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    9/21/2017

    FESTIVAL ADVANCE Loans increased from Rs.3000/- to Rs.7500/- for Employees as per AP G.O.No.167

    FESTIVAL ADVANCE increased from Rs.3000/- to Rs.7500/- for Employees as per AP G.O.No.167 Admissibility in Revised pay Scales, 2015 Recommendation of Pay Revision Commission 2015.
    Festival Advance Increased

    FESTIVAL ADVANCE increased from Rs.3000/- to Rs.7500/- for Employees:


    FESTIVAL ADVANCE For all these categories: Motor Car Advance, Motor Cycle / Scooter, Moped Advance, Bicycle Advance, MARRIAGE, PERSONAL COMPUTER, FESTIVAL, SPECIAL FESTIVAL ADVANCE FOR PURCHASE OF APCO CLOTHE, EDUCATIONAL ADVANCE. All details are shown below in the table.

     Read the following:-

    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 second 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.

    The Ninth Pay Revision Commission, among others, has recommended the enhancement of eligible ceiling for various existing advances for which Government employees qualify as per Rules.

    Government, after careful consideration of the Tenth Pay Revision Commission recommendations, and in the modification of the existing orders in Government orders in the reference 1st read above, governing sanction of such advances to Government employees, here by enhancing the ceiling as recommended by the Tenth Pay Revision Commission, as follows.




    Eligibility
    Amount of Advance
    No. of Instalments
    Rate of Interest
    Eligibility
    Amount of Advance
    No.of Instalments

    Rate of Interest
    Motor Car Advance: 


    Officers whose basic pay is Rs.27700/- and above
    15 months’ basic pay or Rs.4.50 lakhs or actual cost whichever is less


    Principal – 135 Interest – 65
    8.50% p.a.
    Officers whose basic pay is Rs.37,100/- and above
    15 months’ basic pay or Rs.6.00 lakhs or actual cost whichever is less
    Principal – 135 Interest – 65
    a. For Class-IV -5.00% p.a. b. For Others - 5.50% p.a.
    Motor Cycle / Scooter:

    Officers whose basic pay is Rs 11,530/- and above
    07- months’ basic pay or Rs.60,000/- or actual cost whichever is less.




    Principal – 80 Interest –16
    7.50% p.a.
    Officers whose basic pay is Rs.22, 460/- and above .
    07- months’ basic pay or Rs..80,000/- or actual cost whichever is less.



    Principal – 80 Interest –16
    a.For Class-IV - 5.00% p.a. b.For Others - 5.50% p0.a.
    Moped Advance:


    Officers whose basic pay is Rs.11530/- and above. All Drivers who have completed two years of service irrespective of their basic pay.
    07- months’ basic pay or Rs.25,000/- or actual cost which-ever is less


    Principal – 60 Interest –16
    7.50% p.a.


    Officers whose basic pay is Rs.16,400/- and above. All Drivers who have completed two years of service irrespective of their basic pay.
    07- months’ basic pay or Rs.35,000/- or actual cost whichever is less
    Principal – 60 Interest –16
    a. For Class-IV - 5.00% p.a. b. For Others - 5.50% p.a.
    Bicycle Advance:


    All employees including Class-IV (except to those for whom advance for the purchase of Motor Car /Motor Cycle sanctioned earlier)
    Rs.5,000/- or Actual Cost whichever is less.
    Principal – 26 Interest –04


    6.50% p.a.


    All employees including Class-IV (except to those for whom advance for the purchase of Motor Car / Motor Cycle sanctioned earlier)



    Rs.10,000/- or Actual Cost whichever is less.
    Principal – 26 Interest –04




    a. For Class-IV -5.00% p.a. b. For Others - 5.50% p.a.







    1. In respect of all loans, the penal interest will be charged at the double the rate of common interest in case the advances are is-utilized or not utilised at all and at 1.5 times the normal rates for non-compliance with formalities.
    2. All other conditions governing the sanction of above advances under the existing Rules will continue.
    3.  These orders shall come into force from the date of issue of the G.O.
    Download Notification AP G.O.No.167 FESTIVAL ADVANCE increased from Rs.3000/- to Rs.7500/- for Employees Click Here

    FESTIVAL ADVANCE Loans increased from Rs.3000/- to Rs.7500/- for Employees as per AP G.O.No.167 Rating: 4.5 Diposkan Oleh: Jabiulla ap

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