PMAY (Pradhan Mantri Awas Yojana): Am I Eligible? Complete Guide (2026)
Complete PMAY eligibility guide 2026: income categories, subsidy amounts, application process, documents required, and how to check your application status.
What Is PMAY?
Pradhan Mantri Awas Yojana (PMAY) is the government's flagship affordable housing scheme that provides interest subsidy on home loans for first-time buyers. The subsidy reduces your effective EMI significantly.
Eligibility Criteria
| Category | Annual Income | Subsidy | On Loan Up To | For Tenure |
|---|---|---|---|---|
| EWS | Up to Rs 3L | 6.5% | Rs 6L | 20 years |
| LIG | Rs 3L-6L | 6.5% | Rs 6L | 20 years |
| MIG-I | Rs 6L-12L | 4% | Rs 9L | 20 years |
| MIG-II | Rs 12L-18L | 3% | Rs 12L | 20 years |
Key Eligibility Requirements
- First-time buyer: You or your spouse must not own a pucca house anywhere in India
- Aadhaar mandatory: For identification
- Income proof: Salary slips, ITR, or Form 16
- Property carpet area limits: EWS: up to 30 sq mt, LIG: up to 60 sq mt, MIG-I: up to 120 sq mt, MIG-II: up to 150 sq mt
How Much Do You Save?
| Category | Subsidy Amount (NPV) | EMI Reduction (approx) |
|---|---|---|
| EWS/LIG | Rs 2.67L | Rs 2,200/month |
| MIG-I | Rs 2.35L | Rs 2,000/month |
| MIG-II | Rs 2.30L | Rs 1,900/month |
Use our EMI Calculator to see your EMI with and without PMAY subsidy.
Application Process
- Through your bank: Most banks (SBI, HDFC, ICICI) process PMAY applications along with home loan
- Online: Visit pmaymis.gov.in for direct application
- Common Service Centre (CSC): For in-person application
Documents Required
- Aadhaar card (all family members)
- Income proof (salary slips / ITR)
- Property details (agreement, builder details)
- Bank account details
- Caste certificate (for reservation categories)
- Affidavit: do not own pucca house
Check Application Status
Visit pmaymis.gov.in > Track Assessment > Enter Aadhaar or Application ID.
Common Reasons for Rejection
- Already own a pucca house (even if in another city)
- Spouse owns a house (joint eligibility check)
- Income exceeds category limit
- Property carpet area exceeds category limit
- Incomplete documentation
Use our Buy vs Rent Calculator alongside PMAY benefits to make your buying decision. Book a consultation for PMAY application guidance.
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