LOANS AND ADVANCES-Other Advances-Admissibility in Revised Pay Scales,2015-Recommendation of Tenth PRC-Accepted orders issued vide GO.39 Dt.15-4-15 of Finance Dept.
Advance Loans to Govt Employees in RPS-2015
| Sl. No | Nature of Loan | Pay Range in RPS,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 15months’ basic pay or actual cost of vehicle or Rs.6 lakhs,whicheveris less | 135--65 | For Class.IV employees @5.00%p.a. For others @5.50%p.a. |
| 2 | Personal Computer Advance | Employees drawing basic pay of Rs.16,400/-and above.(Judicial Officers are not eligible) | 50,000/- | Actual cost of the PersonalComputer or Rs.50,000/-,whichever is less | 135-65 | For Class.IV employees @5.00%p.a. For others @5.50%p.a. |
| 3 | Special Festival Advance | Gazetted Officer | Rs.7500/- | Once in a financial year | 10 equal instalments | Interest free |
| 4 | Special Festival Advance | Non-Gazetted Officer | Rs.6000/- | Once in a financial year | 10 equal instalments | Interest free |
| 5 | Special Festival Advance | Class.IV employees | Rs.4500/- | Once in a financial year | 10 equal instalments | Interest free |
| 6 | Education Advance | Non-Gazetted employeesincluding Class.IV employees | Rs.7500/- | Once in a financial year | 10 equal instalments | Interest free |