Telangana PRC RPS-2015 | Pay Revision Commission Recomondations | LOANS AND ADVANCES—House Building Advance- Recommendation of Tenth Pay
Revision Commission - Admissibility in Revised Pay Scales, 2015- Accepted
- Orders–
Issued.
FINANCE
(HRM.IV) DEPARTMENT
G.O.Ms.No.37
Dated:10-04-2015.
Read the following:-
1. G.O.Ms.No.174, Finance (A&L) Department, dt:15-05-2010.
2. G.O.Ms.No. 95,
G. A. (Spl. A) Department, dt:
28-02-2013.
3. G.O.Ms.No. 25, Finance (HRM.IV) Department,
dt: 18-3-2015.
*** ORDER:
In the Government Order 3rd
read above, based on the recommendations of Tenth Pay Revision Commission, orders were
issued
implementing the Revised Pay
Scales, 2015 to the State Government
employees.
2. The Tenth Pay Revision Commission among others has recommended enhancement of eligibility ceiling in respect of House Building Advance to the State Government employees,
in the Revised Pay Scales, 2015.
3. Government,
after careful consideration of the recommendations of the Tenth 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 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-
|
4. Further, Government hereby enhance the existing ceiling of House Building
Advance for repairs/ extension etc., to twenty
times of basic pay in the Revised Pay
Scales,
2015 or Rs.4.00 Lakhs, whichever is less.
5. Government also considered purchase of house site and hereby sanction ten times of basic pay
in the Revised Pay Scales, 2015
or Rs.2.00 Lakhs,
which ever
is less.
6. Government further order that the following existing recovery pattern shall
continue:
House Building Advance
: 300 monthly instalments, i.e.
240 principal + 60 interest.
Repairs :
90 monthly instalments, i.e.75 principal + 15 interest.
House site : 72 monthly instalments, i.e. 60 principal
+ 12 interest.
7. Penal Interest will be
charged
at double
the rate of normal
interest in case the advance
is misutilised
or not utilized
at all and at 1 ½ times 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 from 01-04-2015.