Yes, Pradhan Mantri Awas Yojana (PMAY) offers provisions for the renovation or repair of existing houses. This falls under the Credit Linked Subsidy Scheme (CLSS) component of PMAY. The scheme aims to provide financial assistance for the enhancement or improvement of existing houses belonging to the Economically Weaker Section (EWS), Low Income Group (LIG), and Middle Income Group (MIG) beneficiaries.