Full formGovernment & Exams
HIGstands forHigher Income Group
Full Form of HIG
What is HIG?
The Higher Income Group (HIG) is an economic classification used by the Government of India primarily under the Pradhan Mantri Awas Yojana (PMAY) and other housing schemes to categorise households based on annual income for determining eligibility for subsidies and benefits. Under PMAY, HIG households are defined as those with an annual income between ₹12 lakh and ₹18 lakh. This classification helps in targeting housing subsidies and credit-linked subsidies in a graded manner. HIG is widely used in urban housing missions, where developers and banks refer to income brackets to offer tailored home loan interest subventions. In India, the HIG category sits above the Middle Income Group (MIG) and Lower Income Group (LIG), and below the highest bracket that receives no subsidy. The term is also used in social welfare policies, insurance, and pension schemes to differentiate benefit slabs. For competitive exams like UPSC, SSC, and banking, terms like HIG appear in questions related to government schemes, current affairs, and poverty alleviation programmes. Understanding HIG and its counterparts is essential for candidates preparing for exams on Indian economy and social justice policies.
HIG का फुल फॉर्म
उच्च आय वर्ग
Example
Under PMAY’s Credit Linked Subsidy Scheme, HIG families earning between ₹12 lakh and ₹18 lakh per annum are eligible for a 3% subsidy on home loans up to ₹9 lakh.
HIG — frequently asked questions
What is the full form of HIG?
The full form of HIG is Higher Income Group.
What is the income limit for HIG under PMAY in India?
Under Pradhan Mantri Awas Yojana (PMAY), the HIG category is for households with an annual income between ₹12 lakh and ₹18 lakh.
How is HIG different from LIG in Indian housing schemes?
HIG (Higher Income Group) has a higher annual income threshold (₹12-18 lakh) than LIG (Lower Income Group, income up to ₹3 lakh), and therefore receives a smaller subsidy percentage under PMAY.