i.On receipts of sanction for grant of HBA /MCA/EDU Loan from finance department of H.P. and on receipt of the request for allotment of HBA/MCA/EDU Loan Account no. from the concerned department the HBA/MCA/EDU Loan account no. is allotted to the employee.

ii. After the sanction of HBA /MCA /EDU Loan and allotment of account no. loan is disbursed in lump sum or more than one instalments by the concerned departments.

iii. The debit of loan instalment disbursed to the loanee is received through treasury in the monthly account of the treasury and is posted in HBA /MCA/EDU Loans module in VLC.

iv.  After completion of recovery, the interest calculation sheet is prepared and interest also calculated by the concerned DDO. After that complete loan case is sent to this office for verification / vetting of interest. And no due certificate in respect of loan , is issued by this office.

v. Recovery of interest of loans is watched by the concerned DDO.