HBA House Building Loan Advance Sixth Pay Commission: HBA for government employees

There was some news regarding the sanction of financial assitance to the government employees after the Sixth Pay Commission Recommendations. One of the things was that government employees can expect some relief in terms of getting some Subsidised House Loans or Subsidised Home Loans for individual government employees. However, there is no news about modalities for this being worked out.

HBA House Building Loan Advance for government employees after Sixth Pay Commission

However, it is not going to be easy for this to provide any relief to any government employee

Take this case for HBA: The maximum amount of home loan a person is entitled to take is capped at just 7.5 lakhs. With that kind of money, who is able to build a house - forget about the metros, even in mid size towns nobody can afford the housing prices. What kind of relief will this kind of amount will provide? Possibly, not even in the villages where one has to buy the land and then build a house on it.

What are the changes in recommendations for HBA policy after Sixth Pay Commission?
The following information is available - the Sixth Pay Commission has recommendded that there should not be direct disbursement of advance money by the government directly i.e. employees cannot expect any form of direct payment for House Building Advance from the government. Instead, what is recommended is that government should get into some kind of agreement with the Public Sector Banks to offer subsidised interest rates for the loans that employees will take.
This means that government's role will not be in money payment or advance payments. Instead, the employee is directly expected to appraoch the respective bank, and take the loan directly from the bank. The government's role will be limited to offering a subsidy in the loan interest rate charged to the employee. The employee will have to directly repay the loan back to the bank.
General Sixth Pay Commission Salary Hike & Arrears Calculator

Salary Calculator for Pension calculations for Sixth Pay Commission Salary Hike
What is the loan rate subsidy offered by the Sixth pay Commission for HBA?
It is reported that for all employees will be offered a 2% subsidy in the loan rate offered by the home loan bank.
However, for employees with disabilities, the home loan rate subsidy will be 4%.

However, the bad news is that it has been 2 years since the recommendations of Sixth Pay Commission have come through, still there is no respite or clarity of implementation on HBA till date