana,
      If your son is unmarried, then you are not eligible for PMAY. If he is married, then YES.

      Reply
  283. I have a single pucca room in old constructed parental house which is not suitable for my family. Am i eligible for pmay

    Reply
  284. Hi Basaaraj,

    I have booked under construction building which has handover date in March 2019 in my name. I am planning to purchase ready to move in property with my wife name and me as co-applicant for loan. Can you please advice if I am eligible for PMAY as our salary is less than 18 LKA.

    Thanks,
    Prashant

    Reply
      • Thanks Basavaraj for quick revert. I can not find any information about under construction status as technically I do now own any house until it’s registered and nor I have taken any loan for previous under construction building.

        Thanks,
        Prashant

        Reply
        • Dear Prashant,
          If you availed the loan on or after 2017, then you are eligible.

          Reply
  285. My husband and mother-in-law own a flat jointly. I now wa to buy a flat. My income is below 6 lacs and joint income with my husband is less than 18 lacs. Am I eligible for pmay?

    Reply
    • Dear Choudhury,
      As your husband is also the owner of the property, you are not eligible for PMAY.

      Reply
  286. Hello sir present we are living in a pucca house which is on my mothers name. I am not married so am I eligible for this PMAY OR any chance for my FATHER.

    Reply
      • Hi Basavaraj, very nice post, same is applicable vice versa?
        I am son having house in other city and now father want to take loan under PMAY, he is eligible?

        Reply
        • Dear Madhu,
          Read the meaning of family once again (written in above post).

          Reply
  287. I have took house loan in 2012 for apartment and still I am paying the EMI for that loan. propriety register in my name. Annual income 10 lkh. Am I eligible to get PMAY? please clarify.

    Reply
  288. Hi,

    Me and my wife were working on a company with our total package around 13 lakhs, however we will be joining new company from June 1st , with our cumulative package around 19 lakhs. We are supposed to buy home and apply for loan on mid of july. Will we be eligible for CLSS (MIG-II) Scheme as our package has increased on new financial year only and till last financial year it was less than 18

    Reply
    • Dear Deepak,
      Better to consider the current income and apply accordingly.

      Reply
  289. We have already taken the subsidy for home under Ramaii yojna. And half of the construction is complete,we need more money to complete the rest. So is it possible to avail loan under PMAY

    Reply
    • Dear Snehal,
      I am not sure about the Ramaii Yojana. Better to check with your bank for your eligibility.

      Reply
  290. Hi,
    I am co-applicant in my husband property and father in law property, now i want to buy a house.
    Will i am eligible for PMAY.

    Reply
    • Dear Saranya,
      If you have the ownership then you are not eligible. However, you are just a co-applicant for home loan, then yes you are eligible for PMAY.

      Reply
  291. HI,

    I have purchased a plot in 2012. And taken a plot loan in 2012 which is still running. Now I am planning to purchase flat. Can I avail PMAY. The earlier property is a plot not a pucca house and I have not constructed anything on that. Can I avail PMAY while buying the new flat.

    Regards,
    Shipan

    Reply
      • Thank you for your reply .. My mom is a school teacher now retired… She has a plot… Which she purchased in 2014..Want to construction… Is she eligibilbe???

        Reply
          • No.. She had purchased before 2014… Now she wants to build a house ..

            Reply
            • Dear Shipan,
              But as per the rules, one must not own any property to be eligible for PMAY.

              Reply
  292. Hi,

    I have purchased the apartment in 2014 and taken loan for the same. But i have sold the apartment which was under my name in May 2018. And now planning to take Home laon with PMAY am i eligible to PMAY subsidy as i don’t have any house registered with my name at present.

    Thanks
    Shaik

    Reply
  293. Hi Basava,
    Appreciate your effort for this wonderful blog and replying to each and every post.
    My query is i have bought a flat cost 60K in June 2016 and taken a loan in same month but now in May 2018 i have transferred my loan to Federal bank with OD facility. Will i be eligible for PMAY scheme??

    Reply
  294. Hi, I have booked Flat under Subvention scheme and Applied loan from DHFL in May 2018 and . This is my first home and i come under Light Income Group (LIG).

    but DHFL representative are telling , My property is not coming under the the PIN Code of PMAY Benefits . so i am not eligible for PMAY Benefits.

    so is the PMAY Benefits depend on any PIN Code .

    Reply
  295. Hi, I have booked Flat under Subvention scheme and Applied loan from DHFL in May 2018 and . This is my first home and i come under Light Income Group (LIG).

    but DHFL representative are telling , if the person is unmarried and staying with his father & mother in perantial house , then he is not eligible for PMAY Benefits.

    is it really true …?

    Reply
    • Dear Ranjan,
      I am not sure how he arrived at this rule. As per me, whatever the rules are there, I explained. Let him show the notification in this regard.

      Reply
  296. Sir, I have taken 18 lakshs loan from HDFC bank in April 2018 and Registered flat in my name. I have submitted the PMAY documents to the HDFC bank but the bank officer said women ownership is mandatory so they said i am not eligible for PMAY scheme.

    i request you please send reply whether i am eligible or not.

    my annual income is Rs. 340000
    I have applied PMAY LIG Scheme

    Reply
    • Dear Saravanan,
      Refer above image, where I mentioned in which cases women ownership is required.

      Reply
  297. Hello Sir,
    I have taken a flat in Oct 2015. I am a self-employed person and filed ITR of 5 lac. Can I claim subsidy under Pradhanmantri Awas Yojna. Property size is 450sqft.

    Reply
    • Dear Rohit,
      As you purchased the property before the eligibility date, you are not eligible for the same.

      Reply
  298. Hi sir, My current CTC is 3 lakh but take home salary will be 21,200 after deductions. Will I be able to take the loan 6 lakh under this scheme. If not, can I include any of my family members income to get 6 lakh loan?

    Reply
    • Dear Varun,
      You will be eligible for PMAY. But check with your bank whether you are eligible to take the loan of the amount you required.

      Reply
      • Thank you

        Reply
  299. If my family income (me and wife) is above 18lakhs . Am i still eligible for Pradhan Mantri Awas Yojana (PMAY) under CLSS (MIG-II) Scheme. If the land( i already have) and home (going to construct) in in my name without including my wife (while applying the loan).

    Reply
    • Dear John,
      Considering your family income, you are not eligible for PMAY.

      Reply
      • Thanks for the reply. Just to clarify, if the loan and home is in my name, still i am not eligible? My annual income is less than 18L.

        Reply
          • Thank you so much for the reply.

            Reply
  300. Dear Sir,

    I have taken 30 lakshs loan from LIC Housing Finance at March 2017. This is my first home.
    Please advise me if i am eligible for the PMAY benefits.

    Reply
    • Dear Udhay,
      Please refer the above post for eligibility as it depends on the property size and income also.

      Reply
  301. Hi Sir

    I am planning to buy a new house of 760 Carpet area. I want to apply for PMAY and I am in MIG-2 category. me and my family don’t have any home on our name. I have following doubts :

    1. I want to take benefit for PMAY and CLSS scheme and SBI Max gain account. is it possible ?
    2. Is it possible if I take a PMAY & CLSS scheme (from other bank first) and then transfer my loan to SBI and take the SBI Max gain account. is it possible ?

    Reply
    • Dear Ashish,
      1) According to you what is the difference between PMAY and CLSS?
      2) Why are you relating PMAY and CLSS to SBI MaxGain?

      Reply
  302. Dear Sir,
    I had purchased a 2 BHK flat worth 29Lakhs from a builder for which i had availed a home loan from a bank, now i got the loan transfered to other bank.
    I wish to avail the PMAY benefits, but the bank says i am not eligible only because its a loan takeover or balance transfer case.If they process further it will be rejected by NHB.

    Please clarify is there any such clause for eligibilty..??

    Reply
      • Sir, I purchased property in 2015, and registered that in the year 2016.

        Reply
        • Dear Samatha,
          Check the eligibility year for PMAY (in above image).

          Reply
  303. Dear sir,
    I have home in my dad’s name but I am staying with my wife in different location in a rented home so am i eligible for PMAY benefits

    Reply
  304. Hi Sir,
    I hv taken home loan on 10.05.2016 and am working in nationalise bank. Am i eligible for CLSS? Please clarify my doubt.

    Reply
  305. Hi,this is such brief informative artical. thanks for informations. i and my family dont have any house property anywhere in our name, but nowafter my fathers death my paternal house ownershiop have jointly been named on me , my brothers and my uncle at our hometown .so still do i qualify to attain PMAY benefits?

    Reply
    • Dear Dharmendra,
      If you have ownership in the property, then you are not eligible to apply under PMAY.

      Reply
  306. I have a question regarding 1 % TDS on property above 50 Lac. We have purchased new flat from builder above 50 Lac. Is this 1 % TDS clause applicable

    Reply
      • We have bought Villa of 61 lakh without GST . Land cost 8 lakh in that Villa cost , still TDS is applicable?

        Reply
          • But he saying out of 61 if 11 lakh land cost is deducted then it wont be more than 50 lakh , but sale agreement is of 61 lakh including land cost

            Reply
            • Dear Nikita,
              The applicable GST rate is considering the land cost.

              Reply
  307. Sir, Please visit on http;//pib.nic/newsite/PrintRelease.aspx?relid=176285
    There is four type recommendation for 8%.

    Reply
  308. Hello Sir,
    We were having a 2 BHK flat which we had sold in Dec, 2017 and had gone for new property .we availed a loan from nationalised bank in the month of mar, 2018. Currently myself and husband are not owning any house in any part of India. Please let us know whether we will be eligible under pmay. As the bank has told us we are not eligible because we were having a flat earlier on my husband’s name which we sold in Dec. 2017. We fall under MIG-1 regarding income and flat carpet area.

    Reply
    • Jayanti-As per me, rules are very clear that you must not OWN currently. Hence, you are eligible for this.

      Reply
  309. If my loan is sanctioned before 2016. Can I get benefit of PMAY.

    Reply
    • Jayashree-Refer above chart. It is clearly mentioned the applicable date of this scheme. Based on that, you are not eligible for PMAY.

      Reply
  310. Hi,
    I’m an NRI with an annual salary of 6 lakhs.I’m planning to build a new house and will be taking a loan for Rs.10 lakhs .
    Could you please advise what is the procedure to avail PMAY Benefits.

    Reply
  311. Hi,
    My father in law had gifted his lease flat (state govt is lessor) to my wife by registered gift deed. Now I want to buy a 1bhk flat and will take home loan. May I eligible for PMAY? Please advice.

    Reply
    • Nil-Whether that is still in leased condition? If yes, then you are eligible for PMAY.

      Reply
  312. Hi,

    First of all thanks for summary of this.. My question is that I have taken loan and i fall in MIG-1 category. Actually my flat (taken from builder) is under contrution and i have paid installment by home loan. when will i get subsidy like post construction or is it available under construction too.

    Secondly, Am i need to do anything to get subsidy. Loan people told that this file automaticlly process for this subsidy. like to whom should i approch? Is it auto?

    Dixit Ranka

    Reply
    • Dixit-Once your eligibility approved, then banks adjust the EMI.

      Reply
      • Sir, Kindly share your views about PMAY subsidy eligibility if a bank employee opts for staff housing loan where principal amount is recovered during initial 200 EMI and interest is recovered during last 100 installments and the ROI is linked to the cost of fund of the institution during the last financial year.

        Reply
  313. Very shameful to see again and again such indecent ads. What is stopping you from removing them once for all?

    RK Bhuwalka

    Reply
    • Bhuwalka-If you have such irritation issue, then you can use ad blocker and read the blog post rather than feeling irritating and commenting me again and again. Regarding blog design, I already replied. Hope you forgot again.

      Reply
      • If it is so much irritating he should not see this blog.. people want free advise about their money but cant spare few ads.

        Reply
        • Ramakrishna-I feel his intention is different than what he is posing.

          Reply
  314. Sir why hdfc balance fund is not performing upto mark these days..

    Reply
  315. My loan was approved on 15.07.2016 & my household income per annul is 6-12 lakhs. Will I be able to avail benefit of PMAY scheme.

    Reply
    • Hema-As you fall under MIG-I category and your loan is approved before 2016, you are not eligible to apply for PMAY.

      Reply
  316. Hello Sir,

    I have now purchased Flat in resale and availed loan from ICICI Bank in Jan 2018. This is my first home and i come under MIG -1.

    I have filled this scheme form cum declaration, while applying for the loan. Now how to track this scheme status in our loan account. Do we need to followup with banks for the Assessment ID to track or with pmaymis department?

    Have anyone got the benefit in their loan account? pls guide…

    SurajN

    Reply
  317. Sir, i was before a small flat and gifted to mother before 2 months back with proper registration. Now i can avail the benefit from pmay for MIG 1 because i am planning to buy new flat under rear CLSS registered schemes.. i was taken that time 4 lakh rs loan but paid 2 years back. Now what will be the scenario ?
    Thanks

    Reply
    • Ayansh-If you are currently not own any pucca house either in your name or in the name of any member of your family in any part of India, then you can apply under PMAY.

      Reply
      • thanks alot Sir.

        Reply
        • sir, If my mother sell the flat with in the year or after 3 year then any type capital gain or tax will be count .If she sell in double amount as purchase value of the flat(Gifted property 6 lkh value) and she is housewife. Please suggest?
          Thanks

          Reply
          • Ayansh-Even if she split also, the combined income for that particular financial year is considered to arrive at taxation.

            Reply
            • Sir,
              I am booking 1440 sqft super builtup area flat and its carpet area is 800 sqft and my loan is approved in PMAY MIG 1 in income (6to 12lk) t but builder is saying only GST benifit 8% will be for only 600 sqft carpet area flats not for 800 sqft. Please light on the issue, is 800 sqft carpet area flat as first home will be eligible for the 8% gst ?
              Thanks

              Reply
                • Sir, for how much maximum mete flat carpet are a qualify for 8% because my builder is saying only 60 sqm will qualify for 8% GST and more than this will fall in 12% GST slab. I am taking about maximum qualifying carpet area for 8% GST that is not in the as given table by you sir.

                  Reply
                    • sir, hows i can upload a govt. GO for reference and understand wording of 25th jan 2018 to you.?

                    • Ayansh-That notification I already shared in few below comments. You can cross check. If your sharing is different, then you can email me at [email protected].

                    • Sir,
                      As per 3type of benefit are given by the govt in PMAY as per my knwladge. if i am wrong please correct me.
                      1- lumpsump 2.35 lakh on approoval at loan account
                      2- interest rate relaxtion 4% for 9 lakh if loan taken less than 35lak for below 50lk price property in MIG1 for 20 years
                      3 – GST relaxation from 12% to 8% if carpet area is less than 60metre

                      I know ews, mig 1, mig 2 is eligible for the PMAY but more than 60mtr carpet area is not eligible for the 8% gst benifit they have to pay 12% if he fall in PMAY also? this is my confusion .
                      Please only clear me gst applicable for 80mt carpet area in pmay?
                      thanks

                    • Ayanash-Who said you that you will receive the lump sum immediately after the approval of loan amount?

                    • annual income means before deductions?

                  • Dear Sir,
                    I have pasting the article of The Hindu and here is clearly mentione more than 646 sqft area will be not qulify for 8% GST and they have to pay 12% in PMAY.

                    New Delhi, Jan 26: In a push to promote affordable housing, the Centre reduced the rate of Goods and Services Tax (GST) from 12 per cent to 8 per cent for first time home buyers and the persons buying homes under credit-linked subsidy scheme (CLSS) under Pradhan Mantri Awas Yojna. Under the subsidy scheme, a household with an annual income of Rs 18 Lakh can get the subsidy of Rs 2.7 Lakh on the purchase of a house or apartment of up to 150 square metres (1,615 sq ft) carpet area.
                    The buyers purchasing homes in project certified under infrastructure status will be able to avail the benefits. However, the size of the apartment must be below carpet area of 646sq ft. Many industry leaders expected the move will result in fall of prices upto 4 per cent.
                    “The decision will give a push to the real estate sector, particularly affordable housing, as prices will fall by up to 4%,” The Times of India quoted CREDAI chairman Geetamber Anand as saying. He further said the move will help middle-class households in realising their dreams of owning a house. The government has put a cap size of housing unit to avail of the benefit under CLSS. The buyers 1,615sqft carpet area, which is equivalent to around 2,200sq ft built-up area may avail the benefit.
                    The buyers are GST by the developers on the time of purchase. The taxes paid under GST on inputs are given back on the inputs as credit from the GST paid.

                    Reply
                    • Dear Ayansh,
                      Instead of news items, please refer the notification which I shared in above post recently.

                • loan adviser of ICICI bank was saying for lumpsump after approoval home loan from PMAY.

                  Reply
  318. Hi, I have booked Flat under Subvention scheme and availed loan from ICICI Bank in Jan 2016 and now paying EMI till i get flat handover to me. This is my first home and i come under MIG -1.

    I just wanted to know can i avail this scheme if i shift my loan from different banks ? or can i ask same bank?

    Kindly advice

    Reply
    • Aryan-As your loan was sanctioned before 1st January 2017, you are not eligible for PMAY Benefits.

      Reply
      • Hi Sir,
        My name is Arun and my age is 31 and bank give me a loan for 30 year tenure so I am eligible for PMAY scheme??

        Reply
        • Dear Arun,
          Your eligibility does not depend on how long they give the loan but based on other parameters also. Please check above eligibility criteria.

          Reply
          • Hello sir
            I come under LIG group
            I’m unmarried and unfortunately my mother and father both have expired.
            Am I eligible for the PMAY benefits as there is no female co applicant?

            Reply
      • Hello sir. We take the loan in january 2016, so can we eligable for subsidy of pm avas yojna?

        Reply
          • Hi sir, We purchased. A flat. In the year Aug 2015.my husband annual income is 6 lakhs.but am also co applicant.we are eligible for play scheme

            Reply
        • I wanted to purchase mhada resale flat. Is PMAY is applicable for mhada flat.

          Reply
          • Dear Amita,
            Yes, if other eligibility conditions are meeting.

            Reply

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