HBA Interest Rate Concession for Small Family Norms Withdrawn
Small Family Norms in HBA Rules 2017 for Interest Rebate – 7th CPC recommendations implemented.
Government of India
Ministry of Housing & Urban
Housing – III Section
Nirman Bhawan, New Delhi,
Dated 31.01.2018.
OFFICE MEMORANDUM
Subject: Small Family Norms in House Building Advance Rules-2017 as per the recommendations of 7th CPC— reg.
The undersigned is directed to invite attention to Ministry of Finance’s 0M NO. 12(4)/2016-EIII.A dated 7th July 2017 on above mentioned subject and to say that interest rebate available to HBA beneficiaries for promoting small family norms shall cease to exist with effect from 01.07.2017.
(Shailendra Vikram Singh)
Director(IFD)
As a result of issue of above mentioned OM by Ministry of Housing, 0.5% housing loan interest concession available for maintaining small family norms has been withdrawn.