PM Awas Yojana Credit Linked Subsidy Scheme
The PM Awas Yojana Credit Linked Subsidy Scheme provides subsidies on home loans for EWS and LIG categories under Pradhan Mantri Awas Yojana. The scheme was announced by our Honorable 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 the 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
CLSS Toll-Free Helpline Numbers
NHB: 1800-11-3377, 1800-11-3388
HUDCO: 1800-11-6163
SBI : 1800-11-2018