The scheme aims to assist government employees in achieving their dream of owning a house by providing financial support to erstwhile House Building Advance scheme beneficiaries whose loans were operative as on 15th May 2020. The scheme provides loan takeover facility through empanelled banks.
The scheme aims to assist government employees in achieving their dream of owning a house by providing financial support to erstwhile House Building Advance scheme beneficiaries whose loans were operative as on 15th May 2020. The scheme provides loan takeover facility through empanelled banks.
##### ***Financial Assistance*** - The Government bears the remainder of the interest charged by the empanelled bank, subject to a maximum of 5%, while the employee bears 2% of the interest plus the principal component. - The loan takeover facility is provided for the amount outstanding as on the date of application after repayment of instalments from May 2020. - For employees who had availed additional loan over and above the House Building Advance amount, the Government's share of interest is restricted only to the extent of such House Building Advance loan outstanding as on the date of application. ##### ***Disbursement*** - The Government's share of interest is credited to the empanelled bank in a pool account on a monthly basis. - The Government's cumulative share of all instalments due for the succeeding month is credited to the bank within a specified date, provided that the bank raises the demand at least 20 days in advance. - The Government's share commences from the succeeding month of sanction wherein the employee is due for repayment of the loan, provided the demand has been raised by the bank. ##### ***Duration and Validity*** - The Government's share is continued till the employee attains superannuation or for a maximum duration of 20 years of the total repayment period, whichever is earlier, by considering the already paid instalments by the Government. - If the duration of the loan ends before superannuation of the employee, the bank submits the closure letter
Step 1: Offline application — step 1
Step 1: The interested applicant should take a printout of the prescribed proforma . Alternatively, the interested applicant may approach an empanelled bank and obtain the prescribed proforma.
Step 2: Offline application — step 2
Step 2: In the application form, fill in all the mandatory fields, and attach copies of all the mandatory documents (self-attest, if required).
Step 3: Offline application — step 3
Step 3: Submit the duly filled and signed application form along with the documents, within the prescribed period (if any), to the Head of Department, who after verification, will forward the application to the Directorate of Accounts along with the prescribed proforma.
Applications are accepted only on the official government portal.
Open Official WebsiteThe scheme aims to provide financial relief to beneficiaries of the Gujarat Housing Board and Slum Clearance Cell who have pending installment dues by offering a complete waiver of penalty amounts. It benefits tenants and property allottees by waiving 100% penalties on arrears if paid by 31st March.
The scheme aims to reduce financial stress for ST students pursuing foreign education by providing up to ₹1,50,000 subsidy on interest for 3 years.
The scheme aims to support Scheduled Tribe (ST) individuals in purchasing vehicles for self-employment purposes. Under this scheme, tribal beneficiaries availing bank loans for vehicle purchase with interest subsidy. This financial support helps reduce the repayment burden on tribal entrepreneurs.
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