The maintenance of accounts of House Building Advance (HBA) and Motor Car Advance (MCA) have been transferred to Directorate of Pension and Provident Fund vide Finance Department's Government Resolution No. DPP/4887/588/1/P-1 dated 7.3.1989. Till 31.3.1989, these accounts were maintained by the office of Accountant General, Rajkot and Pay and Accounts Office, Ahmedabad-Gandhinagar. Now from 1.4.1989, the functions relating maintenance of accounts of HBA and MCA of all the Government employees/officers are performed by this office.
This office also deals with the functions relating to repayment of loans availed from Banks and other financial institutions and the interest thereon against the sale of government HBA portfolio as mentioned in Finance Department's Memorandum No.NNM/102004/256/Z dated 1.7.2004. This office monitors the regular repayment also.