.
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 construction/purchase
of new house/flat.