ELIGIBILITY CRITERIA -HOUSING LOAN UNDER PRADHAN MANTRI AWAS YOJANA SCHEME

Category of borrower	EWS / LIG	MIG-I	MIG-II
Family definition: Husband &wife &non-earning children)	Our HL should be 1st home (no pucca house to be existing in the name of Husband& Wife (Earning son/Daughter(irrespective of their martial status)  to be treated  as separate Family & can avail subsidy separately for their 1st home)
Gross annual income (including proposed rental income, agri.income, as considered at the time of sanction to compute EMI/NMI ratio)	EWS- upto 3 lacs LIG-Rs.3.01-Rs.6 lacs	Rs. 6.01-12.00 lakhs	Rs. 12.01-18.00 lakhs
Carpet area	No carpet area ceiling for EWS/LIG borrower for construction/ acquiring a new house/flat; For old house purchase/acquisition:  EWS: <=30 sq.mt &  LIG: <=60 sq.mt	<=120 Sq.mt  (<=1292 sq.ft)	<=150 sq.mt (<=1614 sq.ft)
Property location at	Statutory urban towns    (House plan & permissions by Town Municipal authorities) 4315 statutory towns are notified by GOI
Woman Ownership	Yes (Female must be owner/Co-owner  in case of purchase/construction of new house/new Flat) Note: Female is not required as owner or co-owner  in case of construction of house on a existing plot owned by male borrower	No ownership restrictions  for purchase/construction by male or female property owner
TAKEOVER of HLs from One Bank to Other Bank	HLs sanctioned by other banks on or after 17.06.2015& taken over by another Bank are eligible (obtain certificate from other bank that claim not sent/not received subsidy)	HLs sanctioned by other banks on or after 01.01.2017 & taken over by another Bank are eligible  ( obtain certificate from other bank that claim not sent/not received subsidy)
PMAY Subsidy computation	Rs.6 lacs(max)X9%(NPV)X20 yrs= Rs.2.67 lacs (max)	Rs.9 lacs (max)X9%X20 yrs=Rs.2.35 lacs	Rs.12 lacs (max)X9%X20 yrs=Rs.2.30 lacs
Validity of PMAY scheme	31/03/2022	31/03/2019	31/03/2019