GO.70 Loans to Telangana Government Employees for House Building Purpose

GO.70 Loans to Telangana Government Employees for House Building Purpose, Government of Telangana State has issued government order No.70 on Sptember 29th, 2014.

In this regarding the Finance (HRM.IV) Department have allotted funds towards sanction of House Building Advance to employees working in Secretariat and Head of the Department for the period 2nd of June to September, 2014 during the financial year 2014-15.

The Government has reallocated the above said funds among the Secretariat & Heads of Departments and also to the Regional/ District Offices under the control of School Education Department and below mentioned principles shall be kept in view while sanctioning loans for House Building Advance to Government employees by the Departments

GOVERNMENT OF TELANGANA
LOANS AND ADVANCES-Loans to Government Employees for House Building purpose – Allotment of funds for the period 2nd of June to September, 2014 during the financial year 2014-15 towards House Building Advance-Orders-Issued.

SCHOOL EDUCATION(OP) DEPARTMENT
G.O.RT.No. 70. Dated:29-09-2014.

Reference:

  1. G.O. Rt. No.289, Finance (HRM.IV) Department, Dated:06.08.2014.
  2. GO.70 Loans to Telangana Government Employees for House Building Purpose

ORDER:

In the reference 1st read above, the Finance (HRM.IV) Department have allotted funds towards sanction of House Building Advance to employees working in Secretariat and Head of the Department for an amount of Rs.5,00,000/-and an amount of Rs.7,00,000/- to District/Regional Offices under the control of School Education Department, for the period from 2nd of June to September, 2014 during the Financial Year 2014-2015.

Keeping in view of the strength of the Unit of Heads of Departments under the Administrative Control of School Education Department and availability of funds for the financial year 2014-15, the Government hereby reallocate the above said funds among the Secretariat & Heads of Departments and also to the Regional/ District Offices under the control of School Education Department as indicated below:-

Funds reallocated among the Secretariat & Heads of Dept.’s and the Regional/ District Offices

Name of the H.O.D.,Secretariat and H.O.Ds.,Regional and Dist. Offices
The Commissioner and Director of School Education———–7,00,000-00
The Director and Special officer, Jawahar Bala Bhavan, Telangana, Hyderabad5,00,000-00————
TOTAL5,00,000-00 7,00,000-00
Loans to Telangana Government Employees

The following principles shall be kept in view while sanctioning loans for House Building Advance to Government employees by the Departments.
The Budget released shall be utilized by following all regulations strictly.

Loans Sanction Principles for House Building Advance

i. The Departments of Secretariat and Heads of Departments should not utilize the amount allotted to the employees of District / Regional Offices for sanction of House Building Advance to the employees of Secretariat and Heads of Department.
ii. Instruction issued regarding allotment in respect of Class-IV employees should be kept in view;
iii. The Sanctioning Authority shall ensure that prompt follow up action is also taken up after sanctioning the advance in getting the formalities completed by the loanees;
iv. The Secretariat Departments are requested to allot sufficient funds to Heads of Departments out of this release;
v. It shall also be ensured that the cases for sanction of advances for house construction/repairs/ ready built house shall be considered only after meeting the requirement of committed cases in full.
vi. No H.B.A. for House Construction/ Ready Built House purpose should be sanctioned to those Government employees who were allotted houses by the H.U.D.A(HMDA)/Housing Board/Cooperative Societies etc.,

The Head of the Departments are also requested to take immediate action to reallocate the funds among the District offices under their control for sanction of loans to the employees so that the Subordinate Officers can sanction loans immediately to the employees, if they are eligible, as per rules.

The expenditure on account of sanction of the House Building Advance shall be debited to
“7610 – Loans to Government Servants etc.,
M.H. 201 House Building Advance
S.H. (05) Loans to Other Officers
001 – Loans to other Officers”

This order does not require the concurrence of Finance (HRM.IV) Department as per the orders and rules in force on the subject.

Download the GO.70 Loans to Govt. Employees for House Building Purpose from here

*Disclaimer: We have published the above information for reference Purpose only, For any changes on the content we refer to visit the Official website to get the latest & Official details

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