GOVERNMENT OF KERALA

Abstract
/
HOUSE BUILDING ADVANCE SCHEME TO STATE GOVERNMENT EMPLOYEES ADDMONAL -
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LOAN FROM RECOGNISED FINANCIAL INSTITUTIONS CREATION OF SECOND MORTGAGE
_ ENHANCEMENT OF LIMIT SANCTIONED - ORDERS ISSUED.
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FINANCE (HBA) DEPARTMENT
G.O. (P) No.87l2013/Fin. Dated, Thiruvananthapuram, 18.02.2013.

Read: 1. G O (P) No.436l9!Fin. Dated 31.07.1991

2. G O (P) No.528/97lFin. Dated 07.05.1997
3. G O (P) No.1610l99lFin. Dated 22.07.L999
4. G O (P) No.76l08/Fin. Dated 11.02.2008
5. G O (P) No.sOs l}9lFin. Dated 12.11.2009
6. G O (P) No.85/201UFin. Dated 26.02.201L
SRDER
1) As per the Government Order read 1s paper above, Government employees were
permitted to avail House Building loans from recognized financial institutions by creating
Second Mortgage on the propefi already pledged to Government.

2) As per the Government order 2n0,3'o and 4th cited the cost ceiling for creating 2nd

mortgage has been enhanced thrice previously. Now the Government Order under 4h cited is
running, accordingly cost ceiling limit stands 100 times of basic pay subject to the maximum
of 10 lakh.

3) Employees representing various depaftments have approached the Government

with request to enhance the cost ceiling existing under the Government Order 4th cited in
view of the escalation of cost in construction had in the last 5 years. Besides pay revision
makes them affordable to avail more amount as loans.

4) Government have examined the matter in detail and are pleased to order that, the
total amount of House Building Advance sanctioned by Government and the loan raised by
Government seryants from outside financial institutions by creating second moftgage shall not
exceed the cost ceiling limit of 100 times of basic pay subject to maximum of Rs.25 lakhs.
All other conditions existing in the Government Order read 4th paper above shall remains the
same and will be followed.
(BY ORDER OF THE GOVERNOR)

T.GANGANDHAMN NAMBIAR
ADDMONAL SECRETARY (FINANCE)

To
The Principal Accountant General (Audit), Kerala, Thiruvananthapuram
The Accountant General (A&E), Kerala, Thiruvananthapuram
 2
The Chairman and Managing Director, HUDCO, HUDCO Bhawan,
Indian Habitat Centre, Lodhi Road, New Delhi 11OOO3.
The General Manager, state Bank of India, Thiruvananthapuram
The General Manager, (operations), state Bank of Travancore.
Poojapura, Thiruvananthapuram
The General Manager, Canara Ban( Thiruvananthapuram
The General Manager, LIC Housing Finance Ltd, Mumbai, 4oooo1
The Assistant General Manager, Federal Bank, Regionat 6nici,
M.G.Road,
Thiruvananthapuram
The Deputy General Manager, (Kerala) HDFC House, pB No.22BB,
Vazhuthacaud,
Thiruvananthapuram
The Deputy General Manager, Indian Ban( circle office, No.3BlL6l2,
chittur Road,
Pullepady, Ernakulam, 682035
All Heads of Departments and Officers
All Departments (All Sections) of the Secretariat
The Reg istra r, University of Kerala/coch inlca licut/Kan nur (with
c. L)
The Registrar, Mahatma Gandhi University, Kottayam
rwiilr c.rl
The Registrar, Kerara Agricurturar University, Thriisur
rwm C.rj
The Registrar, sree sankaracharya Sanskrii University, rauJy (wittr
-.-' c.r_;
The Secretary, Kerala State Electricity Board (with C.L)
The Managing Director, Kerala state Road Transport iorporation (with
-- c.L)
The-Registrar, High Court of Kerala, Ernakulam
fwitfr C.f)-
All Principa I secreta ries/secreta ries/speciar Secreta ries
All Additional secretaries/Joint secretaries/Deputy secretaries
and Under secretaries to Govt.
The Secretary to Governor, Rajbhawan (with t.lj
The Principal Secretary to speaker of the Legisrafive Assembry
The Private secretaries, chief Minister and other Ministers
The Private Secretary to Leader of Ooposition
The Joint Secretary to the Chief Secretary
The Director of pu6lic Relations, Thiruvananthapuram
The Director of Treasuries, Kerala, Thiruvananthapuram
The Registrar, Kerala Lok Ayuka
The Ombudsman for Local Self Government Institutions
The Secretary to Governor
The Additional Secretary to Chief Secretary
Nodal Office r, www. finance. kerala.gov. in
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The stock File/Office Copy

Fonruarded / By Order

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Section Officer