Loans and Advances in RPS, 2015
Telangana Government has been released Loans and Advances G.O to their employees i.e. G.O.Ms.No. 39 Finance (HRM.IV) Dept. Dt.15.04.2015, based on the recommendations of Tenth
Pay
Revision Commission, orders were
issued
implementing the Revised Pay Scales, 2015
to the State Government
employees.
The Tenth Pay Revision Commission, inter
alia, has recommended the enhancement of ceiling
for various existing advances for which Government employees are
eligible as per Rules.
Government, after careful consideration of the recommendations of the Tenth Pay
Revision Commission and in modification of the existing orders
in Government Order 1st read above
governing sanction of advances to Government employees, hereby enhance the ceilings as recommended by
the Tenth Pay
Revision Commission, as follows:
Sl.
No.
|
Nature of Loan
|
Pay Ranges in Revised Pay Scales, 2015
|
Enhanced Ceiling Amount in Rupees
|
Eligibility
|
Maximum monthly instalments
for recovery Prl. Int.
|
Rate
of interest
|
1
|
Motor
Car Advance
|
Employees drawing
basic pay
of Rs.37,100/- and above.
|
6,00,000/-
|
Either 15 months’ basic
pay or
actual
cost of vehicle or Rs.6 lakhs, whichever is less.
|
135 65
|
For Class. IV employees
@ 5.00% p.a.
For
others @ 5.50% p.a.
|
2
|
Motor Cycle/
Scooter
|
Employees drawing
basic pay
of Rs.22,460/-p.m. and above.
|
80,000/-
|
Either 7 times of basic pay or actual cost of vehicle or Rs.80,000/, whichever is less.
|
80 16
|
For Class.IV employees
@ 5.00% p.a.
For
others @ 5.50% p.a.
|
3
|
Moped Advance
|
Employees drawing
basic pay
of Rs.16,400/- p.m. and above,
and
for
all
Drivers who have completed
2 years of service
irrespective
of
their pay as above.
|
35,000/-
|
Either 7 times
of
basic pay
or actual cost of vehicle
or Rs.35,000/-,
whichever is less
|
60 16
|
For Class.IV employees
@ 5.00% p.a.
For
others @ 5.50% p.a.
|
4
|
Bicycle
Advance
|
--
|
10,000/-
|
Actual
cost of Bicycle or Rs.10,000/,
whichever is less
(All
employees including Class -IV, except to those for
whom advance for the purchase of Motor Car/Motor Cycle/Moped was sanctioned
earlier)
|
26 4
|
For Class.IV employees
@ 5.00% p.a.
For
others @ 5.50% p.a.
|
5
|
Marriage Advance
|
--
|
Either 15 months
pay or Rs.75,000/- whichever
is
less for
Class.IV employees.
1,25,000/- or Either 15 months pay or Rs.1,25,000/- whichever is less
for others.
Either 15
months pay or Rs.1,00,000/-whichever is less for Class.IV employees.
Either 15
months pay or Rs.2,00,000/- whichever is less for others.
|
For the
Marriage of Male
employees themselves or for the marriage of sons of the
male/female employees.
For the marriage of Female employees themselves or for the
marriage of daughters of the male/female employees.
|
70 10
|
For Class.IV employees
@ 5.00% p.a.
For
others @ 5.50% p.a.
|
6
|
Personal Computer Advance
|
Employees drawing basic pay of Rs.16,400/-and above. (Judicial Officers are not eligible).
|
50,000/-
|
Actual cost of the Personal
Computer
or Rs.50,000/-, whichever
is less.
|
135 65
|
For Class.IV employees
@ 5.00% p.a.
For
others @ 5.50% p.a.
|
7
|
Festival
Advance
|
Class-IV employees
For
other than
Class.IV
Employees
drawing
pay in the scale of pay of Rs.13360 – 38570/- or below.
|
5,000/-
7500/-
|
Once
in
a
financial year
|
10 equal instalments
|
Interest free
|
8
|
Special Festival
Advance
|
a.
Gazetted Officer
b.
Non-Gazetted Officers
c.
Class.IV employees
|
7500/-
6000/-
4500/-
|
Once in a
financial year
|
10 equal
instalments
|
Interest free
|
9
|
Education Advance
|
Non-Gazetted employees
including
Class IV employees.
|
7500/-
|
Once
in the academic year
|
10 equal instalments
|
Interest free
|
In respect of all loans, the penal interest will be charged at the double the rate of
normal interest
in case the advances are
misutilised
or not utilised
at all and at 1½ times the normal rates
for non-compliance
with formalities.
All other conditions governing the sanction of the above advances under the existing Rules/orders will continue.
These orders shall
come
into
force from 01-04-2015.
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