Establishment – LOANS AND ADVANCES – House Building Advance – Recommendation of First Pay Revision Commission – Admissibility in Revised Pay Scales, 2020 – Accepted – Orders – Issued.
- G.O.Ms.No.37, Finance (HRM.IV) Department, dated: 10.04.2015.
- G.O.Ms.No.8 6 , G e n e r al A dm i n i s tr a t i on (Spl.C)) Department, dated: 18.05.2018.
- G.O.Ms.No.51, Finance (HRM.IV) Department, dated: 11.06.2021.
O R D E R:
- In the Government Order 3rd read above, based on the recommendations of First Pay Revision Commission, orders were issued implementing the Revised Pay Scales, 2020 to the State Government employees.
- The First Pay Revision Commission inter alia has recommended for enhancement of eligibility ceiling in respect of House Building Advance to the State Government employees, in the Revised Pay Scales, 2020.
- Government, after careful consideration of the recommendations of the First Pay Revision Commission and in modification of the orders issued in Government order 1st read above, hereby enhance the existing ceiling of House Building Advance to the State Government employees, for purchase of ready built house/ flat, for purchase of site-cum-construction of new house/ flat and for construction of new house/ flat on the site already owned by the employee as below;
| S.No. | Pay ranges in Revised Pay Scales, 2020 | Enhanced Maximum Ceiling | Eligible Amount | Rate of Interest |
| 1 | Employees drawing basic pay up to Rs.38,890/- per Month | Rs.20.00 Lakhs | Rs.20.00 Lakhs or 72 times of basic pay, whichever is less. | For Class. IV employees @ 5.00% p.a. For others @ 5.50% p.a. |
| 2 | Employees drawing basic pay above Rs.38,890/- p.m. and up to Rs.62,110/- p.m. | Rs. 25.00 Lakhs | Rs.25.00 Lakhs or 72 times of basic pay, whichever is less. | -do- |
| 3 | Employees drawing basic pay above Rs.62,110 p.m. and above | Rs.30.00 Lakhs | Rs.30.00 Lakhs or 72 times of basic pay, whichever is less. | -do- |
| 4 | All India Services Officers working in the State (For MoS, who opted for State Government HBA Rules) | Rs.35.00 Lakhs | Rs.35.00 Lakhs or 50 times of basic pay, whichever is less. | @ 5.50 p.a. |
- Further, Government hereby enhance the existing ceiling of House Building Advance for repairs/ extension etc., to twenty (20) times of basic pay in the Revised Pay Scales,2020 or Rs.6.00 Lakhs, whichever is less.
- Government also considered purchase of house site and hereby sanction fifteen (15) times of basic pay in the Revised Pay Scales, 2020 or Rs.10.00 Lakhs, whichever is less.
- Government further order that the following existing recovery pattern shall continue;
| S.No. | Advance | Number of Monthly Instalments | Description |
| 1. | House Building Advance | 300 | Principal – 240 Interest – 60 |
| 2. | House Repairs | 90 | Principal – 75 Interest – 15 |
| 3. | House Site | 72 | Principal – 60 Interest – 12 |
- Penal Interest will be charged at double the rate of normal interest in case the advance is mis-utilised or not utilized at all and at 1-½ times of the normal rates for non-compliance with formalities.
- All other conditions governing the sanction of House Building Advance under the existing Rules will continue.
- These orders shall come into force with immediate effect.
- This Government Order is available on the internet and can be accessed at the address: http://www.goir.telangana.gov.in.
(BY ORDER AND IN THE NAME OF THE GOVERNOR OF TELANGANA)