In the light of the eighth National Pay Scale, the process of lending to the government workers’ home has started. The Cabinet Division constituted a committee headed by the high level government directive.
This committee will logically recommend housing loan and recommend it. The loan will be given in the light of that recommendation. At the end of the next fiscal year, the government wants to start this loan gradually, according to the high level sources said. On the eighth pay-scale, a government charity has been advised to loan up to Tk 50 lakh (grade -1) and minimum 12 lakh (grade-20) equivalent to 60-80 in bank rate (5% interest). On September 30, 1996, the amount of money for the construction of the house and the purchase of car loan was finalized for the last government service.
Under the 36-year basic salary, the maximum loan of 1 lakh 20 thousand taka for home construction loan and the maximum salary of 12 months is equal to 40 thousand taka. Apart from this, a maximum of 60 thousand taka is equal to 18 month’s salary for home repair.
The amount of the loan for the government workers, see the details!