7th CPC recommendation on migration of existing government employees who have already taken Home Loans from Banks/ other Financial Institutions – reg.

7th CPC recommendation on migration of existing government employees who have already taken Home Loans from Banks/ other Financial Institutions – reg.

वैसे सरकारी कर्मचारी जिन्होंने पहले से गृह निर्माण लोन किसी बैंक या अन्य      वित्तीय संस्थाओं से ले चुके हैं, उन्हें 7वें वेतन आयोग की सिफारिशों के  अनुरूप नय गृह निर्माण अग्रिम की स्वीकृति देने के सम्बन्ध में महत्वपूर्ण  दिशानिर्देश 

7th CPC recommendation on migration of existing government employees who have already taken Home Loans from Banks/ other Financial Institutions – reg.

I-17011/11(4)/2016-H.lll
Government of India
Ministry of Housing & Urban Affairs
Housing-III Section
***** 
Nirman Bhawan, New Delhi,
Dated:31.01.2018.
OFFICE MEMORANDUM

Subject: Interest bearing advances! Seventh Central Pay commission recommendation on migration of existing government employees who have already taken Home Loans from Banks/other Financial Institutions –
reg. 

Kind attention is invited to para 2(viii) of this Ministry’s OM. No. I-17011/11(4)/2016-H.III dated 09.11.2017 on the above mentioned subject
regarding fulfilment of extant conditions, the extant conditions are clarified as
follows. 
a) Before granting such House Building Advance, the Head of the Department; 
i. Should satisfy himself that the home loans were taken by the government employee entirely for purpose of construction/ purchase of new house/ flat. 
ii. Should ensure that the House Building Advance sanctioned is limited to the amount of loan still due to be repaid by the government employee. 
b) House Building Advance can be availed towards repayment of bank loan taken for the purpose of construction/ purchase of new house/ flat. 
c) Employee shall be eligible for grant of House Building Advance on the
date he/ she obtained loans from banks and other financial institutions, irrespective of whether they applied for House Building Advance before raising the loan. 
d) House Building Advance for repayment of loans shall be granted to the eligible employees in one lump sum. However, the Government employee shall produce the HBA Utilization Certificate within one month from the
date of release of HBA. 
e) Employee has to satisfy the other provisions of the House Building
Advance Rules -2017. 
(Shailendra Vikram Singh)
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