Pradhan Mantri Awas Yojana Eligibility Calculator

PMAY Eligibility Calculator

• PMAY eligibility calculator is a financial tool that has been customised for determining one’s eligibility for the scheme. The tool allows PMAY housing loan borrowers to estimate the interest subsidy they will be entitled to post securing the required financing.

• All one will need to do is enter the factors which will be taken into consideration while calculating the PMAY subsidy that they can avail. These are the likes of the loan amount, household’s annual income, the interest rate and tenure.

• To Calculate the subsidy savings, you have to check the pradhan mantri eligibility criteria that falls under the Credit Linked Subsidy Scheme category that you are qualified for.

How to Check PMAY Eligibility Online? 

Here’s how you can check the PMAY eligibility online:

• Step 1: Input the total annual household/family income in the online PMAY eligibility calculator.

• Step 2: Choose the required loan amount.

• Step 3: Opt for a suitable tenure for your Home Loan for the subsidy computation (Please ensure that your tenure does not exceed a span of 20 years).

• Step 4: Enter the carpet area of the property in the calculator and then confirm that it is your first pucca home, in order to complete the checking procedure of your PMAY eligibility online for the interest subsidy.

After the completion of these steps, the amount of total subsidy which will be available to you will be calculated and then displayed on your screen. The CLSS category which you are qualified for will also be displayed. This calculator aids you to check your eligibility for PMAY online with a few clicks and with accuracy.

How to Use the PMAY Scheme Calculator?

It is extremely simple to check the PMAY eligibility online. All you have to do is enter the,

• Annual Family Income 

• Loan Amount

• Tenure (Minimum 12 to 240 Months)

• Information Related to Pucca House

• Is women Ownership Present in the Property Under Consideration

Once you enter all the values, the estimated PMAY Eligibility result will appear in the calculating tool.

Pradhan Mantri Awas Yojana Eligibility Criteria

Below mentioned is the PMAY eligibility criteria divided into different groups:

Additional pointers under PMAY Eligibility Criteria:

• Minority Groups: People hailing from minority groups, such as SC,ST and OBC, among others, will fall under minorities. To be considered under the scheme, these people need to meet to provide the relevant income and caste certificates.

• Women Entrepreneurship Encouragement: Women that belong to the EWS and LIG categories will be given preferential treatment under this scheme.

• The applicant or their family must not own a house anywhere in India.

• If a married couple is applying for a loan, either a single or a joint ownership deal is allowed. And both the options will receive just one subsidy.

• The applicant’s family must not be past beneficiaries of any Indian government-run housing-related schemes.

• Additionally, if the beneficiary is a family, the unit must consist of a husband, wife and unmarried children.