PMAY-U 2.0 interest subsidy: up to ₹1.80 lakh for eligible urban buyers
PMAY-Urban 2.0 (notified 1 September 2024, running to 31 March 2029) replaced the closed PMAY-U 1.0 CLSS.
- PMAY-Urban 2.0 was notified on 1 September 2024 and runs to 31 March 2029.
- SBI, NHB and HUDCO are the central nodal agencies.
- Do not budget the old 1.0 MIG figure of ₹2.35 lakh — that scheme is closed.
What PMAY-U 2.0 pays
PMAY-Urban 2.0 was notified on 1 September 2024 and runs to 31 March 2029. It replaced the closed PMAY-U 1.0 credit-linked subsidy. Eligible EWS / LIG / selected MIG households with no pucca house anywhere in India can get an interest subsidy of up to ₹1.80 lakh (4 per cent on the first ₹8 lakh of the loan, tenure up to 12 years).
How to apply
SBI, NHB and HUDCO are the central nodal agencies. Apply through an empanelled lender and track the claim on the PMAY-U portal.
Do not use the old CLSS figure
Do not budget the old 1.0 MIG figure of ₹2.35 lakh — that scheme is closed. Income, carpet-area and “no pucca house” tests are on the portal, not in this briefing.
Source
PropYaar is not a lender and does not process subsidy claims.
PropYaar is not a lender and does not process subsidy claims.
Ask Yaar — it has this article and the underlying data as context.
Collates official publications and published trackers for Hyderabad and Telangana buyers. Every figure is cited. We do not appraise individual units.