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1-47041/44(4)/2016-H.II1
Government of India
Ministry of Housing & Urban Affairs
Housing-lll 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(vili) of this Ministry's O.M. 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.
ji, 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.
¢) _ 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
shalll 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.
sy
(Shailendra Vikram Singh)
Director(IFD)
Tel:011-23062798
To,
All the Ministries and Departments of the Government of India, C&AG and
UPSC, etc. as per standard endorsement list. Copy for information to,
4. PS to MoS(I/c), H&UA
2, PSO to Secretary
PPS to JS&FA
Budget Division
Us (Admn.), MoHUA
IT- Cell for uploading in Ministry website
Hindi Section for Hindi version.
ee
Under Secretary (FD-)
Noo Ee
