Housing Loan Scheme-Tie up with United Bank of India

GOVERNMENT OF WEST BENGAL
FINANCE DEPARTMENT
BUDGET BRANCH.

No.2242-FB

Dated: 30 November. 2011

MEMORANDUM

Sub:- Housing Loan Scheme for the Employees of the Government of West Bengal iN association with the United Bank of India Under tie-up arrangement-Rate of interest with immediate effect.

   In continuation of this Department Memo. Nos.1456-FB, dated 08.11.2006, 828-FB, dated 29.07.2008, 1636--FB dated 01.12.2008, 1860-FB, dated 06.01.2009,2492-FB, dated 30.03.2009,1300-FB dated 1l.09.2009,505-FB dated 11.03.2010 and 2620-FB dated 27.12.2010, the undersigned is directed by order of the Governor to say that the Governor has been pleased to accord sanction to introduce the fixed rate of interest in the Housing Loan Scheme for employees of Govt. of West Bengal as with immediate effect in the following manner as prescribed by UNITED BANK OF INDIA.

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Housing Loan Scheme for the employees of the Government of West Bengal in association with the United Bank of India & West Bengal State Co-operative Bank Ltd.

Government of West Bengal

Finance Department

Budget

No. 1196(300)-F.B.

Dated kolkata, the 10th June 2011

MEMORANDUM

Sub : Housing Loan Scheme for the employees of the Government of West Bengal in association with the United Bank of India & West Bengal State Co-operative Bank Ltd.

   Government of West Bengal, with a view to offering encouragement to Government servants to construct /purchase their own residential houses /flats, used to disburse loans to Government employees. Sanctions of loans were governed by rules 308 to 312 of West Bengal Financial Rules Vol-I. and also on the basis of executive orders issued from time to time. In the year 1999, Finance Department issued a Government order 1300-FB dated 31st May, 1999 revising the existing rules 308 to 312 of West Bengal Financial rules Volume - I. In terms of para 9 of G.O. No. 1300-FB dt. 31.5.1999 Government employee was also eligible to avail himself of House building loans from Nationalised banks/ Government Financial Institutions in addition to house building loans obtained from Government. In those cases, the only Condition was imposed that the Government employee will have to execute a bond mortgaging his property as “First Charge” in favour of the State Government.

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