1. The Scheme of House Building Advance to Central Government Employees is aimed at providing assistance to the Government employees to construct/acquire house/flats of their own. The scheme was introduced in 1956, as a welfare measure. Ministry of Urban Development & Poverty Alleviation act as the nodal Ministry for the same. 2. House Building Advance is admissible to all those temporary employees also who have rendered 10 years of continuous service. The Ministries/Departments are delegated powers to sanction House Building Advance to their employees in accordance with the House Building Advance Rules. 3.With effect from 27-11-2008, the following provisions of grant of House Building Advance shall be in operation, until further orders:- ( i ).The maximum limit for grant of HBA shall be 34 months' of pay in the pay band subject to a maximum of Rs . 7.50 lakh or cost of the house or the repaying capacity whichever is the least, for new constructio...
The posts listed here are from various news sources and express only early views about Seventh Pay Commission. The SPC report will be published only in April. So dont take these posts for authenticated info.