G.O.Ms.No. 167 LOANS AND ADVANCES

LOANS AND ADVANCES - Admissibility in Revised pay Scales, 2015 - Recommendation of Pay Revision Commission 2015 - Orders - Issued.


G.O.Ms.No. 167

Dated: 20.09.2017


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.

ORDER:


     1. 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 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:



EXISTING REVISED
Eligibility Amount of Advance No. of Installments Rate of Interest Eligibility Amount of Advance No. of Installments Rate of Interest
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.

MOTER CYCLE / SCOOTER:



EXISTING REVISED
Eligibility Amount of Advance No. of Installments Rate of Interest Eligibility Amount of Advance No. of Installments Rate of Interest
Officers whose basic pay is Rs.11,530/- and above 7 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 7 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% p.a.

MOPED ADVANCE:

EXISTING REVISED
Eligibility Amount of Advance No. of Installments Rate of Interest Eligibility Amount of Advance No. of Installments Rate of Interest
Officers whose basic pay is Rs.11,530/- and above 7 months basic pay or Rs.25,000/- or actual cost whichever 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. 7 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:

EXISTING REVISED
Eligibility Amount of Advance No. of Installments Rate of Interest Eligibility Amount of Advance No. of Installments Rate of Interest
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 - 4
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 - 4
a. For Class - IV - 5.00% p.a
b. For Others - 5.50% p.a.

MARRIAGE ADVANCE:

EXISTING REVISED
Eligibility Amount of Advance No. of Installments Rate of Interest Eligibility Amount of Advance No. of Installments Rate of Interest
for the marriage of male employees themselves or for the marriage of sons of the male / female employees. a. For Class-IV: Either 15 months pay or Rs. 30,000/- whichever is less.

b. For Others: Either 15 months pay or Rs. 50,000/- whichever is less.
Principal - 70
Interest - 10
1. Gazetted Officers - 8.5% p.a

2. Non-Gazetted Officers - 7.5% p.a

3. Class-IV employees-6.5% p.a
For the marriage of male employees themselves or for the marriage of sons of the male / female employees. a. For Class-IV: Either 15 months pay or Rs. 75,000/- whichever is less.

b. For Others: Either 15 months pay or Rs. 1,25,000/- whichever is less.
Principal - 70
Interest - 10
a. For Class - IV - 5.00% p.a
b. For Others - 5.50% p.a.
for the marriage of male employees themselves or for the marriage of sons of the male / female employees. a. For Class-IV: Either 15 months pay or Rs. 50,000/- whichever is less.

b. For Others: Either 15 months pay or Rs. 75,000/- whichever is less.
Principal - 70
Interest - 10
1. Gazetted Officers - 8.5% p.a

2. Non-Gazetted Officers - 7.5% p.a

3. Class-IV employees-6.5% p.a
For the marriage of male employees themselves or for the marriage of sons of the male / female employees. 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.
Principal - 70
Interest - 10
a. For Class - IV - 5.00% p.a
b. For Others - 5.50% p.a.

PERSONAL COMPUTER ADVANCE:

EXISTING REVISED
Eligibility Amount of Advance No. of Installments Rate of Interest Eligibility Amount of Advance No. of Installments Rate of Interest
Employees whose basic pay is Rs.22,430/- p.m., or more Rs. 50,000/- Principal - 135 Interest - 65 8.50% p.a Employees whose basic pay is Rs.16,400/- p.m., or more Rs. 50,000/- Principal - 135 Interest - 65 a. For Class - IV - 5.00% p.a b. For Others - 5.50% p.a.

FESTIVAL ADVANCE:

EXISTING REVISED
Eligibility Amount of Advance No. of Installments Eligibility Amount of Advance No. of Installments
a) Employees drawing pay in the scale of Rs.13,660/- - 38,570 or below.

b) For Class-IV
Rs. 3,000/-



Rs. 2,000/-
10




10
a) Employees drawing pay in the scale of Rs. 26,600 - 77,030 or below

b) For Class-IV
Rs. 7,500/-



Rs. 5,000/-
10




10

SPECIAL FESTIVAL ADVANCE FOR PURCHASE OF APCO CLOTH:


EXISTING REVISED
Eligibility Amount of Advance No. of Installments Eligibility Amount of Advance No. of Installments
a) Gazetted Officers

b) Non-Gazetted Officers

c) For Class-IV
Rs. 5,000/-

 
Rs. 4,000/-


Rs. 3,000/-
10


10


10

a) Gazetted Officers

b) Non-Gazetted Officers

c) For Class-IV
Rs. 7,500/-


Rs. 6,000/-


Rs. 4,500/-
10


10


10

EDUCATIONAL ADVANCE:

EXISTING REVISED
Eligibility Amount of Advance No. of Installments Eligibility Amount of Advance No. of Installments
Non-Gazetted Officer and Class-IV Rs. 5,000/- 10 Non-Gazetted Officer and Class-IV Rs. 7,500/- 10

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 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.

HEMA MUNIVENKATAPPA

SPECIAL SECRETARY TO GOVERNMENT

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