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G.O.Ms - No.59 - House Building Advance

The government of Telangana issued an order to enhance the eligibility ceilings for house building advances given to state government employees based on the recommendations of the First Pay Revision Commission. The order increases the maximum amounts eligible for house building advances to Rs. 20-35 lakhs depending on the employee's pay scale. It also enhances the ceilings for house repairs/extensions to 20 times basic pay or Rs. 6 lakhs and for house site purchase to 15 times basic pay or Rs. 10 lakhs. The existing repayment terms of 240 monthly installments for principal and 60 for interest will continue to apply.

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6K views3 pages

G.O.Ms - No.59 - House Building Advance

The government of Telangana issued an order to enhance the eligibility ceilings for house building advances given to state government employees based on the recommendations of the First Pay Revision Commission. The order increases the maximum amounts eligible for house building advances to Rs. 20-35 lakhs depending on the employee's pay scale. It also enhances the ceilings for house repairs/extensions to 20 times basic pay or Rs. 6 lakhs and for house site purchase to 15 times basic pay or Rs. 10 lakhs. The existing repayment terms of 240 monthly installments for principal and 60 for interest will continue to apply.

Uploaded by

Mahendar Erram
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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GOVERNMENT OF TELANGANA

ABSTRACT

Establishment - LOANS AND ADVANCES - House Building Advance - Recommendation


of First Pay Revision Commission - Admissibility in Revised Pay Scales, 2020 - Accepted
– Orders - Issued.
--------------------------------------------------------------------------------------------------------
FINANCE (HRM.IV) DEPARTMENT
G.O.Ms.No.59 Dated: 22nd, June, 2023.
Read the following:-

1. G.O.Ms.No.37, Finance (HRM.IV) Department, dated: 10.04.2015.


2. G.O.Ms.No.8 6 , G e n e r a l A d m i n i s t r a t i o n (Spl.C)) Department,
dated: 18.05.2018.
3. 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.

2. 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.

3. 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;

1
Pay ranges in Enhanced
Eligible Rate of
S.No. Revised Pay Scales, Maximum
Amount Interest
2020 Ceiling
Rs.20.00 Lakhs For Class. IV
Employees drawing
or 72 times of employees @
basic pay up to
1 Rs.20.00 Lakhs basic pay, 5.00% p.a.
Rs.38,890/- per
whichever is For others @
Month
less. 5.50% p.a.
Rs.25.00 Lakhs
Employees drawing
or 72 times of
basic pay above
2 Rs. 25.00 Lakhs basic pay, -do-
Rs.38,890/- p.m. and
whichever is
up to Rs.62,110/- p.m.
less.
Rs.30.00 Lakhs
Employees drawing
or 72 times of
basic pay above
3 Rs.30.00 Lakhs basic pay, -do-
Rs.62,110 p.m. and
whichever is
above
less.
All India Services
Rs.35.00 Lakhs
Officers working in the
or 50 times of
State
4 Rs.35.00 Lakhs basic pay, @ 5.50 p.a.
(For MoS, who opted
whichever is
for State Government
less.
HBA Rules)

4. 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.

5. 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.

6. Government further order that the following existing recovery pattern shall
continue;
Number of Monthly
S.No. Advance Description
Instalments
Principal – 240
1. House Building Advance 300
Interest - 60
Principal – 75
2. House Repairs 90
Interest – 15
Principal – 60
3. House Site 72
Interest - 12
2
7. 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.

8. All other conditions governing the sanction of House Building Advance under
the existing Rules will continue.

9. These orders shall come into force with immediate effect.

10. 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)

K.RAMAKRISHNA RAO,
SPECIAL CHIEF SECRETARY TO GOVERNMENT
To
The Commissioner of Government Printing Press, Telangana, Hyderabad –
- with a request to publish in Telangana Gazette.
All Departments of Secretariat.
All Heads of Departments.
The Prl. Accountant General, Telangana, Hyderabad.
Copy to:
The Director of Treasuries & Accounts, Telangana, Hyderabad.
The Director of Works Accounts, Telangana, Hyderabad.
The Director of State Audit, Telangana, Hyderabad.
The Pay & Accounts Officers, Hyderabad.
The Secretary, Telangana State Public Service Commission,
The Secretary to Governor, Raj Bhavan, Hyderabad.
The Registrar General, High Court for the State of Telangana, Hyderabad.
SF/SCs.
//FORWARDED::BY ORDER//

SECTION OFFICER
OFFICER

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