Finding a home within your budget can be challenging, but several government-backed affordable housing schemes in India are making homeownership more accessible for millions. Here’s a quick guide to the most impactful initiatives you should know about in 2025.
Pradhan Mantri Awas Yojana (PMAY) – Urban and Gramin
PMAY is the flagship scheme aiming for “Housing for All” by 2028. PMAY-Urban targets city dwellers, offering interest subsidies up to 6.5% on home loans for eligible Economically Weaker Sections (EWS), Low-Income Groups (LIG), and Middle-Income Groups (MIG). PMAY-Gramin focuses on rural India, providing financial assistance for constructing pucca houses, with amounts up to ₹1.3 lakh in hilly regions. Eligibility depends on income brackets: up to ₹3 lakh (EWS), ₹3–6 lakh (LIG), and up to ₹18 lakh (MIG).
Credit Linked Subsidy Scheme (CLSS)
A key component of PMAY, CLSS provides direct interest subsidies on home loans, making EMIs lighter for first-time buyers. For instance, MIG-I families (earning ₹6–12 lakh/year) can get a 4% subsidy on loans up to ₹9 lakh for homes up to ₹40 lakh.
SWAMIH Fund
The Special Window for Affordable and Mid-Income Housing (SWAMIH) Fund was created to revive stalled housing projects, ensuring thousands of delayed homes are finally delivered. The fund prioritizes projects with a focus on affordable housing, with unit prices capped at ₹1–2 crore depending on the city. The latest budget has allocated ₹15,000 crore to complete 100,000 units, offering a significant boost to the sector.
Other Urban Initiatives
Schemes like the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and the Smart Cities Mission also support affordable urban living by improving infrastructure and sustainability.
With these schemes, affordable housing is becoming a reality for more Indians every year. For those seeking seamless property search and management solutions, Hexahome by Hexadecimal Software Pvt. Ltd. is your trusted partner in the journey to your dream home.
