Continue housing scheme: GGEA urges Governor

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Panaji: Goa government employees association (GGEA) has urged the Governor Satya Pal Malik to place before the state government the demand to review the decision of revoking the house building advance scheme extended to its employees.

A delegation of GGEA led by its president Prashant Devidas on Tuesday called on the Governor and submitted a memorandum on the matter. The association earlier also submitted a memorandum to the Chief Minister and Chief Secretary requesting to revoke the decision of closure of house building advance scheme extended to the government employees.

GGEA stated that all the government employees are under tremendous mental stress “as they will face great financial hardships after closure of the said scheme.”

It further stated that around 5,500 employees have availed benefits of the scheme as per their basic salary keeping one-third of their salary for daily livelihood since there is no other alternative of income sources for the salary earners.

“Due to sudden and harsh decision of snatching away of house building advance scheme and also charging interest rates as per prevailing bank rates without any prior information the government employees will face financial crises as they have to make repayment of loans to the bank at prevailing rates of interest,” it said.

The association has also brought to the notice of the Governor that employees whose HBA loans are sanctioned by various departments have already executed agreement for sale by paying the

margin amounts for the purchase of flats or house and now they will be under pressure to make payment to the builders.