GO 37 has been issued by the Telangana Government regarding the , House Building Advance, Recommendation of 10th PRC and it deals with Admissibility in Revised Pay Scales, 2015. The complete GO 37 is as follows.
In the Order GO 25 which was issued on 18/3/2015, based on the recommendations of Tenth Pay Revision Commission,
orders were issued implementing the RPS 2015 to the State Government employees.
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 RPS, 2015.
Government, after careful consideration of the recommendations of the Tenth Pay Revision Commission and in modification
of the orders issued in Government order GO 174 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
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.
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, whichever is less.
Government further order that the following existing recovery pattern shall continue:
House Building Advance : 300 monthly installments, i.e. 240 principal + 60 interest.
Repairs : 90 monthly installments, i.e.75 principal + 15 interest.
House site : 72 monthly installments, i.e. 60 principal + 12 interest.
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.
All other conditions governing the sanction of House Building Advance under the existing Rules will continue.
These orders shall come into force from 01-04-2015.
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