PMAY Subsidy Calculator
Calculate your PMAY subsidy benefit based on household income, loan amount, and property details.
Subsidy Amount
₹0
EMI Without Subsidy
₹21,696
EMI With Subsidy
₹21,696
Monthly Saving
₹0
Total Saving
₹0
Income Category
LIG (Lower Income Group)
Property area (800 sq ft) exceeds the maximum carpet area limit of 645 sq ft for LIG (Lower Income Group).
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What is PMAY CLSS?
Pradhan Mantri Awas Yojana (PMAY) is a government scheme aimed at providing affordable housing for all. The Credit Linked Subsidy Scheme (CLSS) under PMAY provides interest subsidy on home loans to eligible beneficiaries based on their annual household income category, reducing the effective EMI and making home ownership more affordable.
Income Categories and Subsidy Rates
EWS (up to Rs 3 lakh): 6.5% subsidy on Rs 6 lakh for 20 years, max 30 sqm carpet area.
LIG (Rs 3-6 lakh): 6.5% subsidy on Rs 6 lakh for 20 years, max 60 sqm carpet area.
MIG-I (Rs 6-12 lakh): 4% subsidy on Rs 9 lakh for 20 years, max 160 sqm carpet area.
MIG-II (Rs 12-18 lakh): 3% subsidy on Rs 12 lakh for 20 years, max 200 sqm carpet area.
How is Subsidy Calculated?
The subsidy is calculated as the Net Present Value (NPV) of the interest difference at a 9% discount rate over the eligible tenure. The subsidy amount is credited upfront to the loan account, reducing the outstanding principal and thereby reducing the EMI for the entire loan tenure.