AP Employees Loans Festival Advance Pay increase:
In the Government Order G.O.(P) No. 46, Fin (HRM-V) based on the recommendations of the 10th Pay Revision Commission, Orders were issued implementing the Revised Pay Scales, 2015 to the State Government employees.
The 9th Pay Revision Commission the enhancement of eligible ceiling for various existing advances for which Government employees are eligible as per Rules.
AP Employees Loans Festival Advance Pay Details:
Motor Car Advance: Existing Officers whose basic pay is Rs.27700/- and Above they are eligible. Advance: 15 months’ basic pay or Rs.4.50 lakhs or actual cost whichever is less. Installments: Principal 135, Interest 65. Rate of interest: 8.50% p.a.
Revised Candidates: Officers whose basic pay is Rs.37,100/- and above. Amount: 15 months’ basic pay or Rs.6.00 lakhs or actual cost whichever is less.
Motor Cycle and Scooter: Existing candidates whose basic pay is Rs 11,530/- and above. Amount of advance: 07- months’ basic pay or Rs.60,000/- or actual cost whichever is less. Installment: Principal 80, Interest 16. Intrest 7.50% p.a.
Revised Candidates: basic pay Rs.22, 460/- above. Amount advance: 07- months’ basic pay or Rs..80,000/-. The installment will be same for both.
Festival Advance: Existing Employees drawing pay on the scale of Rs.13,660 – 38,570. Advance amount: Rs.3,000/-. Installment: 10. For Class-IV: Rs.2,000/- same ten installments.
Revised Candidates: Employees drawing pay in the scale of Rs.26,600 to 77,030. Amount advance: Rs.7,500/-. For Class-IV: Rs.5,000/- 10 installments for both.
Special Festival Advance for Purchase of Apco Cloth:
- Gazetted Officers: Rs.5,000/-
- Non-Gazetted Officers: Rs.4,000/-
- For Class-IV: Rs.3,000/- Ten Installments Same for both.
- Gazetted Officers: Rs.7,500/-
- Non-Gazetted Officers: Rs.6,000/-
- For Class-IV: Rs.4,500/-
Download Notification PRC 2015 for AP Employees Loans Festival Advance Pay: