The Centre on Friday announced that the benefit of interest subsidy of about Rs 2.60 lakh on home loans under Pradhan Mantri Awas Yojana (Urban) will now be available for beneficiaries belonging to Middle Income Groups (MIG) for 15 more months beyond December this year.

Durga Shanker Mishra, Secretary (Housing & Urban Affairs) informed this while addressing the ‘Real Estate and Infrastructure Investors Summit’ in Mumbai.

He said that the government decided to give more time for MIG beneficiaries to avail interest subsidy under PMAY(Urban).
Prime Minister last year made applicable the Credit Linked Subsidy Scheme under PMAY(Urban) to MIG, till the end of December this year.

Govt's interest subsidy scheme extended