Awas Yojana Credit Linked Subsidy Scheme 2020 |PMAY Loan Subsidy How to Apply


In this article, you will know all about the Credit Linked Subsidy Scheme (CLSS) part of Pradhan Mantri Awas Yojana. Under this component, Subsidy of up to 2.5 Lakhs is given on the Awas Yojana Loan. If you are eligible, you can avail of the PMAY Home loan and get the benefit of up to Rs. 2.5 Lakh under the said subsidy scheme. In this article, we are trying to share all the information that you must know in order to benefit from the CLSS. Let’s not waste time and get started right away.

हिंदी में पढ़ें

Pradhan Mantri Awas Yojana Credit Linked Subsidy Scheme

Pradhan Mantri Awas Yojana (PMAY) is a Government of India initiative that makes housing remotely affordable for the population falling under urban poor. The objective is to build 20 million houses affordable for the urban poor by March 31, 2022.

There are two branches of this scheme – Pradhan Mantri Awas Yojana (Urban) (PMAY-U) for the urban poor and Pradhan Mantri Awaas Yojana (Gramin). It is further converged with other prevalent schemes to ensure that these houses have proper toilet arrangements via Swachh Bharat, electricity connection via Saubhagya Yojana, LPG gas connection via Ujjwala Yojana, access to clean drinking water, and banking facilities via Jan Dhan Yojna. As of December 28, 2019, a total of 1 crore homes have been approved against a total budget of Rs. 1.12 crore.

Although the last date to apply for PMAY was March 31, 2021, it has been extended to March 31, 2022.

What is the eligibility for Pradhan Mantri Awas Yojana (PMAY)?

One of the components of the scheme will be initiated as a Credit Linked Subsidy Scheme, which means that the housing loan will have interest rate concessions and will be offered to certain categories of people. The categories eligible for the PMAY under Credit Linked Subsidy Scheme are:

  • Lower Income Group or Economically Weaker Section: This section will cover individuals whose annual income is between Rs. 3 Lakh and Rs. 6 Lakh
  • Middle Income Group I: This section will cover individuals whose annual income is between Rs. 6 Lakh – Rs. 12 Lakh.
  • Middle Income Group II: This section will cover individuals whose annual income is between Rs. 12 Lakh – Rs. 18 Lakh.

Basically, the subsidy amount for PMAY CLSS amounts to Rs 2,35,068 and Rs 2,30,156 for the MIG-I and MIG-II scheme respectively.

The other eligibility requirements includes the following:

  • To avail this scheme, it is  mandatory for the property ownership to contain a female membership.
  • It is compulsory that one female co-owns the property
  • The applicant should not have a pucca or cemented houses in possession
  • The location of the property desired should be within the statutory towns stated in the 2011 census.
  • There are no other government housing assistance that the applicant is availing at the time of taking this laon

Is there no way for people who already own a pucca house to avail this loan?

The benefits provided by the PMAY scheme with Credit Linked Subsidy can only be availed by people who are looking to acquire a brand new home from a builder or developer or purchase an already existing one from the secondary market via repurchase. Other than that, one can also avail of the loan for constructing a house from scratch.

But the question looming on many minds is whether a person with an already existing house can avail of this loan. Well, there’s a possibility of this.

Apart from catering to brand new houses, this loan also caters to enhancement or additional construction of the existing pucca house. So if someone wants to avail of the loan to repair the bathroom or kitchen or even add a new room to the already existing house, then that person will receive approval for the same. The authorities cannot reject the application for PMAY in such scenarios under the clause that it is not for a new home. Applicants should take care of this while applying so that they know that they have the right to get the loan as well.

How to apply for Pradhan Mantri Awas Yojana (PMAY) online?

The process for applying for Pradhan Mantri Awas Yojana (PMAY) is simple and is just a 2-page procedure. Below is a brief about the two pages:

  • Page 1: On page 1, you will need to enter your Aadhaar number. Once that gets verified, you will be directed to the next page.
  • Page 2: On page 2, you will be asked to enter personal details. You will need to provide information regarding your place of residence, current address, family details, and other such information.

Below is a step-by-step guideline on how to apply for this loan/Subsidy:

  1. Visit the official website for Pradhan Mantri Awas Yojana (PMAY) at pmaymis.gov.in
  2. In the Citizen Assessment dropdown, click on Benefit Under Other 3 Components.
Awas yojana subsidy scheme
  1. You will be directed to the below page.
Credit linked subsidy scheme apply online
  1. Enter your Aadhar number and the name as per your Aadhar.
  2. You will be redirected to the next page where you will need to fill other relevant information. 
  1. Enter the CAPTCHA at the end and click submit once you have entered all the relevant information.
  2. You can also take a print out of the filled form if required.

How to apply for Pradhan Mantri Awas Yojana (PMAY) offline?

To apply offline, here’s what you will need to do:

  1. Visit a CSC or Common Service Centre located nearby your place of residence. These centers are operated by the state and union territory governments.
  2. Once you reach there, ask for a form to apply for the Pradhan Mantri Awas Yojana (PMAY)  Credit Linked Subsidy scheme.
  3. The officials will hand over a form and will ask you to pay Rs.25 plus GST.
  4. Fill up the form and submit.

Please note that there are no private entities that are authorized by the Ministry of Housing and Urban Affairs (MOHUA) to distribute forms for the PMAY scheme or collect fees from any beneficiary in the name of the scheme. Please be aware of fraudsters.

How to check the status of your PMAY application online?

You can check the status of your PMAY application online by following the steps provided below:

  1. Visit the official website for Pradhan Mantri Awas Yojana (PMAY) at pmaymis.gov.in.
  2. In the Citizen Assessment dropdown, click on Track Your Assessment Status.
Credit linked subsidy status
  1. You can check via two options.
Check status of awas yojana loan subsidy
  1. Choose the one you are comfortable with. Enter the relevant details and you will be able to view the status of your application.

List of Banks/Financial Institutions that provide Awas Yojana Subsidy

No.Name of the PLIWebsite Address
  PUBLIC SECTOR BANKS*
1.Allahabad Bankwww.allahabadbank.in
2.Andhra Bankwww.andhrabank.in
3.Bank of Barodawww.bankofbaroda.co.in
4.Bank of Indiawww.bankofindia.com
5.Bank of Maharashtrawww.bankofmaharashtra.in
No.Name of the PLIWebsite Address
6.Canara Bankwww.canarabank.in
7.Central Bank of Indiawww.centralbankofindia.co.in
8.Corporation Bankwww.corpbank.com
9.Dena Bankwww.denabank.co.in
10.IDBI Bank Ltd.www.idbi.com
11.Indian Bankwww.indian-bank.com
12.Indian Overseas Bankwww.iob.in
13.Oriental Bank of Commercewww.obcindia.co.in
14.Punjab & Sind Bankwww.psbindia.com
15.Punjab National Bankwww.pnbindia.in
16.State Bank of Indiawww.sbi.co.in
17.Syndicate Bankwww.syndicatebank.in
18.UCO Bankwww.ucobank.com
19.Union Bank of Indiawww.unionbankonline.co.in
20.United Bank of Indiawww.unitedbankofindia.com
21.Vijaya Bankwww.vijayabank.com
  PRIVATE SECTOR BANKS
1.Axis Bank Ltd.www.axisbank.com
2.Bandhan Bank Ltd.www.bandhanbank.com
3.City Union Bankwww.cityunionbank.com
4.DCB Bank Ltd.www.dcbbank.com
5.Dhanlaxmi Bank Ltd.www.dhanbank.com
6.Deutsche Bank AGwww.deutschebank.co.in
7.ICICI Bank Ltd.www.icicibank.com
8.IDFC Bank Ltd.www.idfcbank.com
9.Jammu & Kashmir Bank Ltd.www.jkbank.net
10.Karnataka Bank Ltd.www.karnatakabank.com
11.Karur Vysya Bankwww.kvb.co.in
12.Kotak Mahindra Bank Ltd.www.kotak.com
13.Nanital Bank Ltd.www.nainitalbank.co.in
14.SBM Bank (Mauritius) Ltd.www.sbmgroup.mu
15.South Indian Bank Ltd.www.southindianbank.com
No.Name of the PLIWebsite Address
16.Tamilnad Mercantile Bank Ltd.www.tmb.in
17.The Catholic Syrian Bank Ltd.www.csb.co.in
18.The Federal Bank Ltd.www.federalbank.co.in
19.The Lakshmi Vilas Bank Ltd.www.lvbank.com
20.Yes Bankwww.yesbank.in
  REGIONAL RURAL BANKS
1.Allahabad UP Gramin Bankwww.allahabadgraminbank.in
2.Andhra Pragathi Grameena Bankwww.apgb.in
3.Andhra Pradesh Grameena Vikas Bankwww.apgvbank.in
4.Arunachal Pradesh Rural Bankwww.apruralbank.com
5.Assam Gramin Vikas Bankwww.agvbank.co.in
6.Bangiya Gramin Vikas Bankwww.bgvb.co.in
7.Baroda Gujarat Gramin Bankwww.bggb.in
8.Baroda Rajasthan Kshetriya Gramin Bankwww.brkgb.com
9.Baroda Uttar Pradesh Gramin Bankwww.barodagraminbank.com
10.Bihar Gramin Bankwww.bihargraminbank.in
11.Central Madhya Pradesh Gramin Bankwww.centralmpgraminbank.com
12.Chaitanya Godavari Grameena Bankwww.cggb.in
13.Chhattisgarh Rajya Gramin Bankwww.cgbank.in
14.Dena Gujarat Gramin Bankwww.dggb.co.in
15.Ellaquai Dehati Bankwww.edb.org.in
16.Gramin Bank of Aryavartwww.aryavart-rrb.com
17.Himachal Pradesh Gramin Bankwww.himachalgraminbank.org
18.J&K Grameen Bankwww.jkgb.in
19.Jharkhand Gramin Bankwww.jharkhandgraminbank.com
20.Karnataka Vikas Grameena Bankwww.kvgbank.com
21.Kashi Gomti Samyut Bankwww.kgsgbank.co.in
22.Kaveri Grameena Bankwww.kaverigrameenabank.com
23.Kerala Gramin Bankwww.keralagbank.com
24.Langpi Dehangi Rural Bankwww.ldrb.org
25.Madhyanchal Gramin Bankwww.mgbank.co.in
26.Maharashtra Grameen Bankwww.mahagramin.in
No.Name of the PLIWebsite Address
27.Meghalaya Rural Bankwww.meghalayaruralbank.co.in
28.Mizoram Rural Bankwww.mizoramruralbank.com
29.Nagaland Rural Bank 
30.Narmada Jhabua Gramin Bankwww.njgb.in
31.Pallavan Grama bankwww.pallavangramabank.in
32.Pandyan Grama Bankwww.pandyangramabank.in
33.Pragathi Krishna Gramin Bankwww.pragathikrishnabank.com
34.Prathama Bankwww.prathamabank.org
35.Puduvai Bharathiar Grama Bankwww.puduvaibharathiargramabank.in
36.Punjab Gramin Bankwww.pgbho.com
37.Purvanchal Bankwww.purvanchalbank.com
38.Rajasthan Marudhara Gramin Bankwww.mgbbank.com
39.Saptagiri Grameena Bankwww.saptagirigrameenabank.in
40.Sarva Haryana Gramin Bankwww.shgb.co.in
41.Sarva UP Gramin Bankwww.upgb.com
42.Satluj Gramin Bankwww.sgbbathinda.co.in
43.Saurashtra Gramin Bankwww.sgbrrb.org
44.Telangana Grameena Bankwww.tgbhyd.in
45.Uttarakhand Gramin Bankwww.uttarakhandgraminbank.com
46.Uttarbanga Kshetriya Gramin Bankwww.ubkgb.org
47.Uttar Bihar Gramin Bankwww.ubgb.in
48.Vanachal Gramin Bankwww.vananchalgraminbank.com
49.Vidharbha Konkan Gramin Bankwww.vkgb.co.in
  CO-OPERATIVE BANKS
1.Abhyudaya Co-Operative Bank Ltd.www.abhyudayabank.co.in
2.Adarsh Co-Operative Bank Ltd. 
3.A.P. Mahesh Co-Op Urban Bank Ltd.www.apmaheshbank.com
4.Assam Co-Operative Apex Bankwww.apexbankassam.com
5.Bombay Mercantile Co-Operative Bank Ltd.www.bmcbankltd.com
6.Chhattisgarh Rajya Sahakari Bank Maryaditwww.cgapexbank.com
7.Citizen Credit Co-op Bank Ltd.www.citizencreditbank.com
8.Cosmos Co-operative Urban Bank Ltd.www.cosmosbank.com
No.Name of the PLIWebsite Address
9.Dombivli Nagari Sahakari Bank Ltd.http://dnsbank.in
10.J&K State Cooperative Bank 
11.Jalgaon Janata Sahakari Bank Ltd.www.jjsbl.com
12.Janaseva Sahakari Bank Ltd.www.janasevabankpune.net
13.Janta Sahakari Bank Ltd.www.janatabankpune.com
14.Kallappanna Awade Ichalkaranji Janta Sahakari Bank Ltd.www.ijsbank.com
15.Kalupur Commercial Co-operative Bank Ltd.www.kalupurbank.com
16.Karad Urban Co-Operative Bank Ltd.www.karadurbanbank.com
17.Lakhimpur Urban Co-Operative Bank Ltd.www.lakhimpurucb.org
18.Malviya Urban Cooperative Bank Ltd.www.malviyabank.com
19.Meghalaya Co-Operative Apex Bank Ltd. 
20.Mehsana Urban Co-Operative Bank Ltd.www.mucbank.com
21.NKGSB Co Operative Bank Ltd.www.nkgsb-bank.com
22.Nutan Nagarik Sahakari Bank Ltd.www.nutanbank.com
23.Odisha State Cooperative Bankwww.oscb.coop
24.Prime Co-operative Bank Ltdwww.primebankindia.com
25.Punjab & Maharashtra Cooperative Bank Ltdwww.pmcbank.com
26.Rajarambapu Sahakari Bank Ltd.www.rajarambapubank.org
27.Rajkot Nagarik Sahakari Bank Ltdwww.rnsbindia.com
28.Sangli Urban Co-Operative Bank Ltd.www.sangliurbanbank.in
29.Saraswat Cooperative Bank Ltd.www.saraswatbank.com
30.Sardar Bhiladwala Pardi People’s Co-Operative Bank Ltd.www.pardipeoplesbank.in
31.Sarvodaya Commercial Co-operative Bank Ltd.www.sccbank.in
32.Shivalik Mercantile Co-Operative Bankwww.shivalikbank.com
33.Shree Panchganga Nagari Sahakari Bank Ltd.www.panchgangabank.com
34.Shri Mahalaxmi Co-Op Bank Ltd.www.shrimahalaxmibankkolhapur.com
35.Shri Mahila Sewa Sahakari Bank Ltd.www.sewabank.com
36.Sikkim State Co-Operative Bank Ltd. 
37.SUCO Souharda Sahakari Bank Ltd.http://sucobank.in/
38.SVC Co-Operative Bank Ltd.www.svcbank.com
39.The Ahmedabad Mercantile Co- operative Bank Ltd.www.amco-bank.com
40.The Arunachal Pradesh State Cooperative Apex Bank Ltd. 
41.The Bharat Co-operative Bank (Mumbai) Ltd.www.bharatbank.com
42.The Central Co-Operative Bank Ltd. 
No.Name of the PLIWebsite Address
43.The Goa State Co-Operative Bank Ltd.www.gscbgoa.com
44.The Greater Bombay Cooperative Bank Ltd.www.greaterbank.com
45.The Gujarat State Cooperative Bank Ltdwww.gscbank.co.in
46.The Himachal Pradesh State Cooperative Bank Ltd.http://hpscb.com/
47.The Jalgaon Peoples Co-Operative Bank Ltd.www.jpcbank.com
48.The Kalyan Janata Co-operative Bankwww.kalyanjanata.in
49.The Kurmanchal Nagar Sahakari Bank Ltd.www.kurmanchalbank.com
50.The Maharashtra State Co-operative Bank Ltd.www.mscbank.com
51.The Nawangar Co-operative Bank Ltd.www.nawanagarbank.co.in
52.The Pandharpur Urban Co-Operative Bank Ltd.www.pandharpurbank.com
53.The Punjab State Cooperative Bank Ltd.www.pscb.in
54.The Surat People’s Cooperative Bank Ltd.www.spcbl.in
55.The Udaipur Mahila Samridhi Urban Co-op. Bank Ltd.www.samridhibank.com
56.The Visakhapatnam Co-operative Bank Ltd.www.vcbl.in
57.TJSB Sahakari Bank Ltd.www.tjsbbank.co.in
58.Uttarakhand State Cooperative Bank Ltd.www.ukstcbank.com
  HOUSING FINANCE COMPANIES (HFCs)
1.Aadhar Housing Finance Ltd.www.aadharhousing.com
2.Aavas Financiers Ltd. (formally known as AU Housing Finance Ltd.)  www.auhfin.in
3.Aditya Birla Housing Finance Limitedwww.adityabirlahomeloans.com
4.Akme Star Housing Finance Ltd.www.akmestarhousing.com
5.Altum Credo Home Finance Private Ltd.www.altumcredo.com
6.Anand Housing Finance Pvt. Ltd. 
7.Aptus Value Housing Finance India Ltd.www.aptusindia.com
8.Art Affordable Housing Finance (India) Ltd. (formally known as RAAS Affordable Housing Finance (India) Ltd.)www.raashfc.com    or www.arthfc.com
9.Aspire Home Finance Corporation Ltd.www.ahfcl.com
10.Bajaj Housing Finance Ltd.www.bajajfinserv.in
11.Bee Secure Home Finance Pvt. Ltd.www.incred.com
12.Canfin Homes Ltd.www.canfinhomes.com
13.Capital First Home Finance Ltd.www.capfirst.com
No.Name of the PLIWebsite Address
14.Capri Global Housing Finance Pvt. Ltd.www.cgcl.co.in
15.Cent Bank Home Finance Ltd.www.cbhfl.com
16.Centrum Housing Finance Ltd.www.centrum.co.in
17.Dewan Housing Finance Corporation Ltd.www.dhfl.com
18.DHFL Vyasa Housing Finance Ltd.www.dvhousing.com
19.DMI Housing Finance Pvt. Ltd.www.dmihousingfinance.in
20.Edelweiss Housing Finance Limitedwww.edelweissfin.com
21.Essel Finance Home loans Ltd.Not Available
22.Fast Track Housing Finance Pvt. Ltd.www.fasttrackhfc.com
23.Fullerton Home Finance Company Ltd.www.fullertonindia.com
24.GIC Housing Finance Ltd.www.gichfindia.com
25.Gruh Finance Ltd.www.gruh.com
26.Hinduja Housing Finance Ltd.www.hindujahousingfinance.com
27.Home First Finance Corporation Ltd.www.homefirstindia.com
28.HomeShree Housing Finance Ltd. (formerly known as USB Housing Finance Corporation Ltd.)  www.usbhousing.in
29.Housing and Urban Development Corporation Ltd.www.hudco.org
30.Housing Development Finance Corporation Ltd.www.hdfc.com
31.ICICI Home Finance Company Ltdwww.icicihfc.com
32.IKF Housing Finance Pvt. Ltd.www.ikffinance.com
33.India Home Loans Ltd.www.indiahomeloan.co.in
34.India Infoline Housing Finance Ltd.www.iiflhomeloans.com
35.India Shelter Finance Corporation Ltd.www.indiashelter.in
36.Indiabulls Housing Finance Ltd.www.indiabullshomeloans.com
37.IndoStar Home Finance Pvt. Ltd.www.indostarcapital.com
38.JM Financial Home Loans Ltd. 
39.Khush Housing Finance Ltd.www.khfl.co.in
40.KIFS Housing Finance Pvt. Ltd.www.kifshousing.com
41.L&T Housing Finance Ltd.www.lthousingfinance.com
42.LIC Housing Finance Ltd.www.lichousing.com
43.Magma Housing Financewww.magmahfc.co.in
44.Mahindra Rural Housing Finance Ltd.www.mahindrahomefinance.com
45.Mamta Housing Finance Co. Pvt. Ltd.www.mamtahousingfinance.com
46.Manibhavnam Home Finance India Pvt. Ltd.www.manibhavnam.com
No.Name of the PLIWebsite Address
47.Manipal Housing Finance Syndicate Ltd.www.manipalhousing.com
48.Mannappuram Home Finance Pvt. Ltd.www.manappuram.com
49.MAS Rural Housing & Mortgage Finance Ltd.www.mrhmfl.co.in
50.Mentor Home Loans India Ltd.www.mentorhousing.com
51.Micro Housing Finance Corporation Ltd.www.mhfcindia.com
52.Muthoot Homefin (India) Ltdwww.muthootfinance.com
53.Muthoot Housing Finance Company Limited.www.muthootgroup.com
54.National Trust Housing Finance Ltd.www.natrusthome.com
55.Navarathna Housing Finance Ltd. 
56.New Habitat Housing Finance and Development Ltd.www.newhabitat.in
57.Nivara Home Finance Limitedwww.nivarahousing.com
58.North East Region Housing Finance Company Ltd.www.nerhofic.co.in
59.Orange City Housing Finance Ltd.www.ochfl.com
60.Panthoibi Housing Finance Company Ltd.www.phfcl.org.in
61.Piramal Housing Finance Pvt. Ltd.www.piramalhousing.in
62.PNB Housing Finance Ltd.www.pnbhousing.com
63.Prosper Housing Finance Limitedwww.prosperhousingfinance.com
64.Reliance Home Finance Ltd.www.reliancehomefinance.com
65.Religare Housing Development Finance Corporation Ltd.www.religarehomeloans.com
66.Repco Home Finance Ltd.www.repcohome.com
67.Sahara Housing Fina Corporation Ltd.www.saharahousingfina.com
68.SEWA Grih Rin Ltd.www.sgrlimited.in
69.Shriram Housing Finance Ltd.www.shriramhousing.in
70.Shubham Housing Development Finance Company Pvt. Ltd.www.shubham.co
71.SRG Housing Finance Ltd.www.srghousing.com
72.Sundaram BNP Paribas Home Finance Ltd.www.sundarambnpparibashome.com
73.Supreme Housing Finance Ltd.www.supremehomeloans.com
74.Swagat Housing Finance Company Ltd.www.swagathfc.in
75.Swarna Pragathi Housing Micro Finance Ltdwww.swarnapragatihousing.com
76.Tata Capital Housing Finance Ltd.www.tatacapitalhfl.com
77.Ummeed Housing Finance Pvt. Ltd.www.ummeedhfc.com
78.Vastu Housing Finance Corporation Ltd.www.vastuhfc.com
79.Viva Home Finance Ltd.www.vivagroup.in
80.West End Housing Finance Ltd.www.westendhfl.com
No.Name of the PLIWebsite Address
  SMALL FINANCE BANKS
1.AU Financiers Ltd.www.aufin.in
2.Capital Small Finance Bank Limitedwww.capitalbank.co.in
3.Equitas Small Finance Bankwww.equitasbank.com
4.ESAF Small Finance Bankwww.esafbank.com
5.Janalakshmi Financial Services Ltd.www.janalakshmi.com
6.Suryoday Small Finance Bank Ltd.www.suryodaybank.com
7.Ujjivan Small Finance Bankwww.ujjivan.com
8.Utkarsh Micro Finance Ltd.www.utkarshmfi.com
  NON BANKING FINANCE COMPANY – MICRO FINANCE INSTITUTION
1.Annapurna Microfinance Pvt. Ltd.www.ampl.net.in
2.Bharat Financial Inclusion Ltdwww.bfil.co.in
3.Cholamandalam Investment & Finance Company Ltd.www.cholamandalam.com
4.Digamber Capfin Limitedwww.digamberfinance.com
5.Margdarshak Financial Services limitedwww.margdarshak.org.in
6.Satya Micro Capital Ltd.www.satyamicrocapital.com
7.Spandana Sphoorty Financial Ltd.www.spandanaindia.com
8.SV Creditline Private Limitedwww.svcl.in

EWS/LIG List

Sl.PLIWebsite AddressAssociated CNA
  PUBLIC SECTOR BANKS*
1.Allahabad Bankwww.allahabadbank.inNHB
2.Andhra Bankwww.andhrabank.inNHB
3.Bank of Barodawww.bankofbaroda.co.inNHB
4.Bank of Indiawww.bankofindia.comNHB
5.Bank of Maharashtrawww.bankofmaharashtra.inNHB

1 List sourced from Central Nodal Agencies (CNAs) i.e. National Housing Bank (NHB) & Housing and Urban Development Corporation Ltd. (HUDCO)

Sl.PLIWebsite Address
6.Canara Bankwww.canarabank.in
7.Central Bank of Indiawww.centralbankofindia.co.in
8.Corporation Bankwww.corpbank.com
9.Dena Bankwww.denabank.co.in
10.IDBI Bank Ltd.www.idbi.com
11.Indian Bankwww.indian-bank.com
12.Indian Overseas Bankwww.iob.in
13.Oriental Bank of Commercewww.obcindia.co.in
14.Punjab & Sind Bankwww.psbindia.com
15.Punjab National Bankwww.pnbindia.in
16.State Bank of India*www.sbi.co.in
17.Syndicate Bankwww.syndicatebank.in
18.UCO Bankwww.ucobank.com
19.Union Bank of Indiawww.unionbankonline.co.in
20.United Bank of Indiawww.unitedbankofindia.com
21.Vijaya Bankwww.vijayabank.com
 *State Bank of Bikaner and Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH) & Bhartiya Mahila Bank (BMB) have been merged with State Bank of India (SBI) w.e.f. 1.04.2017
  PRIVATE SECTOR BANKS
1.Axis Bank Ltd.www.axisbank.com
2.Bandhan Bank Ltd.www.bandhanbank.com
3.City Union Bankwww.cityunionbank.com
4.DCB Bank Ltd.www.dcbbank.com
5.Dhanlaxmi Bank Ltd.www.dhanbank.com
6.Deutsche Bank AGwww.deutschebank.co.in
7.ICICI Bank Ltd.www.icicibank.com
8.IDFC Bank Ltd.www.idfcbank.com
9.J&K Bankwww.jkbank.net
10.Karnataka Bank Ltd.www.karnatakabank.com
11.Karur Vysya Bank Ltd.www.kvb.co.in
12.Kotak Mahindra Bank Ltd.www.kotak.com
13.Lakshmi Vilas Bankwww.lvbank.com
14.Nanital Bank Ltd.www.nainitalbank.co.in
Sl.PLIWebsite Address
15.SBM Bank (Mauritius) Ltd.www.sbmgroup.mu
16.South Indian Bank Ltd.www.southindianbank.com
17.Tamilnad Mercantile Bank Ltd.www.tmb.in
18.The Catholic Syrian Bank Ltd.www.csb.co.in
19.The Federal Bank Ltd.www.federalbank.co.in
20.Yes Bankwww.yesbank.in
  REGIONAL RURAL BANKS
1.Allahabad UP Gramin Bankwww.allahabadgraminbank.in
2.Andhra Pradesh Grameena Vikas Bankwww.apgvbank.in
3.Andhra Pragati Grameena Bankwww.apgb.in
4.Arunanchal Pradesh Rural Bankwww.apruralbank.com
5.Assam Gramin Vikas Bankwww.agvbank.co.in
6.Bangiya Gramin Vikas Bankwww.bgvb.co.in
7.Baroda Gujarat Gramin Bankwww.bggb.in
8.Baroda Rajasthan Kshetriya Gramin Bankwww.brkgb.com
9.Baroda Uttar Pradesh Gramin Bankwww.barodagraminbank.com
10.Bihar Gramin Bankwww.bihargraminbank.in
11.Central Madhya Pradesh Gramin Bankwww.centralmpgraminbank.com
12.Chaitanya Godavari Grameena Bankwww.cggb.in
13.Chhattisgarh Rajya Gramin Bankwww.cgbank.in
14.Dena Gujarat Gramin Bankwww.dggb.co.in
15.Ellaquai Dehati Bankwww.edb.org.in
16.Gramin Bank of Aryavartwww.aryavart-rrb.com
17.Himachal Pradesh Gramin Bankwww.himachalgraminbank.org
18.J&K Grameen Bankwww.jkgb.in
19.Jharkhand Gramin Bankwww.jharkhandgraminbank.com
20.Karnataka  Vikas Grameena Bankwww.kvgbank.com
21.Kashi Gomti Samyut Bankwww.kgsgbank.co.in
22.Kaveri Grameena Bankwww.kaverigrameenabank.com
23.Kerala Gramin Bankwww.keralagbank.com
24.Langpi Dehangi Rural Bankwww.ldrb.org
25.Madhya Bihar Gramin Bankwww.mbgbpatna.com
Sl.PLIWebsite Address
26.Madhyanchal Gramin Bankwww.mgbank.co.in
27.Maharashtra Gramin Bankwww.mahagramin.in
28.Manipur Rural Bankwww.manipurruralbank.com
29.Meghalaya Rural Bankwww.meghalayaruralbank.co.in
30.Mizoram Rural Bankwww.mizoramruralbank.com
31.Nagaland Rural Bank 
32.Narmada Jhabua Gramin Bankwww.njgb.in
33.Odisha Gramiya Bankwww.odishabank.in
34.Pallavan Grama bankwww.pallavangramabank.in
35.Pandyan Grama Bankwww.pandyangramabank.in
36.Pragathi Krishna Gramin Bankwww.pragathikrishnabank.com
37.Prathama Bankwww.prathamabank.org
38.Puduvai Bharathiar Grama Bankwww.puduvaibharathiargramabank.in
39.Punjab Gramin Bankwww.pgbho.com
40.Purvanchal Bankwww.purvanchalbank.com
41.Rajasthan Marudhara Gramin Bankwww.mgbbank.com
42.Saptagiri Grameena Bankwww.saptagirigrameenabank.in
43.Sarva Haryana Gramin Bankwww.shgb.co.in
44.Sarva UP Gramin Bankwww.upgb.com
45.Satluj Gramin Bankwww.sgbbathinda.co.in
46.Saurashtra Gramin Bankwww.sgbrrb.org
47.Telangana Grameena Bankwww.tgbhyd.in
48.Tripura Gramin Bankwww.tripuragraminbank.org
49.Utkal Grameen Bankwww.ugb.co.in
50.Uttarakhand Gramin Bankwww.uttarakhandgraminbank.com
51.Uttarbanga Kshetriya Gramin Bankwww.ubkgb.org
52.Uttar Bihar Gramin Bankwww.ubgb.in
53.Vanachal Gramin Bankwww.vananchalgraminbank.com
54.Vidharbha Konkan Gramin Bankwww.vkgb.co.in
  CO-OPERATIVE BANKS
1.Abhyudaya Co-Operative Bank Ltd.www.abhyudayabank.co.in
2.Adarsh Co-Operative Bank Ltd. 
Sl.PLIWebsite Address
3.A.P. Mahesh Co-Op Urban Bank Ltd.www.apmaheshbank.com
4.Assam Co-Operative Apex Bankwww.apexbankassam.com
5.Bihar State Co-operative Bank Ltd.http://biharbank.bih.nic.in
6.Bombay Mercantile Co-operative Bankwww.bmcbankltd.com
7.Chhattisgarh Rajya Sahakari Bank Maryaditwww.cgapexbank.com
8.Citizen Credit Co-op Bank Limitedwww.citizencreditbank.com
9.Cosmos Co-operative Urban Bank Ltd.www.cosmosbank.com
10.Dombivli Nagari Sahakari Bank Ltd.http://dnsbank.in
11.Jalgaon Janata Sahakari Bank Ltd.www.jjsbl.com
12.Janaseva Sahakari Bank Ltd.www.janasevabankpune.net
13.Janta Sahakari Bank Ltd.www.janatabankpune.com
14.J&K State Cooperative Bank 
15.Jharkhand State Co-Operative Bank Ltd.www.jscb.gov.in
16.Kallappanna Awade Ichalkaranji Janta Sahakari Bank Ltd.www.ijsbank.com
17.Kalupur Commercial Co-operative Bank Ltd.www.kalupurbank.com
18.Karad Urban Co-Operative Bank Ltd.www.karadurbanbank.com
19.Kerala State Co-Operative Bank Ltd.www.keralacobank.com
20.Lakhimpur Urban Co-Operative Bank Ltd.www.lakhimpurucb.org
21.Mahanagar Co-Operative Bank Ltd.www.mahanagarbank.com
22.Malviya Urban Cooperative Bank Ltd.www.malviyabank.com
23.Meghalaya Co-Operative Apex Bank Ltd.http://mcab.gov.in
24.Mehsana Urban Co-Operative Bank Ltd.www.mucbank.com
25.Mizoram Cooperative Apex Bank Ltd.www.mizoapex.com
26.NKGSB Co Operative bank Ltd.www.nkgsb-bank.com
27.Nutan Nagarik Sahakari Bank Ltd.www.nutanbank.com
28.Odisha State Cooperative Bankwww.oscb.coop
29.Prime Co-operative Bank Ltd.www.primebankindia.com
30.Punjab & Maharastra Co- operative Bank Ltd.www.pmcbank.com
31.Rajarambapu Sahakari Bank Ltd.www.rajarambapubank.org
32.Rajkot Nagarik Sahakari Bank Limitedwww.rnsbindia.com
33.Sangli Urban Co-Operative Bank Ltd.www.sangliurbanbank.in
34.Saraswat Cooperative Bank Ltd.www.saraswatbank.com
35.Sardar Bhiladwala Pardi People’s Co-Operative Bank Ltd.www.pardipeoplesbank.in
36.Sarvodaya Commercial Co- operative Bankwww.sccbank.in
Sl.PLIWebsite Address
37.Shikshak Sahakari Bank Ltd.www.shikshakbank.com
38.Shivalik Mercantile Co-Operative Bankwww.shivalikbank.com
39.Shri Mahalaxmi Co-Op Bank Ltd.www.shrimahalaxmibankkolhapur.com
40.Shri Mahila Sewa Sahakari Bank Ltd.www.sewabank.com
41.Shree Panchganga Nagari Sahakari Bank Ltd.www.panchgangabank.com
42.Sikkim State Co-Operative Bank Ltd. 
43.SUCO Souharda Sahakari Bank Ltd.http://sucobank.in/
44.SVC Co-Operative Bank Ltd.www.svcbank.com
45.The Ahmedabad Mercantile Co- operative Bank Ltd.www.amco-bank.com
46.The Arunachal Pradesh State Cooperative Apex Bank Ltd. 
47.The Bharat Co-operative Bank (Mumbai) Ltd.www.bharatbank.com
48.The Central Co-Operative Bank Ltd.www.ccbank.bg
49.The Goa State Co-Operative Bank Ltd.www.gscbgoa.com
50.The Greater Bombay Co- operative Bank Ltd.www.greaterbank.com
51.The Gujarat State Co-operative Bank Ltdwww.gscbank.co.in
52.The Himachal Pradesh State Cooperative Bank Ltd.http://hpscb.com/
53.The Jalgaon Peoples Co-Operative Bank Ltd.www.jpcbank.com
54.The Kalyan Janata Sahakari Bank Ltd.www.kalyanjanata.in
55.The Kurmanchal Nagar Sahakari Bank Ltd.www.kurmanchalbank.com
56.The Maharashtra State Co-operative Bank Ltd.www.mscbank.com
57.The Nawangar Co-operative Bank Ltd.www.nawanagarbank.co.in
58.The Pandharpur Urban Co-Operative Bank Ltd.www.pandharpurbank.com
59.The Punjab State Cooperative Bank Ltd.www.pscb.in
60.The Surat People’s Cooperative Bank Ltd.www.spcbl.in
61.The Udaipur Mahila Samridhi Urban Co-op. Bank Ltd.www.samridhibank.com
62.The Visakhapatnam Co-operative Bank Ltd.www.vcbl.in
63.The West Bengal State Co- operative Bank Ltd.www.wbscb.com
64.TJSB Sahakari Bank Ltd.www.tjsbbank.co.in
65.Uttarakhand State Cooperative Bank Ltd.www.ukstcbank.com
  HOUSING FINANCE COMPANIES (HFCs)
1.Aadhar Housing Finance Ltd.www.aadharhousing.com
2.Aavas Financiers Ltd.www.auhfin.in
Sl.PLIWebsite Address
 (formally known as AU Housing Finance Ltd.) 
3.Aditya Birla Housing Finance Ltd.www.adityabirlahomeloans.com
4.Akme Star Housing Finance Ltd.www.akmestarhousing.com
5.Altum Credo Home Finance Private Ltd.www.altumcredo.com
6.Anand Housing Finance Pvt. Ltd. 
7.Aptus Value Housing Finance India Ltd.www.aptusindia.com
8.Art Affordable Housing Finance (India) Ltd. (formally known as RAAS Affordable Housing Finance (India) Ltd.)www.raashfc.com or www.arthfc.com
9.Aspire Home Finance Corporation Ltd.www.ahfcl.com
10.Bajaj Housing Finance Ltd.www.bajajfinserv.in
11.Bee Secure Home Finance Pvt. Ltd.www.incred.com
12.Can Fin Homes Ltd.www.canfinhomes.com
13.Capital First Home Finance Ltd.www.capfirst.com
14.Capri Global Housing Finance Private Limitedwww.cgcl.co.in
15.Cent Bank Home Finance Ltd.www.cbhfl.com
16.Centrum Housing Finance Ltd.www.centrum.co.in
17.Dewan Housing Finance Corporation Ltd.www.dhfl.com
18.DHFL Vyasa Housing Finance Ltd.www.dvhousing.com
19.DMI Housing Finance Pvt. Ltd.www.dmihousingfinance.in
20.Edelweiss Housing Finance Ltd.www.edelweissfin.com
21.Essel finance Home loans Ltd. 
22.Fast Track Housing Finance Pvt. Ltd.www.fasttrackhfc.com
23.Fullerton Home Finance Company Ltd.www.fullertonindia.com
24.GIC Housing Finance Ltd.www.gichfindia.com
25.GRUH Finance Ltd.www.gruh.com
26.Habitat Microbuild India Housing Finance Company Pvt. Ltd.www.microbuildindia.com
27.Hinduja Housing Finance Limitedwww.hindujahousingfinance.com
28.Home First Finance Company India Pvt. Ltd.www.homefirstindia.com
29.HomeShree  Housing  Finance  Ltd.  (formally  known  as USB Housing Finance Corporation Ltd.)www.usbhousing.in
30.Housing and Urban Development Corporation Ltd.www.hudco.org
31.Housing Development Finance Corporation Ltd.www.hdfc.com
32.ICICI Home Finance Company Ltd.www.icicihfc.com
33.IKF Housing Finance Private Limitedwww.ikffinance.com
Sl.PLIWebsite Address
34.India Home Loan Ltd.www.indiahomeloan.co.in
35.India Infoline Housing Finance Ltd.www.iiflhomeloans.com
36.India Shelter Finance Corporation Ltd.www.indiashelter.in
37.Indiabulls Housing Finance Ltd.www.indiabullshomeloans.com
38.IndoStar Home Finance Pvt. Ltd.www.indostarcapital.com
39.JM Financial Home Loans Ltd. 
40.Khush Housing Finance Ltd.www.khfl.co.in
41.KIFS Housing Finance Pvt. Ltd.www.kifshousing.com
42.L & T Housing Finance Ltd.www.lthousingfinance.com
43.LIC Housing Finance Ltd.www.lichousing.com
44.Magma Housing Financewww.magmahfc.co.in
45.Mahindra Rural Housing Finance Ltd.www.mahindrahomefinance.com
46.Mamata Housing Finance Company Pvt. Ltd.www.mamtahousingfinance.com
47.Manibhavnam Home Finance India Pvt. Ltd.www.manibhavnam.com
48.Manipal Housing Finance Syndicate Ltd.www.manipalhousing.com
49.Mannappuram Home Finance Pvt. Ltd.www.manappuram.com
50.MAS Rural Housing and Mortgage Finance Ltd.www.mrhmfl.co.in
51.Mentor Home Loans India Ltd.www.mentorhousing.com
52.Micro Housing Finance Corporation Ltd.www.mhfcindia.com
53.Muthoot Homefin (India) Ltd.www.muthootfinance.com
54.Muthoot Housing Finance Company Ltd.www.muthootgroup.com
55.National Trust Housing Finance Ltd.www.natrusthome.com
56.Navarathna Housing Finance Ltd. 
57.New Habitat Housing Finance and Development Ltd.www.newhabitat.in
58.Nivara Home finance limitedwww.nivarahousing.com
59.North East Region Housing Finance Company Ltd.www.nerhofic.co.in
60.Orange City Housing Finance Ltd.www.ochfl.com
61.Panthoibi Housing Finance Company Ltd.www.phfcl.org.in
62.Piramal Housing Finance Pvt. Ltd.www.piramalhousing.in
63.PNB Housing Finance Ltd.www.pnbhousing.com
64.Prosper Housing Finance Limited (formally known as HBN Housing Finance Ltd.)www.prosperhousingfinance.com
65.Reliance Home Finance Ltd.www.reliancehomefinance.com
66.Religare Housing Development Finance Corporation Ltd.www.religarehomeloans.com
Sl.PLIWebsite Address
67.Repco Home Finance Ltd.www.repcohome.com
68.Sahara Housing Fina Corporation Ltd.www.saharahousingfina.com
69.Saral Home Finance Ltd.www.saraldhan.com
70.SEWA Grih Rinn Ltd.www.sgrlimited.in
71.Shriram Housing Finance Ltd.www.shriramhousing.in
72.Shubham Housing Development Finance Company Pvt. Ltd.www.shubham.co
73.SRG Housing Finance Ltd.www.srghousing.com
74.Sundaram BNP Paribas Home Finance Ltd.www.sundarambnpparibashome.com
75.Supreme Housing Finance Limitedwww.supremehomeloans.com
76.Swagat Housing Finance Company Ltd.www.swagathfc.in
77.Swarna Pragati Housing Microfinance Private Limitedwww.swarnapragatihousing.com
78.Tata Capital Housing Finance Ltd.www.tatacapitalhfl.com
79.Ummeed Housing Finance Private Limitedwww.ummeedhfc.com
80.Vastu Housing Finance Corporation Ltd. 
81.Viva Home Finance Ltd.www.vastuhfc.com
82.West End Housing Finance Limitedwww.vivagroup.in
  SMALL FINANCE BANKS
1.AU Financiers Ltd.www.aufin.in
2.Capital Small Finance Bank Limitedwww.capitalbank.co.in
3.ESAF Small Finance Bankhttp://emfil.org
4.Equitas Small Finance Bankwww.equitasbank.com
5.Janalakshmi Financial Services Ltd.www.janalakshmi.com
6.Suryoday Small Finance Bank Ltd.www.suryodaybank.com
7.Ujjivan Small Finance Bankwww.ujjivan.com
8.Utkarsh Small Finance Bank Ltd.www.utkarshmfi.com
  NON BANKING FINANCE COMPANY – MICRO FINANCE INSTITUTION
1.Annapurna Micro Finance Pvt. Ltd.www.ampl.net.in
2.Bharat Financial Inclusion Ltdwww.bfil.co.in
3.Chaitanya India Fin Credit Pvt Ltd.www.chaitanyaindia.in
4.Cholamandalam Investment & Finance Company Ltd.www.cholamandalam.com
Sl.PLIWebsite Address
5.Digamber Capfin Limitedwww.digamberfinance.com
6.G U Financial Services Pvt. Ltd.www.gufinance.com
7.Margdarshak Financial Services limitedwww.margdarshak.org.in
8.Satya Micro Capital Ltd.www.satyamicrocapital.com
9.Spandana Sphoorty Financial Ltd.www.spandanaindia.com
10.SV Creditline Private Limitedwww.svcl.in

Conclusion

This is a very good initiative by the Government of India and will definitely aid in the infrastructural development of the country. Although the process for applying for the loan and receiving the money is hassle-free, the day the applicant actually gets the keys to his or her own house is still a distant dream. It takes 3-5 years for a housing project to develop and the applicant will have to wait until the house is ready.

Related Questions and Answers

What is a credit-linked Subsidy component under Awas Yojana?

The CLSS or Credit Linked Subsidy Scheme is the only scheme under the PMAY (Urban) which is directly implemented by the Central Government. The Centre, under this component, provides direct subsidy on home loans taken by urban buyers The benefits are for economically weaker sections (EWS), the lower-income group (LIG) and the middle-income group (MIG).

Loans taken after which date will be eligible for subsidy under CLSS component of PMAY?

The scheme has started from 17 June 2015 onwards. Loans sanctioned and disbursed on and after this date would be eligible. However it is important take the concerned person meets all eligibility conditions.

Is repairing work to the existing house is covered for benefit under CLSS?

For Katcha or Semi Pucca houses that require extensive renovation, Subsidy benefit can be taken.

Can a person apply for multiple subsidies?

Under this scheme, the beneficiaries can take advantage of under one component only. To ensure these beneficiaries should be linked to their Adhaar/Voter ID Card/Any other unique identification Number or a certificate of house ownership from Revenue Authority. If anybody tries to avail multiple subsidies by illegal means, he/she may face strict actions by the concerned authority.

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