Governor is pleased to decide to abolish the upper cost ceiling limit for construction/ acquisition of house/ flat funded from all sources by the employees.
House Loan facility is offered to the employees / officers of the State Government of West Bengal under Housing Loan Scheme published in different Memos for different Nationalized Banks.
Interest on borrowed capital for House Building Advance would be on the basis of accrual of interest which would start running from the date of drawal of the advance.
Rates of interest on loans and advances to Government Servants, etc. for the year 2015-2016. No. 331-FB dated 17.06.2016. House Building Advance upto 50k @6%.
Last Date of ONLINE application: 29.02.2016. Application Money: 25000/-, Last date of depositing the application money : 02.03.2016. Mode of Payment: By cash through Bank of Baroda.
Self Financing Housing scheme for senior level IAS Officers of the State Cadre similar to that of the West Bengal Government Servants and Policeman working for this State.
Rate of Interest for Other Advances (i.e. advances in connection with marriage, illness, etc. and advances for other purposes) including passage advance is 5.5% per annum.
The benefit of the scheme may be applicable to all Government Servants as defined in W.B.S.R. except those Government Employees who have their own separate housing scheme such as the Housing Scheme called ‘Pratyasha’ for policemen.