PM Awas Yojana (Urban)

Pradhan Mantri Awas Yojana (Urban) [PMAY-U] was launched on 25 June 2015 with the mission of providing affordable housing to all urban poor. The scheme operates through four verticals: In-situ Slum Redevelopment, Affordable Housing through Credit Linked Subsidy, Affordable Housing in Partnership, and Beneficiary Led Construction.

Under CLSS (Credit Linked Subsidy Scheme), eligible beneficiaries get interest subsidy on home loans. EWS/LIG category gets 6.5% subsidy, MIG-I gets 4%, and MIG-II gets 3% on eligible loan amounts.