New instructions to banks for hassle-free services to citizens
The government has asked banks and financial institutions processing loans for purchasing property to accept the building permit order and registration certificate being issued for constructions up to 500 sq. mts. since online permissions are being allowed under the new TS-bPASS (Telangana State Building Permission, Approval and Self-Certification System), to provide hassle-free services to citizens.
State Level Banking Committee convenor has been instructed by Municipal Administration and Urban Development secretary Arvind Kumar to advise banking institutions to scan the QR codes provided in the online building permissions and instant registrations being made, available under the new system instead of asking for signed building plan permission copies from Urban Local Bodies (ULBs) concerned.