Pradhan Mantri Awas Yojana- Urban 2.0 (PMAY-U 2.0)

(Empowering Urban India with Affordable Housing)

Nido Home Finance Limited (formerly known as Edelweiss Housing Finance Limited) (Nido) is a leading housing finance company committed to supporting the Government of India's Pradhan Mantri Awas Yojana - Urban 2.0 (PMAY -U 2.0) initiative. This flagship program aims to provide affordable housing for all, ensuring that every citizen has access to a dignified living space. Nido 's offerings are designed to align with the key objectives of PMAY- U 2.0, which include providing affordable housing options, promoting inclusivity, and ensuring sustainable development. By offering a range of housing finance solutions, Nido caters to economically weaker sections (EWS), low-income groups (LIG), and middle-income groups (MIG), making homeownership accessible to a broader population.

Key Features:

1. Affordable Housing Finance: Nido provides attractive home loans to customers from all income segments, including self-employed and salaried individuals.
2. Interest Subsidy: Beneficiaries can avail of interest subsidies on home loans, reducing their Equated Monthly Instalments (EMIs) and making homeownership more affordable.
3. Empowering Women: Nido encourages the registration of homes under the name of women, either individually or jointly, fostering gender equality and empowerment.

Eligibility Criteria:

Criteria for Eligibility under PMAY 2.0(U)	Category EWS	Category LIG	Category MIG
Gender	Female	Female	Female
Household income on annual basis (Rs)	Up to ₹3 lakh	Between ₹3 lakh - ₹6 lakh	Between ₹6 lakh - ₹9 lakh
Amount of home loan eligible (₹)	Up to Rs 25Lakh	Up to Rs 25Lakh	Up to Rs 25Lakh
Maximum carpet area permissible(sqm)	Up to 120sqm	Up to 120sqm	Up to 120sqm
House Ownership criteria	First time buyer	First time buyer	First time buyer
Maximum value of property (₹)	Rs 35 lakh	Rs 35 lakh	Rs 35 lakh

Documents Required

In addition to the standard loan application documents, the following extra documents are required to avail the PMAY – U 2.0 subsidy:
1. Nido Undertaking document: Undertaking that beneficiary/ies does not own a pucca house either in his/their name/s or in the name/s of any family/household member in any part of India & other conditions.
2. Claim form
3. Aadhaar details – Applicant & family members (Aadhaar number, name as per Aadhaar, date of birth, current address)
4. Active bank account details of applicant linked with Aadhaar
5. Family Income Proof These documents ensure the accurate processing of your PMAY- U 2/0 subsidy application.

Application Process

1. Visit the official website https://pmay-urban.gov.in/
2. Click on "Apply for PMAY - U 2.0 ".
3. Carefully read the instructions and verify your eligibility.
4. Complete the application form and upload the required documents.
5. Track your application status on the PMAY-U 2.0 website or via the mobile app.