How to Apply for PMAY-U Subsidy with Mahindra Home Finance?

Understanding PMAY eligibility is the first step toward owning a home under the Pradhan Mantri Awas Yojana – Urban (PMAY-U 2.0) affordable housing scheme. The government has defined clear income categories and conditions to ensure benefits reach the right families.

Eligibility Categories:

• EWS (Economically Weaker Section): Annual income up to ₹3 lakh
• LIG (Low Income Group): ₹3–6 lakh
• MIG-I: ₹6–12 lakh

Other conditions:

• You or your family should not own a pucca house anywhere in India.
• Aadhaar is mandatory for PMAY registration.
• The property must be located in statutory towns under PMAY Urban.

Tip:Use the PMAY subsidy calculator to check your eligibility and potential savings under the Credit Linked Subsidy Scheme (CLSS), which offers an interest subsidy of up to ₹1.80 lakh.