Government scheme · First-time home buyers
Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U)
PMAY-Urban 2.0 helps urban families buy or build their first pucca house. Its Interest Subsidy Scheme reduces the interest burden on a home loan for eligible families.
Visit official websiteWho can apply
- Urban families from economically weaker sections (EWS), low income group (LIG) and middle income group (MIG), within the scheme’s income limits
- The family must not own a pucca house anywhere in India
Key features
- Interest subsidy on the home loan, credited to your loan account in instalments
- Loan amount and property value limits apply
- Available through banks, housing finance companies and other primary lending institutions
How to apply
- Apply on the PMAY-Urban portal or through your home loan lender
- Submit your income, identity and property documents
Need money sooner?
Check your pre-approved Bachatt Insta Loan offer — up to ₹5 lakh from RBI-regulated partner banks and NBFCs, with no paperwork.
Frequently asked questions
Can I get PMAY subsidy if I already own a house?+
No. The family must not own a pucca house anywhere in India.
More government loan schemes
See all government loan schemesThis page is for information only. Bachatt is not affiliated with this scheme; the scheme name belongs to the Government of India and its agencies. Limits, rates and eligibility change from time to time — always check the official website before you apply.