Eligibility Checklist for PMAY 2026 House Purchase

Prospective homebuyers should follow a clear checklist before applying for PMAY 2026: 1. Determine your annual household income and identify the relevant bracket (LIG or MIG). 2. Confirm that no immediate family member owns a pucca dwelling. 3. Choose a property that meets the scheme’s pricing limits. 4. Secure a home loan from a bank that participates in the Credit Linked Subsidy Scheme. 5. Submit precise income statements, address proof, and property documents. 6. Ensure this is your first home purchase if the component requires first‑time ownership. Meeting each point helps secure the interest subsidy, which is credited against the loan principal, reducing the effective interest rate and making homeownership more affordable.