Affordable homeownership in urban India has received a major financial boost under the newly expanded housing mission. If you are planning to purchase your first home, understanding pmay urban 2.0 subsidy eligibility 2026 can save you up to ₹2.5 Lakh to ₹3.5 Lakh in direct interest subsidies on your housing loan.
Administered by the Ministry of Housing and Urban Affairs through the PMAY Urban Official Portal, PMAY-U 2.0 targets 1 crore urban poor and middle-class families over a five-year period.
The revised scheme introduces higher property cost caps, updated income ceilings, and a streamlined digital application process integrated with primary lending banks. Here is a comprehensive guide to checking your eligibility, calculating interest savings, and applying online.