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Goa CM has fooled people on House Building Advance scheme: Goa Forward Party

Goa Forward Party (GFP) on Sunday alleged that Chief Minister Pramod Sawant had fooled government employees on House Building Advance (HBA) scheme issue.

Addressing a press conference, John Nazareth, Convener, Employees Forward, Goa Forward Party, said,’ The Goa Forward Party is in possession of a lengthy four page letter dated 12.06.2020 written by the bank official to the Additional Secretary Finance, Finance Department, Dept Management, Secretariat, citing at least 13 reasons why the House Building Advance scheme backed by Government of Goa Guarantee of Rs 300 crore cannot be abruptly closed. The main reason being written consent from the borrowers for conversion of Government HBA Loan to Bank’s Home Loan.’

He said the bank had clarified that the Net Take Home Pay (NTHP) should be minimum 40 per cent as per norms and the borrowers should arrange for inspection of property before conversion of the loan.

‘The mortgage that was done with the Government has to be done with the bank, expenses for the Title Investigation Report, Valuation Report, Stamp duty has to be borne by the borrowers. This will again put the burden on Government employees. The bank has also informed that that the Guarantee of Rs 300 crore will be released only upon completion of mortgage and other formalities. The existing mortgage should be released by Government by following due legal procedure,’ he said and alleged that Pramod Sawant Government had fully violated the procedure.

‘The CM is making public statements that Government servants are not working properly and that action will be taken. But from the contents of the bank letter it is clear that Pramod Sawant Government has totally failed to discharge its duties and violated the conditions of the bank. Pramod Sawant Government has unlawfully disturbed the peace of the Government servants who had availed having loan as per the scheme formulated by his own Guru the former Chief Minister of Goa Late Manohar Parrikar and soon after his death, Dr Pramod Sawant is creating ways to put the Government employees on roads,’ Nazareth alleged.

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