• If your annual income falls below Rs 6,00,000, then you fall under economic weaker section of society i.e. low-income group and can get a subsidy of around 2.67 lakh
• Middle income groups (MIGs - I) are those who earn between Rs 6,00,000 and Rs 11,99,999 per annum. Those who avail of the PMAY scheme can save up to Rs 2.3 lakh on their home loan under PMAY.
• The second middle income group (MIG-II) fall under those earning between Rs 12 lakh and Rs 18 lakh per annum. These individuals can save up to Rs 2.30 lakh on their home loan under PMAY