Skip to content

Independent. Unsponsored. Built for India.

Live rates Repo rate 5.50% USD/INR ₹96.73 Gold 24K (10g) ₹1,49,430 All rates
Advertiser disclosure. Some links on this page are partner links. They never change our rankings. Read how

Credsir earns money when you apply for a product through some of the links on this site. That revenue funds the research. It does not buy a placement: our rankings come from a published scoring method that runs on the same data for every product, partner or not. Products we do not earn from appear in these lists whenever they win on the numbers — and several currently do.

Housing Schemes

PMAY Payment Status: Tracking Your Subsidy and Instalments

PMAY-U 2.0 pays up to ₹1.80 lakh interest subsidy in 5 yearly instalments into your home-loan account, so a partial credit is normal.

RM

Written by Rohan Mehta

Published 21 September 2026·5 min read

On this page9 sections
Credsir Housing Schemes guide cover with a house icon

Under PMAY-U 2.0, the home-loan interest subsidy of up to ₹1.80 lakh arrives in 5 equal yearly instalments. Your lender credits each one to your loan account and cuts the principal, so a single credit of about a fifth of the subsidy is normal. Your SMS alerts and loan statement show what has arrived.

Key facts

Item PMAY-U 2.0 Interest Subsidy Scheme (ISS)
Subsidy rate 4% a year on the first ₹8 lakh of the loan, for up to 12 years
Maximum subsidy ₹1.80 lakh actually released (net present value ₹1.50 lakh)
How it is paid 5 equal yearly instalments, credited to the loan account
Loan and house limits Loan up to ₹25 lakh; house value up to ₹35 lakh; carpet area up to 120 sq m
Loan tenure More than 5 years
Income limit ₹3 lakh (EWS), ₹6 lakh (LIG), ₹9 lakh (MIG) a year
Eligible loans Sanctioned and disbursed on or after 1 September 2024
Who pays it MoHUA, through a Central Nodal Agency (CNA), to your lender (PLI)

You can estimate the effect of a smaller principal on your instalment with the EMI calculator.

How the subsidy is released

The PMAY-U 2.0 guidelines set out this chain:

  1. You register your demand on the PMAY-U 2.0 portal. The portal checks for duplicates and issues an Application ID.
  2. The application goes to the lenders you selected, which check your eligibility and documents.
  3. Your lender sanctions and disburses the loan, then uploads a subsidy claim within 30 days of disbursement.
  4. The CNA re-checks the claim and shares approved claims with MoHUA.
  5. MoHUA releases subsidy monthly through the CNA to the lender.
  6. Within 7 days of getting the funds, the lender credits the subsidy to your loan account by cutting the principal. It also updates the portal.
  7. You get an SMS on your registered mobile with the amount and your beneficiary ID.

After a credit, your lender must ask whether you want a lower EMI or a shorter tenure. If you do not reply within 7 working days, the EMI is reduced.

Conditions your loan must meet before each instalment

ItemDetails
Loan is activeat the time of release.
More than 50% of the principal is still outstanding.
Geo-tagging is done.For a house under construction, it must be geo-tagged before each instalment. For a ready house you buy, geo-tagging follows the first instalment. The house must be geo-tagged as complete before the 4th instalment.
Approved layout plansubmitted to the lender, unless your state exempts such houses.

How to check PMAY payment status

Interest subsidy (ISS)

  1. Check SMS messages on the mobile number registered with your application.
  2. Download your home-loan account statement and look for a credit marked as PMAY or subsidy.
  3. Log in on the PMAY-U 2.0 portal (Login > Applicant login) with Aadhaar and OTP to see your application.
  4. If nothing shows, ask the branch’s designated PMAY officer whether your claim was uploaded and approved.

Lenders must display scheme details and contact details at their branches.

BLC and AHP assistance

Under Beneficiary Led Construction (BLC), the central assistance comes in three parts, 40:40:20, paid by direct benefit transfer to your bank account. Each part follows the geo-tagging of a construction stage. The ULB must approve a geo-tag you upload within 15 days, or it is approved automatically. The state must then pay within 7 days. Your ULB can tell you which stage is recorded. For AHP, the money goes to the project, not to you, so ask the ULB or developer about your allotment.

Rural PMAY-G

Track a PMAY-G payment under FTO Tracking on the AwaasSoft site. You need the FTO number or PFMS ID, which the block office can give you.

Why an instalment has not reached your account

  • Your lender has not uploaded the claim, or the CNA sent it back for clarification.
  • The house has not been geo-tagged for the stage due.
  • Principal outstanding has fallen to 50% or less.
  • The loan account is closed or overdue.
  • The loan, house value or income assessed by the lender is above the limits.
  • The yearly instalment is simply not due yet.

Prepaying, switching lender or selling

What you do Effect on the subsidy
Prepay heavily or close the loan Later instalments need an active loan with more than 50% principal outstanding, so they may stop
Balance transfer to another lender You cannot claim the subsidy again from the new lender. If you never claimed it from the first lender, you cannot claim it after the transfer.
Sell the house Selling is barred for 5 years from the first loan disbursement. A buyer cannot claim ISS on that property.
Loan turns NPA The lender recovers dues, and the subsidy is adjusted in proportion to the loan outstanding

Run the numbers with the prepayment calculator before a large part-payment, and weigh them against the subsidy still to come. Our guide on the PMAY home loan subsidy covers eligibility in full.

Complaint route

#ItemDetails
1Lenderstart with the branch, then the lender’s grievance cell.
2State Level Nodal Agencyholds monthly reviews with lenders to sort out beneficiaries’ problems.
3PMAY-U portaluse the grievance link (PGRAMS) on pmay-urban.gov.in or pmaymis.gov.in.
4CPGRAMSfile at pgportal.gov.in if the matter is still open.

The model agreement in the guidelines lists NHB, HUDCO and SBI as CNAs. Your lender can tell you which CNA it works with.

Frequently asked questions

How much PMAY subsidy will I get each year?

The maximum release is ₹1.80 lakh over 5 equal yearly instalments, so about ₹36,000 a year at the maximum. Your amount depends on your loan.

Is the PMAY 2.0 subsidy paid into my savings account?

No. Your lender credits it to your home-loan account and reduces the principal.

How do I check PMAY-U 2.0 status?

Use Applicant login on the PMAY-U 2.0 portal with your Aadhaar number and OTP. For the subsidy credit itself, check your loan statement and SMS.

Does the lender charge a processing fee under PMAY-U 2.0?

No, not on a loan up to the eligible amount; the government pays lenders ₹4,000 per sanctioned application instead. Normal fees can apply in proportion on any amount above that.

My loan was disbursed in July 2024. Can I get the subsidy?

No. ISS applies to loans sanctioned and disbursed on or after 1 September 2024.

Can I choose a lower EMI instead of a shorter tenure?

Yes. Your lender must offer the choice after each credit, and a lower EMI applies if you do not reply within 7 working days.

Sources

Related articles