Government job benefits… Now the government will help ‘these’ employees to build houses, see who will get the benefits and how much…

Government Employee News : Many people think that a good MNC means a package of ten to twelve lakh rupees in a multinational company and a government job with a salary of 30 to 40,000 per month. Obviously, not everyone thinks so, but the importance of government jobs has increased tremendously in recent times.

Government jobs in rural areas are called fix chokri. Of course young people who have government jobs meet their ideal partner early. Actually government job means financial security, timely salary, status in society, the most important thing is various perks and benefits along with salary.

Apart from this, after retirement, government employees get various benefits which attract many people to government jobs. Meanwhile, today we are going to see information about one such benefit available to government employees.

Therefore, if you are also preparing to join the government service or already joining the government service, then you should definitely read this news till the end. In fact, government employees are provided financial assistance of lakhs of rupees through a specific scheme for building houses.

Central Government employees are given House Building Advance or HBA. Now we are going to understand the detailed information regarding this house building advance from this article.

What is House Building Advance?

The House Building Advance Scheme of the Central Government is not a new scheme. The scheme has been running for many years but recently there has been an important change in it which is benefiting the central government employees the most and this change is being welcomed all round.

Through this scheme, the central government provides home loans to government employees at very low interest rates. This makes the employee’s dream of a house easily fulfilled and he does not have to face much financial difficulties.

What is special is that under this scheme direct assistance up to Rs 25 lakh is now being made available. Earlier the amount was less but in the new rule the amount has been increased. According to the new rules, central government employees will be eligible to take a loan of 34 times their basic salary plus dearness allowance or a maximum of Rs 25 lakh, whichever is less.

Loan can be availed not only for building or buying a house but also for renovation i.e. renovation can be availed of this scheme. Employees get help from this scheme if they want to expand the house.

A separate limit has been set if the house is to be renovated. Meanwhile, maximum interest rate of seven and a half percent can be charged for the loan given under this scheme. Also the minimum interest rate is six percent. But only those employees who have served for at least five years can avail this benefit.

But the biggest condition of this scheme is that if both husband and wife are in government jobs then only one of them can apply for home loan i.e. if two people are employed then both of them cannot apply.