LOANS AND ADVANCES—House Building Advance- Recommendation of Tenth Pay Revision Commission - Admissibility in Revised Pay Scales, 2015- Accepted - Orders– Issued. Government, after careful consideration of the recommendations of the Tenth Pay Revision Commission and in modification of the orders issued in Government order G.O.Ms.No.174, Finance (A&L) Department, dt:15-05-2010., hereby enhance the existing ceiling of House Building Advance to the State Government employees, for the purchase of ready built house/ flat, for purchase of site-cum-construction of new house/ flat and for the construction of new house/ flat on the site already owned by the employee as follows
| Sl. No. |
Pay ranges in Revised Pay Scales, 2015 |
Enhanced Maximum Ceiling |
Eligible Amount |
Rate of Interest |
| 1 |
Employees drawing basic pay upto Rs.26600/- per month. |
Rs. 10.00 Lakhs |
Rs.10.00 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.26,600/- p.m. and upto Rs.42,490/- p.m. |
Rs. 12.30 Lakhs |
Rs. 12.30 Lakhs or 72 times of basic pay, whichever is less. |
-do- |
| 3 |
Employees drawing basic pay above Rs.42,490 p.m. and upto Rs.61,450 p.m. |
Rs. 15.00 Lakhs |
Rs. 15.00 Lakhs or 72 times of basic pay, whichever is less. |
-do- |
| 4 |
Employees drawing basic pay above
Rs.61,450/- p.m. |
Rs.20.00 Lakhs |
Rs.20.00 Lakhs or 72 times of basic pay, whichever is less. |
-do- |
| 5 |
All India Services Officers working in the State
(All India Services officers working in the State may be given the option to choose either the State Govt. ceiling or to adopt Govt. of India rules) |
Rs.25.00 Lakhs |
Rs.25.00 Lakhs
or 50 times of basic pay, whichever is less. |
-do- |
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