1. 2.4.81

2. NON-INT BEARING ADVANCES 1.Festival Advance 2.Flood/Drought Advance 3.Cycle Advance 4.Warmcloth Advance 2.4.82

3. Festival advance 1.Maximum amt Rs.3000/-(to be increased by 25% when the DA increases by 50%) 2.For festivals to be selected by the HOD 3.All non.Gaz employees with GP Rs.4800/- or less are eligible 4.Only once in a financial year 5.To be recovered in not more than 10 instalments 2.4.83

4. Flood/Drought Advance 1.Maximum Admissible Rs.5000/-(to be increased by 25% when the DA increases by 50%) 2.Non.Gaz employee whose movable / immovable property affected are eligible 3.The concerned State Government should have declared the area as affected 4. To be recovered in not more than 25 instalments 2.4.84

5. Cycle advance 1.Maximum Admissible Rs.3000/-(to be increased by 25% when the DA increases by 50%) subject to actual cost of cycle 2. All non.Gaz employees with GP Rs.2800/- or less are eligible 3.Production of cash receipt is compulsory 4. To be recovered in not more than 30 instalments 5.Normally second adv will not be granted within three years from sanction of Ist advance. 2.4.85

6. Warm cloth Advance 1. Maximum amt Rs.3000/-(to be increased by 25% when the DA increases by 50%) 2.All group C and D employees posted in hill stations, located at 1000 meters or more above sea level, likely to work there for a period of not less than one year, are eligible 3. To be recovered in not more than 10 instalments. 2.4.86

7. INT BEARING ADVANCES 1.Advance for purchase of motorcycle moped/scooter 2.Advance for purchase of Personal computer 3.Advance for construction/purchase of house 2.4.87

8. Advance for motorcycle moped/scooter 1.The sanctioning authority should be satisfied about the repaying capacity of the official. 2. All employees with pay in pay band of Rs.8560/- or more are eligible. 3. All employees with pay in pay band less than Rs.8560/- are eligible for Rs.20,000/- or the cost of moped whichever is less. 4.Maximum amt admissible Rs.30000/- subject to the cost of motorcycle whichever is less. 2.4.88

9. Advance for motorcycle moped/scooter(contd) 5.To be recovered in not more than 70 equal instalments. 6.On second occasion the amount is restricted to Rs.24000/- or the cost of motorcycle whichever is less. 7.Interest to be recovered at following rates. – 2001-02 -----9.5%:2002-03 --------- 9.0% – 2003-04 to 2009-10----- 8.0% 2.4.89

10. Advance for Personal computer 1.The sanctioning authority should be satisfied about the repaying capacity of the official 2.Officers with pay in pay band Rs.19,530/- are eligible for adv up toRs.80,000/- 3.Officials with pay in pay band Rs.8560/- are also eligible but the adv amt will be restricted up to Rs.30,000/- 4.To be recovered in not more than 150 equal instalments 2.4.810

11. Advance for purchase of Personal computer(contd) 5.On second occasion the advance will be granted only after expiry of three years from the first advance. 6. Interest to be recovered at following rates. – 2001-02 -----13.0%: – 2002-03 --------- 12.5% – 2003-04 to 2009-10----- 11.5% 2.4.811

12. House building advance All permanent officials are eligible. For construction or purchase of ready built house- – Maximum advance admissible is 34 times of pay in pay band or Rs.7.5 lakhs or the cost of repaying capacity whichever is less. For enlargement of house- – Maximum advance admissible is 34 times of pay in pay band or Rs.1.8 lakhs or the cost of repaying capacity whichever is less. The advance is further limited to the estimated cost of construction. 2.4.812

13. House building advance (contd) Only one advance is admissible during entire service. Repaying capacity: Length of remaining service Repaying capacity Officials retiring after 20 years Officials retiring after 10 years but not later than 20 years Officials retiring within 10 years 40% of Basic pay +NPA 40% of Basic pay +NPA : 65% of retirement gratuity may be adjusted 40% of Basic pay +NPA : 75% of retirement gratuity may be adjusted 2.4.813

14. House building advance (contd) Disbursement schedule For enlargement /construction50% on execution of mortgage 50% on construction reaches plinth level For purchase of land and construction40% or actual cost of land on execution of agreement. 50% balance - execution of Form 3 Balance on completion up to plinth level For purchase/construction of flat or purchase of a house In one lump For purchase of house/flat from co.op society 30% on execution of form 3 and remaining in suitable instalment 2.4.814

15. House building advance(contd The entire amount of advance with interest to be recovered in 240 instalments, maximum. Recovery to be commenced from the 18 th month’s pay from the month in which first instalment is paid Interest to be charged is as follows – From 01.04.2003 onwards: Up to 50,000/-------------5.0% 50,001to 1,50,000-------6.5% 1,50,001 to 5,00,000 ----8.5% 5,00,001 to 7,50,000---- 9.5% 2.4.815

16. EXERCISE 1 2.4.816