Apply Online for Home Loan under PM Awas Yojana Credit Linked Subsidy Scheme

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PM Awas Yojana Hissar

PM Awas Yojana Credit Linked Subsidy Scheme

The PM Awas Yojana Credit Linked Subsidy Scheme provides subsidy on home loans for EWS and LIG categories under Pradhan Mantri Awas Yojana. The scheme was announced by our Honourable Prime Minister Narendra Modi and envisages the vision of housing for all by the year 2022.

Eligibility Criteria Under PM Awas Yojana Credit Linked Subsidy Scheme

  • Families comprising of husband, wife and unmarried children – they should not own a pucca house in his/ her name or in the name of any member of the family, in any part of India
  • Economically Weaker Section (EWS), whose annual household income is up to Rs. 3 lakh
  • Low Income Group (LIG) whose annual household income is above Rs.3 lakh and up to Rs. 6 lakh
  • The House constructed/acquired should be in the name of the female head of the household or in the joint names of male head of the household and his wife. Only in cases, where there is no adult female member of the family, the house can be in the name of the male member of the household.

Features of PM Awas Yojana Credit Linked Subsidy Scheme

  • Subsidy benefit of 6.5% p.a for first home buyers
  • Upfront subsidy benefit on principal outstanding

Applying Procedure for PM Awas Yojana Credit Linked Subsidy Scheme

Facility to apply online for Pradhan Mantri Awas Yojana will be available at about 60000 common service centers in urban areas across the country. An application cost of Rs. 25 will be charged by the CSC’s per application. Each application will be thoroughly reviewed and accepted only if the candidature of the applicant is found eligible as per the criteria.

Read More: Apply Online for Pradhan Mantri Awas Yojana || Complete Details

Once the application is approved, the applicants who have opted for subsidized housing loan will be provided facility to avail loan at subsidized interest rate. However, subsidy on interest will be provided on a loan of maximum Rs. 6 Lakh availed for a tenure of up to 15 years. In case the beneficiary avails more loan amount, then normal bank interest rate will be applicable on rest of the amount.

Read More: Latest News & Updates of Pradhan Mantri Awas Yojana Gramin

Complete List of 201 banks and Housing Finance Companies have signed MOU with Central Nodal Agencies for the PM Awas Yojana Credit Linked Subsidy Scheme

Category of PLI NHB HUDCO TOTAL
Housing Finance Companies 71 71
Public Sector Banks 25 2 27
Private Sector Banks 9 6 15
Regional Rural Banks 34 15 49
Co-Operative Banks 15 24 39
Total 154 47 201

List of PLI’s, Banks & HFC’s for Home Loan under PMAY

Sr. No. Primary Lending Institution (PLI) Website Address Associated Central Nodal Agency (CNA)
Housing Finance Companies (HFCs)
1 Aadhar Housing Finance Ltd. www.aadharhousing.com NHB
2 Aditya Birla Housing Finance Ltd. www.adityabirlahomeloans.com NHB
3 Akme Star Housing Finance Ltd. www.akmestarhousing.com NHB
4 Aptus Value Housing Finance India Ltd. www.aptusindia.com NHB
5 Aspire Home Finance Corporation Ltd. www.ahfcl.com NHB
6 AU Housing Finance Ltd. www.auhfin.in NHB
7 Can Fin Homes Ltd. www.canfinhomes.com NHB
8 Capital First Home Finance Ltd. www.capfirst.com NHB
9 Capri Global Housing Finance Private Limited www.cgcl.co.in NHB
10 Cent Bank Home Finance Ltd. www.cbhfl.com NHB
11 Dewan Housing Finance Corporation Ltd. www.dhfl.com NHB
12 DHFL Vyasa Housing Finance Ltd. www.dvhousing.com NHB
13 DMI Housing Finance Pvt. Ltd. www.dmihousingfinance.in NHB
14 Edelweiss Housing Finance Ltd. www.edelweissfin.com NHB
15 Equitas Housing Finance Pvt. Ltd. www.equitashf.in NHB
16 Fast Track Housing Finance Pvt. Ltd. www.fasttrackhfc.com NHB
17 Fullerton Home Finance Company Ltd. www.fullertonindia.com NHB
18 GIC Housing Finance Ltd. www.gichfindia.com NHB
19 GRUH Finance Ltd. www.gruh.com NHB
20 Habitat Microbuild India Housing Finance Company Pvt. Ltd. www.microbuildindia.com NHB
21 HBN Housing Finance Ltd. www.hbnhousing.com NHB
22 Hinduja Housing Finance Limited NHB
23 Home First Finance Company India Pvt. Ltd. www.homefirstindia.com NHB
24 Housing and Development Corporation Ltd. www.hudco.org NHB
25 Housing Development Finance Corporation Ltd. www.hdfc.com NHB
26 ICICI Home Finance Company Ltd. www.icicihfc.com NHB
27 India Bulls Housing Finance Ltd. www.indiabullshomeloans.com NHB
28 India Home Loan Ltd. www.indiahomeloan.co.in NHB
29 India Infoline Housing Finance Ltd. www.iiflhomeloans.com NHB
30 India Shelter Finance Corporation Ltd. www.indiashelter.in NHB
31 Khush Housing Finance Ltd. www.khfl.co.in NHB
32 L & T Housing Finance Ltd. www.lthousingfinance.com NHB
33 LIC Housing Finance Ltd. www.lichousing.com NHB
34 Magma Housing Finance www.magmahfc.co.in NHB
35 Mahindra Rural Housing Finance Ltd. www.mahindrahomefinance.com NHB
36 Mamata Housing Finance Company Pvt. Ltd. www.mamtahousingfinance.com NHB
37 Manipal Housing Finance Syndicate Ltd. www.manipalhousing.com NHB
38 Mannappuram Home Finance Pvt. Ltd. www.manappuram.com NHB
39 MAS Rural Housing and Mortgage Finance Ltd. www.mrhmfl.co.in NHB
40 Mentor Home Loans India Ltd. www.mentorhousing.com NHB
41 Micro Housing Finance Corporation Ltd. www.mhfcindia.com NHB
42 Muthoot Homefin (India) Ltd. www.muthootfinance.com NHB
43 Muthoot Housing Finance Company Ltd. www.muthootgroup.com NHB
44 National Trust Housing Finance Ltd. www.natrusthome.com NHB
45 New Habitat Housing Finance and Development Ltd. www.newhabitat.in NHB
46 Nivara Home finance limited www.nivarahousing.com NHB
47 North East Region Housing Finance Company Ltd. www.nerhofic.co.in NHB
48 Orange City Housing Finance Ltd. www.ochfl.com NHB
49 Panthoibi Housing Finance Company Ltd. www.phfcl.org.in NHB
50 PNB Housing Finance Ltd. www.pnbhousing.com NHB
51 RAAS Housing Finance (India) Ltd. www.raashfc.com NHB
52 Reliance Home Finance Ltd. www.reliancehomefinance.com NHB
53 Religare Housing Development Finance Corporation Ltd. www.religarehomeloans.com NHB
54 Repco Home Finance Ltd. www.repcohome.com NHB
55 Sahara Housing Fina Corporation Ltd. www.saharahousingfina.com NHB
56 Saral Home Finance Ltd. www.saraldhan.com NHB
57 SEWA Grih Rin Ltd. www.sgrlimited.in NHB
58 Shriram Housing Finance Ltd. www.shriramhousing.in NHB
59 Shubham Housing Development Finance Company Pvt. Ltd. www.shubham.co NHB
60 SRG Housing Finance Ltd. www.srghousing.com NHB
61 Sundaram BNP Paribas Home Finance Ltd. www.sundarambnpparibashome.com NHB
62 Supreme Housing Finance Limited www.supremehomeloans.com NHB
63 Swagat Housing Finance Company Ltd. www.swagathfc.in NHB
64 Swarna Pragati Housing Microfinance Private Limited www.swarnapragatihousing.com NHB
65 Tata Capital Housing Finance Ltd. www.tatacapitalhfl.com NHB
66 USB Housing Finance Corporation Ltd. www.usbhousing.in NHB
67 Vastu Housing Finance Corporation Ltd. www.vastuhfc.com NHB
68 Viva Home Finance Ltd. www.vivagroup.in NHB
69 West End Housing Finance Limited www.westendhfl.com NHB
70 Ummeed Housing Finance Private Limited www.ummeedhfc.com NHB
71 IKF Housing Finance Private Limited www.ikffinance.com NHB
 Public Sector Banks
1 Allahabad Bank www.allahabadbank.in NHB
2 Andhra Bank www.andhrabank.in NHB
3 Bank of Baroda www.bankofbaroda.co.in NHB
4 Bank of India www.bankofindia.com NHB
5 Bank of Maharashtra www.bankofmaharashtra.in NHB
6 Bhartiya Mahila Bank Ltd. www.bmb.co.in NHB
7 Canara Bank www.canarabank.in NHB
8 Corporation Bank www.corpbank.com NHB
9 Dena Bank www.denabank.co.in NHB
10 IDBI Bank Ltd. www.idbi.com NHB
11 Indian Bank www.indian-bank.com NHB
12 Indian Overseas Bank www.iob.in NHB
13 Oriental Bank of Commerce www.obcindia.co.in NHB
14 Punjab & Sind Bank www.psbindia.com NHB
15 Punjab National Bank www.pnbindia.in NHB
16 State Bank of Bikaner & Jaipur www.sbbjbank.com NHB
17 State Bank of Hyderabad www.sbhyd.com NHB
18 State Bank of India www.sbi.co.in NHB
19 State Bank of Mysore www.onlinesbm.com NHB
20 State Bank of Travancore www.statebankoftravancore.com NHB
21 Syndicate Bank www.syndicatebank.in NHB
22 UCO Bank www.ucobank.com NHB
23 Union Bank of India www.unionbankonline.co.in NHB
24 United Bank of India www.unitedbankofindia.com NHB
25 State Bank of Patiala www.sbp.co.in NHB
26 Central Bank of India www.centralbankofindia.co.in HUDCO
27 Vijaya Bank www.vijayabank.com HUDCO
Private Sector Banks
1 Axis Bank Ltd. www.axisbank.com NHB
2 DCB Bank Ltd. www.dcbbank.com NHB
3 ICICI Bank Ltd. www.icicibank.com NHB
4 Karnataka Bank Ltd. www.karnatakabank.com NHB
5 Karur Vysya Bank Ltd. www.kvb.co.in NHB
6 Tamilnad Mercantile Bank Ltd. www.tmb.in NHB
7 Catholic Syrian Bank www.csb.co.in NHB
8 The Federal Bank Ltd. www.federalbank.co.in NHB
9 Yes Bank www.yesbank.in NHB
10 City Union Bank www.cityunionbank.com HUDCO
11 Dhanlaxmi Bank Ltd. www.dhanbank.com HUDCO
12 J & K Bank www.jkbank.net HUDCO
13 Lakshmi Vilas Bank www.lvbank.com HUDCO
14 Nanital Bank Ltd. www.nainitalbank.co.in HUDCO
15 South Indian Bank Ltd. www.southindianbank.com HUDCO
Regional Rural Banks
1 Allahabad UP Gramin Bank www.allahabadgraminbank.in NHB
2 Andhra Pradesh Grameena Vikas Bank www.apgvbank.in NHB
3 Andhra Pragati Grameena Bank www.apgb.in NHB
4 Arunanchal Pradesh Rural Bank www.apruralbank.com NHB
5 Assam Gramin Bank www.agvbank.co.in NHB
6 Baroda Gujarat Gramin Bank www.bggb.in NHB
7 Dena Gujarat Gramin Bank www.dggb.co.in NHB
8 Karnataka Vikas Grameena Bank www.kvgbank.com NHB
9 Kerala Gramin Bank www.keralagbank.com NHB
10 Langpi Dehangi Rural Bank www.ldrb.org NHB
11 Madhya Bihar Gramin Bank www.mbgbpatna.com NHB
12 Maharashtra Gramin Bank www.mahagramin.in NHB
13 Manipur Rural Bank www.manipurruralbank.com NHB
14 Mizoram Rural Bank www.mizoramruralbank.com NHB
15  Nagaland Rural Bank NHB
16 Narmada Jhabua Gramin Bank www.njgb.in NHB
17 Pragathi Krishna Gramin Bank www.pragathikrishnabank.com NHB
18 Saurashtra Gramin Bank www.sgbrrb.org NHB
19 Utkal Grameen Bank www.ugb.co.in NHB
20 Chhattisgarh Rajya Gramin Bank www.cgbank.in NHB
21 Tripura Gramin Bank www.tripuragraminbank.org NHB
22 Madhyanchal Gramin Bank www.mgbank.co.in NHB
23 Odisha Gramiya Bank www.odishabank.in NHB
24 Kashi Gomti Samyut Bank www.kgsgbank.co.in NHB
25 Pandyan Grama Bank www.pandyangramabank.in NHB
26 Uttar Bihar Gramin Bank www.ubgb.in NHB
27 Prathama Bank www.prathamabank.org NHB
28 Gramin Bank of Aryavart www.aryavart-rrb.com NHB
29 Baroda Uttar Pradesh Gramin Bank www.barodagraminbank.com NHB
30 Punjab Gramin Bank www.pgbho.com NHB
31 Kaveri Grameena Bank www.kaverigrameenabank.com NHB
32 Sarva Haryana Gramin Bank www.shgb.co.in NHB
33 Central Madhya Pradesh Gramin Bank www.centralmpgraminbank.com NHB
34 Chaitanya Godavari Grameena Bank www.cggb.in NHB
35 Bangiya Gramin Vikas Bank www.bgvb.co.in HUDCO
36 Baroda Rajasthan Kshetriya Gramin Bank www.brkgb.com HUDCO
37 Bihar Gramin Bank www.bihargraminbank.in HUDCO
38 J&K Grameen Bank www.jkgb.in HUDCO
39 Jharkhand Gramin Bank www.jharkhandgraminbank.com HUDCO
40 Meghalaya Rural Bank www.meghalayaruralbank.co.in HUDCO
41 Rajasthan Marudhara Gramin Bank www.mgbbank.com HUDCO
42 Sarva UP Gramin Bank www.upgb.com HUDCO
43 Satluj Gramin Bank www.sgbbathinda.co.in HUDCO
44 Telangana Grameena Bank www.tgbhyd.in HUDCO
45 Uttarakhand Gramin Bank www.uttarakhandgraminbank.com HUDCO
46 Uttarbanga Kshetriya Gramin Bank www.ubkgb.org HUDCO
47 Vanachal Gramin Bank www.vananchalgraminbank.com HUDCO
48 Purvanchal Bank www.purvanchalbank.com HUDCO
49 Ellaquai Dehati Bank www.edb.org.in HUDCO
Co-operative Banks
1 Bombay Mercantile Co-operative Bank www.bmcbankltd.com NHB
2 Prime Co-operative Bank Ltd. www.primebankindia.com NHB
3 Punjab & Maharastra Co- operative Bank Ltd. www.pmcbank.com NHB
4 Rajkot Nagarik Sahakari Bank Limited www.rnsbindia.com NHB
5 Shri Mahila Sewa Sahakari Bank Ltd. www.sewabank.com NHB
6 The Ahmedabad Mercantile Co- operative Bank Ltd. www.amco-bank.com NHB
7 The Gujarat State Co-operative Bank Ltd www.gscbank.co.in NHB
8 The Kalyan Janata Sahakari Bank Ltd. www.kalyanjanata.in NHB
9 The West Bengal State Co- operative Bank Ltd. www.wbscb.com NHB
10 The Bharat Co-operative Bank (Mumbai) Ltd. www.bharatbank.com NHB
11 The Greater Bombay Co- operative Bank Ltd. www.greaterbank.com NHB
12 The Nawangar Co-operative Bank Ltd. www.nawanagarbank.co.in NHB
13 Citizen Credit Co-op Bank Limited www.citizencreditbank.com NHB
14 Sarvodaya Commercial Co- operative Bank www.sccbank.in NHB
15 Jalgaon Janata Sahakari Bank Ltd. www.jjsbl.com NHB
16 Bihar State Co-operative Bank Ltd. www.biharbank.bih.nic.in HUDCO
17 Chhattisgarh Rajya Sahakari Bank Maryadit www.cgapexbank.com HUDCO
18 Cosmos Co-operative Urban Bank Ltd. www.cosmosbank.com HUDCO
19 J&K State Cooperative Bank HUDCO
20 Jharkhand State Co-Operative Bank Ltd. www.jscb.gov.in HUDCO
21 Kalupur Commercial Co-operative Bank Ltd. www.kalupurbank.com HUDCO
22 Mahanagar Co-Operative Bank Ltd. www.mahanagarbank.com HUDCO
23 Mehsana Urban Co-Operative Bank Ltd. www.mucbank.com HUDCO
24 Mizoram Cooperative Apex Bank Ltd. www.mizoapex.com HUDCO
25 Nutan Nagarik Sahakari Bank Ltd. www.nutanbank.com HUDCO
26 Odisha State Cooperative Bank www.oscb.coop HUDCO
27 Sardar Bhiladwala Pardi People’s Co-Operative Bank Ltd. www.pardipeoplesbank.in HUDCO
28 Shikshak Sahakari Bank Ltd. www.shikshakbank.com HUDCO
29 Sikkim State Co-Operative Bank Ltd. HUDCO
30 The Goa State Co-Operative Bank Ltd. www.gscbgoa.com HUDCO
31 The Surat People’s Cooperative Bank Ltd. www.spcbl.in HUDCO
32 Sangli Urban Co-Operative Bank Ltd. www.sangliurbanbank.in HUDCO
33 Meghalaya Co-Operative Apex Bank Ltd. www.mcab.gov.in HUDCO
34 Karad Urban Co-Operative Bank Ltd. www.karadurbanbank.com HUDCO
35 Kerala State Co-Operative Bank Ltd. www.keralacobank.com HUDCO
36 Shree Panchganga Nagari Sahakari Bank Ltd. www.panchgangabank.com HUDCO
37 Uttarakhand State Cooperative Bank Ltd. www.ukstcbank.com HUDCO
38 The Punjab State Cooperative Bank Ltd. www.pscb.in HUDCO
39 Janta Sahakari Bank Ltd. www.janatabankpune.com HUDCO

NHB: National Housing Bank
HUDCO: Housing and Urban Development Corporation Ltd.

The list of some of the leading banks and finance institutions with links to read about PM Awas Yojana home loans under PM Awas Yojana Credit Linked Subsidy Scheme

Canara Bank: http://www.canarabank.com
Bank of India: http://www.bankofindia.co.in/
ICICI Bank: https://www.icicibank.com/
Corporation Bank: http://www.corpbank.com/
Punjab National Bank: https://www.pnbindia.in/
Bank of Baroda: http://www.bankofbaroda.co.in/
J&K Bank: http://www.jkslbc.com/
IDBI Bank: https://www.idbi.com/
Yes bank: https://www.yesbank.in/
Tata Capital: http://www.tatacapital.com/
IIFL Home Loans: http://www.iiflhomeloans.com/

The complete list can also be downloaded in PDF format from the official website of Ministry of Housing and Urban Poverty Alleviation using the link below
http://mhupa.gov.in/writereaddata/PLI31082016.pdf

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