About the Scheme
PMAY-Urban provides affordable housing for urban poor (EWS/LIG/MIG). PMAY-U 1.0 (2015-2024): 1.18 crore houses sanctioned; scheme completed. PMAY-U 2.0 launched August 2024: target 1 crore houses. As of Feb 2026: 13.61 lakh houses sanctioned under 2.0. Focus on EWS, LIG, and MIG segments with interest subsidy.
Target Beneficiaries: Urban EWS (income <₹3 lakh), LIG (₹3-6 lakh), MIG (₹6-18 lakh) households; tenants, slum dwellers, urban poor
Implementing Agency: Ministry of Housing and Urban Affairs, in collaboration with State/Union Territory Governments and Urban Local Bodies (ULBs).
Key Features
- PMAY-U 2.0 (Aug 2024): 1 crore houses target over 5 years
- 13.61 lakh houses sanctioned under PMAY-U 2.0 (as of Feb 2026)
- Four verticals: BLC, AHP, ARH (Affordable Rental Housing), ISS (Interest Subsidy Scheme)
- Interest subsidy: 4% on ₹8 lakh (EWS/LIG); 3% on ₹12 lakh (MIG-1); 3% on ₹18 lakh (MIG-2) — PMAY 2.0
- Women ownership mandatory for EWS/LIG beneficiaries
- Affordable Rental Housing Complexes (ARHCs) for urban migrants and poor
- Combined PMAY-U + PMAY-G budget FY2025-26: ₹78,126 crore
Eligibility Criteria
- The beneficiary family should not own a pucca house in their name or in the name of any family member in any part of India.
- Economically Weaker Section (EWS) families with an annual household income up to ₹3 lakh.
- Low Income Group (LIG) families with an annual household income between ₹3 lakh and ₹6 lakh.
- Middle Income Group (MIG-I and MIG-II) families are eligible specifically for the Credit Linked Subsidy Scheme (CLSS) component.