Interest Subsidy Scheme (ISS) under PMAY – Urban 2.0

Reference: INDIANBA/202603011801139688

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Description

Interest Subsidy Scheme (ISS) under Pradhan Mantri Awas Yojana - Urban 2.0 Interest Subsidy Scheme (ISS) under Pradhan Mantri Awas Yojana - Urban 2.0 (PMAY-U 2.0) is being implemented by our bank. Salient features and guidelines of Interest Subsidy Scheme (ISS) vertical under PMAY- U 2.0 is as under – 1) Subsidy will be provided on home loans sanctioned and disbursed on or after 01.09.2024. 2) The beneficiaries from EWS having annual household income up to ₹3 lakh, beneficiaries of LIG having annual household income of ₹3 lakh to ₹6 lakh and MIG beneficiaries with annual household income limit of ₹6 lakh to ₹9 Lakh will be eligible for Interest Subsidy Scheme. 3) A beneficiary family will comprise of husband, wife, unmarried sons and/or unmarried daughters. Families belonging to EWS/LIG/MIG segments, living in urban areas, should not own a pucca house (an all-weather dwelling unit) either in his/her name or in the name of any member of his/her family in any part of India. 4) The houses constructed/acquired/purchased with Central Assistance under the Scheme should be in the name of the female head of the household or in the joint name of the male head of the household and his wife and only in cases when there is no adult female member in the family, the house can be in the name of male member of the household. In cases where the applicant is a widower, unmarried, separated person, or transgender, the house will be made in the individual’s name. In case of death of beneficiary(s), the legal heir of the beneficiary will get the benefit under the scheme. 5) The broad features and eligibility criteria of the Interest Subsidy Scheme are provided in the table below: Parameters EWS/LIG/MIG Annual Household income Up to ₹9 lakh Maximum Housing Loan eligible ₹25 lakh Maximum House Value ₹35 lakh Maximum Carpet area (up to) in sqm 120 Maximum benefit of interest subsidy (₹) – Actual Release ₹1.80 lakh Maximum benefit of interest subsidy (₹) - NPV ₹1.50 lakh Page 1 of 3 6) Excl

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Tender Details

• Published 01 Mar 2026
• Closing N/A