7th PAY COMMISSION NEWS - CENTRAL GOVERNMENT EMPLOYEES NEWS

Interest rate on home loans The below information compiled from the written reply of Minister of State for Finance to a question in Parliament on 6.8.2013... 1% Interest Subvention Scheme: To stimulate demand for credit for housing in the middle & lower income segment, a scheme of 1% Interest Subvention Scheme for Individual housing loans up to 10 Lakh and cost of the unit up to 20 lakh was introduced by the Government from 1st October, 2009. From FY 2011-12, eligibility under the Scheme has been increased for housing loan up to 15 lakh, where the cost of unit does not exceed 25 lakh. All States/UTs in the country, including rural & urban areas are covered under the Scheme. The Scheme has helped in increased access to houses by individuals. The Status of disbursement made under the 1% ISS is placed below: ( Crore) S. No.    Disbursement for the Period    Disbursement of subsidy 1    Financial Year 2010-11    38.54 2...

Interest rate on home loans The below information compiled from the written reply of Minister of State for Finance to a question in Parliament on 6.8.2013... 1% Interest Subvention Scheme: To stimulate demand for credit for housing in the middle & lower income segment, a scheme of 1% Interest Subvention Scheme for Individual housing loans up to 10 Lakh and cost of the unit up to 20 lakh was introduced by the Government from 1st October, 2009. From FY 2011-12, eligibility under the Scheme has been increased for housing loan up to 15 lakh, where the cost of unit does not exceed 25 lakh. All States/UTs in the country, including rural & urban areas are covered under the Scheme. The Scheme has helped in increased access to houses by individuals. The Status of disbursement made under the 1% ISS is placed below: ( Crore) S. No.    Disbursement for the Period    Disbursement of subsidy 1    Financial Year 2010-11    38.54 2...

Grant of subsidy to the Central Government Employees on the rate of interest on HBA - NFIR Grant of subsidy to the Central Government Employees on the rate of interest on HBA as recommended by VIth CPC.   An attractive demand of 2% subsidy on the rate of interest charged to the employees working under Central Government has been raised by National Federation of Indian Railwaymen recently. The General Secretary of NFIR wrote a letter to Finance Ministry pertaining to the demand on 26.2.2013 and the Finance Ministry has given response to its letter. The copy of letter and the reply from the Finance Ministry are reproduced and given below for your information... NFIR National Federation of Indian Railwaymen 3, CHELMSFORD ROAD, NEW DELHI -110 055 No.1/6(2) Dated: 26/02/2013 The Secretary, Ministry of Finance, Government of India,(Department of Expenditure) North Block, New Delhi Dear Sir, Sub: Grant of subsidy to the Central Government Employees on the rate of interest on HBA...