Bhubaneswar: The Odisha government on Tuesday hiked the House Building Advance (HBA) for state government employees from Rs 25 lakh to Rs 40 lakh at 8 per cent rate of interest.
The decision has been taken as per the recommendations of the Seventh Pay Commission.
The assistance will be extended to all employees under the National Pension Scheme and permanent employees, a press release from the Chief Minister’s Office (CMO) said.
Earlier, the rate of interest was 11.5%.
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