LOANS AND ADVANCES - Admissibility in Revised pay Scales, 2015 – Recommendation of Pay Revision Commission 2015- Accepted –Orders – ssued.
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| ap teachers PRC 2015 Loans and Advances |
1.
G.O.Ms.No.175, Finance (A&L) Department, Dt: 15-05-2010.
2.
G.O.(P) No. 46, Fin (HRM-V) Department, dated. 30.04.2015.
3.
From the Special Secretary to Hon’ble Chief Minister C.M.P.No.625/Spl.
C.S/2017, Dt: 22-06-2017 enclosing the representation of the Andhra Pradesh
Secretariat Association, Dt: 09-06-2017.
In the Government Order 2nd read above,
based on the recommendations of the Tenth Pay Revision Commission, Orders were
issued implementing the Revised Pay Scales, 2015 to the State Government
employees.
2.
The Ninth Pay Revision Commission, among others, has recommended the
enhancement of eligible ceiling for various existing advances for which
Government employees are eligible as per Rules.
3.
Government, after careful consideration of the Tenth
Pay Revision Commission recommendations, and in modification of the existing
orders in Government orders in the reference 1st read above, governing sanction of such advances to
Government employees, here by enhance the ceiling as recommended by the Tenth
Pay Revision Commission, as follows.
Motor Car Advance:
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Existing
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Revised
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Eligibility
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Amount
of Advance
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No. of
Instalments
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Rate
Interest
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of
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Eligibility
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Amount of
Advance
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No.of
Instalments
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Rate
of Interest
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Officers
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whose
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basic
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15 months’
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Principal –
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8.50%
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Officers
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15 months’
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Principal
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–
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a. For
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pay is
Rs.27700/- and
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basic pay
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135
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p.a.
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whose
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basic
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basic pay or
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135
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Class-IV
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above
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or Rs.4.50
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Interest – 65
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pay
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is
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Rs.6.00
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Interest – 65
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-5.00%
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lakhs or
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Rs.37,100/-
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lakhs or
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p.a.
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actual cost
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and above
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actual cost
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whichever
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whichever is
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b. For
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is less
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less
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Others -
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5.50%
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p.a.
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Existing
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Revised
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Eligibility
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Amount of
Advance
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No.of Instalments
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Rate of
Interest
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Eligibility
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Amount of
Advance
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No.of Instalments
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Rate of
Interest
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Officers
whose basic pay is Rs 11,530/- and above
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07- months’ basic pay
or Rs.60,000/-
or
actual cost
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Principal – 80
Interest
–16
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7.50% p.a.
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Officers
whose basic pay is
Rs.22,
460/-
and above .
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07- months’ basic pay or Rs..80,000/-
or actual cost whichever is
less.
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Principal – 80
Interest
–16
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a.For
Class-IV - 5.00%
p.a.
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whichever is
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b.For
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less.
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Others -
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5.50% p.a.
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b. Motor Cycle / Scooter:
c. Moped Advance:
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Existing
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Revised
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Eligibility
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Amount of
Advance
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No.of Instalments
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Rate
of Interest
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Eligibility
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Amount of
Advance
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No.of Instalments
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Rate of
Interest
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Officers whose
basic
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07- months’ basic pay
or
Rs.25,000/-
or
actual cost which-ever is less
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Principal –
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7.50%
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Officers
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07- months’ basic pay
or
Rs.35,000/-
or
actual cost whichever is less
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Principal –
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a. For
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pay is
Rs.11530/- and
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60
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p.a.
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whose basic
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60
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Class-IV -
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above.
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Interest –16
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pay is
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Interest –16
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5.00%
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Rs.16,400/-
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p.a.
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and above.
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All Drivers
who have
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b. For
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completed two years
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Others -
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of service irrespective
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All Drivers
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5.50%
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of their basic pay.
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who have
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p.a.
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completed
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two years
of
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service
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irrespective
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of their basic
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pay.
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d. Bicycle Advance:
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Existing
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Revised
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Eligibility
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Amount
of Advance
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No.of Instalments
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Rate of
Interest
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Eligibility
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Amount of
Advance
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No.of Instalments
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Rate
of Interest
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All employees
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Rs.5,000/-
or
Actual Cost
whichever is less.
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Principal –
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6.50%
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All
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Rs.10,000/-
or
Actual Cost whichever is less.
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Principal –
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a. For
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including Class-IV
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26
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p.a.
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employees
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26
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Class-IV
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(except to
those for
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Interest –04
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including
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Interest –04
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-5.00%
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whom advance for
the
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Class-IV
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p.a.
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purchase of
Motor Car
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(except to
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/Motor Cycle
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those for
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b. For
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sanctioned earlier)
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whom
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Others -
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advance for
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5.50%
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the purchase
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p.a.
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of Motor Car
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/ Motor Cycle
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sanctioned
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earlier)
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2). MARRIAGE ADVANCE:
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Existing
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Revised
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Eligibility
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Amount of Advance
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No.of
Instalments
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Rate of
Interest
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Eligibility
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Amount of
Advance
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No.of
Instalments
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Rate of
Interest
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For the
marriage of male
employees themselves or for the
marriage of sons of the male /
female employees.
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a. For Class-
IV :
Either 15
months’ pay or Rs.30,000/- whichever is less.
b.For Others: Either 15
months pay
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Principal – 70
Interest – 10
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1.
Gazetted Officers – 8.5% p.a.
2.
Non-
Gazetted
Officers – 7.5% p.a.
3.
Class-IV employees
– 6.5% p.a.
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For the
marriage of
male employees them-selves or for the marriage of sons of the
male /
female
employees.
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a.
For Class-
IV
Either 15
months pay or
Rs.75,000/-
whichever is less.
b.
For
Others:
Either 15
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Principal – 70
Interest – 10
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a.
For Class-IV
-5.00% p.a.
b.
For Others - 5.50% p.a.
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or
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months pay
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Rs.50,000/-
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or Rs.
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whichever is
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1,25,000/-
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less.
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whichever is
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less.
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For the
marriage of
female employees them-selves or
for the
marriage of daughter of
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a. For Class-
IV :
Either 15
months pay or
Rs.50,000/-
whichever is less.
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Principal
– 70
Interest – 10
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1.
Gazetted Officers – 8.5% p.a.
2.
Non-
Gazetted
Officers – 7.5% p.a.
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For the
marriage of
male employees them-selves or for the marriage of
sons of the
male /
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a. For Class-
IV
Either 15
months pay or
Rs. 1,00,000/-
whichever is less.
b.
For Others: Either 15
months pay or
Rs. 2,00,000/-
whichever is less.
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Principal
– 70
Interest – 10
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a.
For Class-IV
-5.00%
p.a.
b.
For Others - 5.50% p.a.
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the male /
female employees
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b. For
Others:
Either 15
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3. Class-IV
employees –
6.5% p.a.
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female
employees
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months pay
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or Rs.75,000/-
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whichever is
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less.
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3). PERSONAL COMPUTER ADVNACE:
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Existing
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Revised
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|||||||
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Eligibility
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Amount of
Advance
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No.of
Instal- ments
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Rate
of Interest
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Eligibility
|
Amount of
Advance
|
No.of
Instal- ments
|
Rate of Interest
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Employees
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Rs.50,000/-
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Principal-135
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8.50%
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Employees
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Rs.50,000/-
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Princip
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a. For
Class-IV
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-
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whose basic pay
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Interst-65
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whose basic
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al-135
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5.00% p.a.
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is Rs.22,430/-
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pay is
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Interst-
|
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p.m., or more.
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Rs.16,400/-
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65
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b. For Others
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-
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p.m., or
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5.50% p.a.
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more
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4). FESTIVAL ADVANCE:
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Existing
|
Revised
|
||||
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Eligibility
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Amount of Advance
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No.of Instalments
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Eligibility
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Amount of Advance
|
No.of Instalments
|
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a) Employees
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Rs.3,000/-
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10
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a) Employees
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Rs.7,500/-
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10
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drawing pay in
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drawing pay in
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the scale of
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the scale of
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Rs.13,660 – 38,570
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Rs.26,600 –
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or below .
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77,030 or below
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b.) For Class-IV:
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b.) For Class-IV:
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Rs.2,000/-
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10
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Rs.5,000/-
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10
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5). SPECIAL FESTIVAL ADVANCE FOR PURCHASE OF
APCO CLOTH:
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Existing
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Revised
|
||||
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Eligibility
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Amount of Advance
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No.of Instalments
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Eligibility
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Amount of Advance
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No.of Instalments
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a) Gazetted
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Rs.5,000/-
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10
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a) Gazetted
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Rs.7,500/-
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10
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Officers
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Officers
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b) Non-Gazetted
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Rs.4,000/-
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10
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b) Non-
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Rs.6,000/-
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10
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Officers
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Gazetted
|
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Officers
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b.) For Class-IV:
|
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Rs.3,000/-
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10
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b.) For
Class-
|
Rs.4,500/-
|
10
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IV:
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6). EDUCATIONAL ADVANCE:
|
Existing
|
Revised
|
||||
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Eligibility
|
Amount of
Advance
|
No.of Instalments
|
Eligibility
|
Amount
of Advance
|
No.of Instalments
|
|
Non-Gazetted Officers and Class-IV:
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Rs.5,000/-
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10
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Non-Gazetted
Officers and Class-IV:
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Rs.7,500/-
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10
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4.
In respect of all loans the penal interest will be charged at the
double the rate of normal interest in case the advances are mis-utilized or not
utilized at all and at 1.5 times the normal rates for non-compliance with formalities.
5.
All other conditions governing the sanction of above advances under the
existing Rules will continue.
6.
These orders shall come into force from the date of issue of the G.O.