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Glossary term

PMAY

Pradhan Mantri Awas Yojana

🇮🇳India · FY 2026-27Reviewed Plain-English
Definition

What is PMAY?

PMAY is the central government's housing subsidy scheme. Under CLSS, eligible first-time buyers get up to ₹2.67 lakh interest subsidy on home loans. Income categories: EWS, LIG, MIG-I, MIG-II. Application via your home-loan bank.

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