The government has decided to give loan for construction of house and purchase of flats from the next year, UNB reports.
Announcing the proposed budget for fiscal 2018-19, Finance Minister Abul Maal Abdul Muhith said at the Jatiya Sangsad on Thursday, “Recently, the Prime Minister has asked to raise the amount of house building loan to a reasonable level. We have formulated a policy guideline for providing loan from the banking system bearing in mind the fact that the government employees especially the new entrants should own a flat or a house.”
“The new policy will become effective in the next fiscal year. Under this policy, a public servant will be entitled to loans for the construction of house or purchase of flats anywhere in the country,” he also said.
“This loan will be provided to them at a moderate interest rate through the banking system and the interest differential will be paid by the government as subsidy to the commercial banks,” he said, adding, “I hope this will motivate the government employees to be more proactive in delivering public services and establishing good governance everywhere.”