PM Awas Yojana (PMAY)
✓ Last verified 14 Sep 2026
The short version
PMAY is the government's affordable housing scheme, now in its PMAY-Urban 2.0 phase with a new Interest Subsidy Scheme replacing the older, now-discontinued CLSS interest subsidy.
See our full article on PM Awas Yojana's subsidy status for the important detail: the older Credit Linked Subsidy Scheme (CLSS) closed in 2022, and PMAY-Urban 2.0 (effective September 2024) introduced a new Interest Subsidy Scheme (ISS) in its place - checking the current framework before assuming an older description of CLSS still applies is essential for anyone actually planning around this benefit.
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