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Thursday, September 6, 2012

HBA Advance Rs.15 lakhs to 25 lakhs orders


TAMIL NADU GENERATION AND DISTRIBUTION CORPORATION LIMITED

                                           ( ABSTRACT)

Loans and Advances – House Building Advance –  Enhancement of Ceiling on House Building   Advance from Rs.15.00 lakhs to 25.00 lakhs –  Orders – Issued.
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                                                (SECRETARAT BRANCH)

(PER) (FB) TANGEDCO PROCEEDINGS  NO.48                                DATED  5.9.2012.

                                                                                          Avani 20,                                                                                                                                     
                                                                                                 Thiruvalluvar Aandu 2043

                                                                                     READ:

                      1. (Per.) B.P. (FB) No. 7 (SB) dated 7.4.2010.
                              2. G.O. Ms. No. 135 (Housing and Urban Development
                         (HBA) department dated 20.6.2012.

                                                ***
PROCEEDINGS:       
          According to B.P. first cited, the Board employees are granted House Building Advance not exceeding 75 months’ pay including officiating pay (except officiating pay drawn in a leave vacancy) Personal Pay and Dearness Allowance  wherever admissible subject to a maximum of :

(i)  Rs.15,00,000/- (Rupees Fifteen lakhs ) for partly for purchase of land
        and partly for construction of a house thereon or for construction   
     of a house or for purchase of Ready Built House/Flat and

      (ii)  Rs.7,50,000/- (Rupees Seven lakhs fifty thousand) for enlargement/  
     improvement of existing living accommodation (wiithin the  
     overall ceiling of Rupees Fifteen lakhs).

Subject to the above ceiling, the advance in each case will be restricted to such amount which together with interest thereon will not exceed the amount that will be recoverable from the salary of the TANGEDCO employee at the rate of 50% of Pay + Dearness Allowance and Death-cum-Retirement Gratuity which he/she can surrender towards the repayment of the advance as per the rules.

          2. The ceiling on House Building Advance to the Government Servants was lastly revised in the year 2009.  At this distance of time, considering the escalation in the cost of land and building material, the Honorable Minister for Finance,  in the Budget Speech for the year 2012-2013, has announced enhancement of the present House Building Advance ceiling from Rs.15  lakhs  to  Rs.25  lakhs   to   Government    Employees.     The          Government,   after     careful       examination,      have       decided     to         enhance        the     existing 
                                                                                                ..2..




                                                 : 2 :

maximum  ceiling  of House Building Advance as detailed below, subject to all other condition/orders in force of sanction of House Building Advance:-          

(i) partly for purchase of land and partly for construction of a     
    house thereon, or for construction of a house or for purchase of    
    Ready Built House / Flat from Rs.15,00,000/- to Rs.25,00,000/-   
    (Rupees Twenty five lakhs  only) to Government Servants.


   (ii) for enlargement / improvement of existing living accommodation    
        from Rs.7,50,000/-  to Rs.12,50,000/- (Rupees Twelve lakhs and
        fifty thousand only) subject to 50% of the overall ceiling limit of
        Rs.25,00,000/-.
         
3.   Enhancing the ceiling on grant of House Building Advance to the employees of the TANGEDCO based on the orders of the Government has been considered carefully and decided to adopt the Government Order.  Accordingly, the TANGEDCO  directs  that  the   ceiling  of  House  Building  Advance  to  the  TANGEDCO  employees shall be enhanced as follows, subject to all other conditions / orders in force for sanction of House Building Advance :-.


          (i)  partly for purchase of land and partly for construction of a        
               house thereon, or for construction of a house or for
               purchase of  Ready Built House / Flat from Rs.15,00,000/-  
               to  Rs.25,00,000/- (Rupees Twenty five  lakhs only).

  
         (ii) For enlargement / improvement of existing living 
             accommodation from Rs.7,50,000/- to Rs.12,50,000/-
             (Rupees Twelve lakhs and fifty thousand  only) subject to
             50% of the overall ceiling limit of Rs.25,00,000/-.


The above orders shall take effect from 01.04.2012.

          4. Necessary amendments to Board’s House Building Advance Rules read with transfer and Reforms Scheme 2010 will be issued separately.

          6. The receipt of the TANGEDCO Proceedings shall be acknowledged.
(BY ORDER OF THE BOARD)

                                                                                      A,S,PASUPATHI
                                                                                         SECRETARY


To
All Chief Engineers.
The Chief Financial Controllers/General and Revenue, / Accounts Branch.
All Superintending Engineers.
The Chief Internal Audit Officer/ Audit Branch/TANGEDCO
Copy to
All Branches.
All Officers/Sections/ Secretariat Branch.
“A-10” Section/Secretariat Branch w.r.to Memo. No.62100/A10/A101/12-7 dt.1.9.2012
“A-16” Section/ Secretariat Branch.
The Director, Computer Centre.
The Assistant Personnel Officer /Tamil Development for publication in T.N.E.B. Bulletin
Tamil Nadu Electricity Worker’s Federation.
Tamil Nadu Electricity Board Accounts & Executive Staff Union.
Tamil Nadu Electricity Worker’s Progressive Union.
Central Organisation of TNEB Employees.
Minsara Pirivu Anna Thozhir Sangam
Tamil Nadu Minvariya Janatha Thozhilalar Sangam,
Tamil Nadu National Electricity Workers’ Federation (2 Groups)
Tamil Nadu Electricity Board Engineers’ Sangam.
Tamil Nadu Electricity Employees Congress.
Tamil Nadu Electricity Thozhilalar Aykkiya Sangam
Tamil Nadu Electricity Board Engineers’ Association.
Tamil Nadu Electricity Board Finance & Accounts Officers Association
Bharathiya Electricity Employees Federation.
Tamil Nadu Electricity Board Card Billing Staff Union
Tamil Nadu Electricity Board Dr.Ambedkar Employees Union
Stock file.

                           : TRUE COPY : FORWARDED BY ORDER :

                                                                                       SECTION OFFICER

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