Summary:
Besides, an audit is being done of all the HBA loan transactions carried out in the city in the past one decade, said the police official. "An inquiry has been ordered to fix responsibility on the clerical cadre and the then ACP (admin). "A deputy commissioner of police said that any policeman, from constable to director general, can apply for the loan under the HBA scheme, which comes at a lower interest rate compared to financial institutions. However, the problem is that due to the high number of applications, the loans do not get sanctioned easily, he said. However, their loan file got sanctioned when the duo, as a disciplinary action, were facing suspension..