Panaji: State Government has formulated the “One Time House Building Advance Settlement Scheme” to assist the erstwhile employees who had availed benefits under House Building Advance scheme.
Sources said that all the erstwhile HBA beneficiaries who had their loan accounts operative with Bank of India/HDFC Bank as on 15th May 2020 are eligible under the said scheme.
The financial assistance from State Government under the scheme will be limited only to the difference amount between the outstanding loan balance along with interest as per the records maintained by Directorate of Accounts and Bank as on 15/05/2020 i.e date of withdrawal of the scheme.
If an employee has an outstanding balance of Rs. 2,50,000/- as per the Bank and the total outstanding amount including interest as per Directorate of Accounts is Rs. 1,00,000/- as on 15th May 2020, then the State Government would bear the difference of Rs. 1,50,000/- payable to bank.
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