NAME OF THE SCHEME LAST DATE FOR APPLYING OTS
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3.Corporate Housing Loan Scheme Only in case of death of a loanee his
survivor can apply under this scheme
4.Kalinga Kutir Scheme(CMG) Still open till further order.
5.Cyclone Loan Housing Scheme Still open till further order.
(CLHS)
(ii) Enforcement of Security interest Act 2002(Securitisation Act)
The Govt of India have notified ORHDC as the " Financial Institution " vide its notification no.1282 (E), dated 10-11-2003. This Act empowers ORHDC to seize and dispose of the mortgaged property in case of defaulted loanees directly without approaching any court.
(iii) Initiation of civil & criminal cases for recovery of outstanding loan dues
ORHDC is filing Title Mortgage Suit, Money Suit, OPDR Cases and Criminal Cases and cases being investigated by Vigilance and Crime Branch against the defaulted loanees financed under different Loan Schemes.
(iv) Appointment of Recovery and Enforcement Agent
ORHDC has engaged M/s POWER AID as Recovery and Enforcement Agent for collection of outstanding dues from the defaulting loanees.
(v) Formation of a High Power Advisory Committee by Government
An advisory committee has been constituted under the chairmanship of Hon'ble Minister Housing for revival of ORHDC vide H & UD department notification no.XH-72/2005, dated-01/08/2005.
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