PMAY-U 2.0
Pradhan Mantri Awas Yojana — Urban 2.0 (2024–2029)
PMAY-U 2.0 (2024–2029) is the second phase of Pradhan Mantri Awas Yojana Urban, targeting 1 crore additional houses. Phase 2 builds on Phase 1's 1.18 crore sanctioned houses with a larger ₹2.30 lakh crore total outlay. Key features: Enhanced central assistance (up to ₹2.5 lakh per EWS house vs ₹1.5 lakh in Phase 1); New MIG interest subsidy component revived (up to ₹1.8 lakh on home loans up to ₹25 lakh for households earning ₹6–18 lakh); Beneficiary-led construction (BLC) — direct grant to households for self-construction; In-situ slum redevelopment (ISSR); Affordable Housing in Partnership (AHP) with private developers. Women co-ownership remains mandatory for EWS/LIG.
Key Objectives
- Provide 1 crore additional pucca houses to urban poor and middle-income families by 2029.
- Revive interest subsidy for MIG (₹6–18 lakh income) through CLSS component.
- Complete in-situ slum redevelopment across major cities.
Benefits
Eligibility
- EWS: annual family income up to ₹3 lakh
- LIG: annual family income ₹3–6 lakh
- MIG: annual family income ₹6–18 lakh — interest subsidy on home loan
- Must not own pucca house anywhere in India
- EWS/LIG: co-ownership by women mandatory
- Self-declaration of not owning pucca house required
How to Apply
Check eligibility on pmaymis.gov.in
For EWS/LIG BLC: apply through Urban Local Body (ULB) or municipality
For MIG interest subsidy: apply through bank/housing finance company at time of home loan
Submit income certificate, Aadhaar, self-declaration of no pucca house
ULB/bank verifies and processes — central assistance disbursed in tranches
Required Documents
Frequently Asked Questions
What is the difference between PMAY Urban 1.0 and PMAY Urban 2.0?
PMAY-U 1.0 (2015–2024) targeted 1.18 crore houses with ₹1.5 lakh EWS assistance. PMAY-U 2.0 (2024–2029) targets 1 crore additional houses with enhanced ₹2.5 lakh EWS assistance, revived MIG interest subsidy of ₹1.8 lakh, and ₹2.30 lakh crore total budget.
My family income is ₹12 lakh. Am I eligible for PMAY 2.0?
Yes — you fall in MIG-I (₹6–12 lakh). Under PMAY-U 2.0, MIG households are eligible for interest subsidy up to ₹1.8 lakh on home loans up to ₹25 lakh (CLSS component). Apply through your bank/HFC at the time of taking a home loan. You do not get the direct central assistance — that's EWS/LIG only.