G.O.Ms.No.167 Dated: 20-09-2017 - Loans and Advances - Admissibility in Revised pay Scales, 2015

                                           FINANCE (HR.VI-A&L-TA) DEPARTMENT
G.O.Ms.No.167                                                                               Dated: 20-09-2017
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.

                                           ****
ORDER
In the Government Order 2^nd 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.

1. 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.
2. Government, after careful consideration of the Tenth Pay Revision Commission recommendations, and in modification of the existing orders in Government orders in the reference 1^st 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	No. of	Rate of	Eligibility	Amount of	No.of	Rate of
	Advance	Instalments	Interest		Advance	Instalments	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.

b. Motor Cycle / Scooter:

	Existing			Revised
Eligibility	Amount of Advance	No.of Instalments	Rate of Interest	Eligibility	Amount of Advance	No.of Instalments	Rate of Interest
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% p.a.

c. Moped Advance:

	Existing				Revised
Eligibility	Amount of	No.of	Rate of	Eligibility	Amount of	No.of	Rate of
	Advance	Instalments	Interest		Advance	Instalments	Interest
Officers whose basic	07- months’	Principal –	7.50%	Officers	07- months’	Principal –	a. For
pay is Rs.11530/- and	basic pay	60	p.a.	whose basic	basic pay	60	Class-IV
above.	or	Interest –16		pay is	or	Interest –16	5.00%
	Rs.25,000/-			Rs.16,400/-	Rs.35,000/-		p.a.
	or			and above.	or
All Drivers who have completed two years of service irrespective of their basic pay.	actual cost which-ever is less			All Drivers who have	actual cost whichever is less		b. For Others -5.50% p.a.
				completed
				two years of
				service
				irrespective
				of their basic
				pay.

d. Bicycle Advance:

	Existing				Revised
Eligibility	Amount of	No.of	Rate of	Eligibility	Amount of	No.of	Rate of
	Advance	Instalments	Interest		Advance	Instalments	Interest
All employees	Rs.5,000/	Principal –	6.50%	All	Rs.10,000/	Principal –	a. For
including Class-IV	or	26	p.a.	employees	or	26	Class-IV
(except to those for	Actual	Interest –04		including	Actual Cost	Interest –04	-5.00%
whom advance for the	Cost			Class-IV	whichever is		p.a.
purchase of Motor Car	whichever			(except to	less.
/Motor Cycle	is less.			those for			b. For
sanctioned earlier)				whom advance for			Others -5.50%
				the purchase			p.a.
				of Motor Car
				/ Motor Cycle
				sanctioned
				earlier)

2). MARRIAGE ADVANCE:

Existing				Revised
Eligibility	Amount of Advance	No.of Instalments	Rate of Interest	Eligibility	Amount of Advance	No.of Instalments	Rate of Interest
For the	a. For Class-	Principal –	1. Gazetted	For the	a. For Class-	Principal –	a. For Class-IV
marriage of	IV :	70	Officers – 8.5%	marriage of	IV	70	-5.00% p.a.
male	Either 15	Interest –	p.a.	male	Either 15	Interest –
employees	months’ pay	10		employees	months pay	10
themselves or	or Rs.30,000/-		2. Non	them-selves	or		b. For Others
for the	whichever is		Gazetted	or for the	Rs.75,000/-		5.50% p.a.
marriage of	less.		Officers – 7.5%	marriage of	whichever is
sons of the			p.a.	sons of the	less.
male /	b.For			male /
female employees.	Others: Either 15 months pay		3. Class-IV employees – 6.5% p.a.	female employees.	b. For Others: Either 15
or Rs.50,000/- whichever is less.   months pay or Rs. 1,25,000/- whichever is less.
For the	a. For Class-	Principal –	1. Gazetted	For the	a. For Class-	Principal –	a. For Class-IV
marriage of	IV :	70	Officers – 8.5%	marriage of	IV	70	-5.00% p.a.
female	Either 15	Interest –	p.a.	female	Either 15	Interest –
employees	months pay	10		employees	months pay	10	b. For Others
them-selves	or		2. Non	them-selves	or		5.50% p.a.
or	Rs.50,000/-		Gazetted	or for the	Rs.
for the	whichever is		Officers – 7.5%	marriage of	1,00,000/-
marriage of	less.		p.a.	sons of the	whichever is
daughter of				male /	less.
the male /	b. For		3. Class-IV	female
female employees	Others: Either 15		employees – 6.5% p.a.	employees	b.For Others:
months pay or Rs.75,000/- whichever is less.   Either 15 months pay or Rs. 2,00,000/whichever is less.

3). PERSONAL COMPUTER ADVANCE:

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

4). FESTIVAL ADVANCE:

Existing			Revised
Eligibility	Amount of Advance	No.of Instalments	Eligibility	Amount of Advance	No.of Instalments
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

5). SPECIAL FESTIVAL ADVANCE FOR PURCHASE OF APCO CLOTH:

Existing			Revised
Eligibility	Amount of Advance	No.of Instalments	Eligibility	Amount of Advance	No.of Instalments
a) Gazetted Officers b) Non-Gazetted Officers b.) For Class-IV:	Rs.5,000/- Rs.4,000/- Rs.3,000/-	10 10 10	a) Gazetted Officers b) Non-Gazetted Officers b.) For Class-IV:	Rs.7,500/Rs.6,000/Rs.4,500/-	10 10 10

6). EDUCATIONAL ADVANCE:

	Existing				Revised
Eligibility		Amount of Advance	No.of Instalments	Eligibility		Amount of Advance	No.of Instalments
Non-Gazetted Officers and Class-IV:		Rs.5,000/	10	Non-Gazetted Officers and Class-IV:		Rs.7,500/	10

1. 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.
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..

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