INCOME TAX17 Sept 2026
Don't own a house? Here's how you can receive up to ₹2.5 lakh under Pradhan Mantri Awas Yojana Urban 2.0
The government's PMAY-U 2.0 (Pradhan Mantri Awas Yojana–Urban) aims to help 1 crore more urban families by 2029. It covers EWS, LIG and MIG households who don't own a pucca house anywhere in India. EWS families can get up to ₹2.5 lakh to build or buy a home, and eligible home loans get an interest subsidy. You may apply under only one of its four parts.
Key Statutory Highlights
- PMAY-U 2.0 was launched in September 2024 with a target of supporting 1 crore additional urban poor and middle-class families between 2024 and 2029.
- EWS families can receive up to ₹2.5 lakh to construct a new pucca house on their own land, with a maximum carpet area of 45 sq. m.
- A beneficiary can avail benefits under only one of the four verticals, and interest subsidy is available on home loans sanctioned and disbursed on or after 1 September 2024.
Actionable Advice for Taxpayers / Founders:If your family does not own a pucca house anywhere in India, check which income group you fall under (EWS, LIG or MIG) and which of the four verticals suits you. Verify your eligibility, documents and the application process with your local housing authority or a CA before applying.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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