HBLSEGG

House Building Loan Scheme for Employees of Government of Goa

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.

राज्य नकद

राज्य / केंद्र शासित प्रदेश: गोवा

नोडल विभाग: Finance Department

योजना किसके लिए: Individual

योजना प्रोफ़ाइल

डीबीटी (प्रत्यक्ष लाभ अंतरण): नहीं

श्रेणियाँ: बैंकिंग, वित्तीय सेवाएँ और बीमा, आवास और आश्रय

उप-श्रेणियाँ: Banking and money, Loan, आवास

लक्षित लाभार्थी: व्यक्तिगत

टैग: Loan, Housing, Subsidy, Interest, Finance

विवरण

The scheme "House Building Loan Scheme for Employees of Government of Goa" was launched by the Debt Management Division, Department of Finance, Government of Goa. 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 with shared interest payment mechanism where the employee bears 2% of the interest plus the principal component while the Government bears the remainder of the interest subject to a maximum of 5%. The scheme is implemented by the Directorate of Accounts in coordination with empanelled banks notified separately by the Government. The applications for this scheme are accepted offline.

लाभ

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& 39;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& 39;s share of interest is credited to the empanelled bank in a pool account on a monthly basis
The Government& 39;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& 39;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& 39;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 to the concerned Government employee, Head of Department and Directorate of Accounts. Conditions
The employee must ensure that his share of Equated Monthly Instalment reaches the bank within the stipulated time
Any delay on part of the employee for contributing his share, subject to a maximum default duration of two months, will make the concerned employee ineligible to avail any further benefits under this scheme
The employee must carry out all the required documentation and valuation required for compliance from the bank side, and the Government will not bear any costs for the same

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 to the concerned Government employee, Head of Department and Directorate of Accounts.

Conditions

The employee must ensure that his share of Equated Monthly Instalment reaches the bank within the stipulated time.
Any delay on part of the employee for contributing his share, subject to a maximum default duration of two months, will make the concerned employee ineligible to avail any further benefits under this scheme.
The employee must carry out all the required documentation and valuation required for compliance from the bank side, and the Government will not bear any costs for the same.
The deed of mortgage or any other collateral security executed in favour of Government earlier must be transferred in favour of the empanelled bank with an undertaking from the employee that he willingly desires to transfer the same in favour of the bank.
For employees who have availed benefits under the "One Time House Building Advance Settlement Scheme", the amount to the extent of benefits availed under that scheme would be adjusted in the initial instalments itself, till which the Government will not start contributing its share of interest and the employee has to bear the full burden of instalments.
If the employee ceases to be in service for any reason other than normal retirement or superannuation or if he dies before repayment of the loan in full, the entire outstanding amount will become payable forthwith by the Government employee or his successor, as the case may be.
Failure to repay the housing loan for any reason whatsoever, either by the Government employee or the successor, as the case may be, will entitle the bank to enforce the mortgage and take action to recover the outstanding housing loan.

पात्रता

The applicant must be an erstwhile beneficiary of the House Building Advance who had their loans operative as on 15th May, 2020.
The applicant must fulfill the eligibility criteria put forth by the empanelled bank for being eligible for housing loan under this scheme.
The applicant who had shifted his housing loan to other bank upon closure of earlier scheme must ensure that the loan account shall now be operated in any of the banks empanelled for the purpose of this scheme.
The applicant must approach any of the empanelled banks for takeover of the existing loan for a maximum loan amount restricted to the tune of amount outstanding as on date after repayment of instalments from May 2020.

Special Categories

The applicant who had availed top-up additional loan over and above the House Building Advance amount sanctioned by Government is eligible only to the extent of such amount of House Building Advance loan which is outstanding as on the date of application.
The applicant who is among the 45 employees whose cases were sanctioned but were awaiting drawal of advance as on 15th May, 2020 is eligible to apply under this scheme.

अपवर्जन

The applicant who has foreclosed their earlier loan upon withdrawal of earlier scheme is not eligible for any benefits under this scheme.

आवेदन प्रक्रिया

Offline

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: In the application form, fill in all the mandatory fields, and attach copies of all the mandatory documents (self-attest, if required).
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.

स्पष्टीकरण

myScheme पर प्रकाशित योजना सूचना से अतिरिक्त बिंदु (कानूनी सलाह नहीं)।

What is the maximum duration for which the Government will continue to bear its share of the interest on my housing loan?: The Government's share of interest will continue until you attain superannuation or for a maximum duration of 20 years of the total repayment period, whichever occurs earlier, by considering the instalments already paid by the Government.
If I had shifted my housing loan to another bank after the earlier scheme was closed, can I still apply for benefits under this new scheme?: Yes, you are eligible to apply provided that you now transfer your loan account to any of the banks that have been empanelled specifically for the purpose of this scheme.
What happens if I fail to pay my share of the Equated Monthly Instalment for two consecutive months under this housing loan scheme?: If you delay contributing your share for a maximum default duration of two months, you will become ineligible to avail any further benefits under this scheme, and the Government will not bear any additional liability.
How much of the interest charged by the bank will I need to bear personally, and what portion will the Government contribute towards my loan?: You will bear 2% of the interest plus the principal component charged by the empanelled bank, while the Government will bear the remainder of the interest, subject to a maximum of 5% throughout the scheme duration.
If the bank's interest rate increases above a certain level, will the Government still cover the entire remaining interest beyond my 2% share?: No, the Government's contribution is restricted to a maximum of 5% throughout the scheme duration, so if the interest rate increases beyond 7%, you will have to bear the additional interest beyond the Government's 5% share.
Can I apply for this housing loan scheme if I had already foreclosed my earlier loan when the previous scheme was withdrawn?: No, employees who have foreclosed their earlier loan upon withdrawal of the earlier scheme are not eligible for any benefits under this scheme.
What is the maximum loan amount that can be taken over under this scheme from the empanelled bank?: The maximum loan amount is restricted to the tune of amount outstanding as on the date of application after repayment of instalments from May 2020.
If I had obtained a top-up or additional loan over and above the original House Building Advance amount, will the Government bear interest on the entire loan?: No, the Government's share of interest will be restricted only to the extent of the House Building Advance loan amount that is outstanding as on the date of your application, and you will bear the liability of the additional loan amount.
What documents am I required to submit along with my application form when applying through my Head of Department for this loan takeover?: You must submit a copy of the sanction order of House Building Advance, loan account statement from your bank, and a letter from the empanelled bank to which the loan is being applied along with repayment period and Equated Monthly Instalment details.
If I had availed benefits under the One Time House Building Advance Settlement Scheme earlier, how will that affect my repayment under this new scheme?: The amount you received under the One Time Settlement Scheme will be adjusted in the initial instalments itself, and until this amount is exhausted, you will have to bear the full burden of instalments without any Government contribution.
What will happen to my outstanding housing loan if I cease to be in government service due to reasons other than normal retirement or superannuation?: If you cease to be in service for any reason other than normal retirement or superannuation, or if you die before full repayment, the entire outstanding amount will become payable forthwith by you or your successor.
Am I eligible to apply under this scheme if my loan case was sanctioned but I was waiting for the disbursal of advance as on 15th May, 2020?: Yes, all 45 employees whose cases were sanctioned but were awaiting drawal of advance as on 15th May, 2020 are eligible to apply under this scheme.
Who will bear the costs of documentation, valuation, and other compliance requirements that the empanelled bank may demand for processing my loan takeover application?: You will be responsible for carrying out all required documentation and valuation needed for compliance from the bank's side, and the Government will not bear any costs for the same.
What should I do with the deed of mortgage or collateral security that I had earlier executed in favour of the Government when applying for this scheme?: The deed of mortgage or any other collateral security executed in favour of the Government earlier must be transferred in favour of the empanelled bank with an undertaking that you willingly desire to transfer the same.

आधिकारिक लिंक

संदर्भ

Guidelines

आवेदन करें

अभी आवेदन करें

Loan Housing Subsidy Interest Finance

आधिकारिक आवेदन या कार्यक्रम पोर्टल नए टैब में खुलता है। संदेह हो तो मंत्रालय की साइट पर विवरण सत्यापित करें।

Documents Required for Government Schemes

Most government schemes require basic documents for verification. While the exact requirements vary, common documents include:

Aadhaar Card
Income Certificate
Caste Certificate (if applicable)
Residence Proof
Bank Account Details
Educational Certificates (for student schemes)

How to Apply for Government Schemes?

The application process for government schemes may be online or offline depending on the scheme. In most cases, you can follow these steps:

Check eligibility criteria
Collect required documents
Fill the application form
Submit the application online or at the relevant office
Track application status

यह पृष्ठ सार्वजनिक व आधिकारिक स्रोतों से योजना सूचना का सार प्रस्तुत करता है। यह कानूनी, वित्तीय या व्यावसायिक सलाह नहीं है; अधूरी या पुरानी हो सकती है; तथा सरकारी अधिसूचनाओं का स्थान नहीं लेती। आवेदन या निर्भरता से पहले पात्रता, लाभ व आवेदन चरण आधिकारिक पोर्टल या परिपत्र पर अवश्य सत्यापित करें।

हिन्दी चुनने पर साइट पर मेनू, बटन, फ़िल्टर और जहाँ उपलब्ध हो श्रेणी नाम हिन्दी में दिखाए जाते हैं। योजना का मुख्य पाठ (शीर्षक, विवरण, पात्रता, दस्तावेज़ आदि) स्रोत की भाषा में रहता है—अक्सर अंग्रेज़ी—जब तक आधिकारिक द्विभाषी या हिन्दी संस्करण उपलब्ध न हो।