The benefit of HBA scheme has been extended till 31st March 2022 for the employees who want to build a house.
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7th Pay Commission: Recently, the Central Government has increased Dearness Allowance (DA) as well as Dearness Relief (DR) for central employees. This is affecting the salary of central employees. Along with this, pensioners are also getting some benefit.
Recently, for those employees who want to take advantage of HBA i.e. House Building Advance, the benefit of this scheme has been extended till 31 March 2022. Along with this, the government is providing loans at the rate of 7.9 percent. Under this scheme, central employees can build their own house.
Along with getting relief on HBA, DA and DR have been given to the employees and pensioners. The Central Government had frozen DA and DR for the last few months due to Corona virus. But now it has been reinstated with the new rate.
At the same time, according to media reports, there are some indications that the government may approve dearness allowance for June. It is being said that the central government may soon increase the DA by 3 percent. If this happens, then there may be an increase of 31 percent in the DA of central employees.
An important decision has been taken for the same pensioners. This decision has been taken regarding the life certificate. In the event of the death of the employee, the pension (50 percent share) will be given to the family or dependents of the employee after the employee is no more. Explain that the limit of 7 years of service for pension for the dependents of the employee has been abolished.
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