Personal Computer Advance for all Central Government Employees – Finmin Orders

All Central Government Employees are eligible to apply for Personal Computer Advance of Rs. 50,000

“Rs.50,000 or actual price of PC, whichever is lower. The computer advance will be allowed maximum five times in the entire service.”

“Motor Car Advance and Motorcycle / Scooter Moped Advance will stand discontinued – Orders issued on 7.10.2016″

Grant of advances – Seventh Pay Commission recommendations – Amendment to Rules 21(5) of Compendium of Rules on Advances to Government Servants

No.12(1)/E.II(A)/2016
Government of India
Ministry of Finance
Department of Expenditure

New Delhi, 7th October, 2016

OFFICE MEMORANDUM

Subject: Grant of advances – Seventh Pay Commission recommendations – Amendment to Rules 21(5) of Compendium of Rules on Advances to Government Servants.

The undersigned is directed to say that in of the decision taken by the Government on the Seventh Pay Commission’s recommendations relating to advances, the existing provisions of Compendium of Rules on Advances – 21(5) relating to Personal Computer Advance are amended as per the amendments attached.

2. These orders will take effect from the date of issue of this O.M. The cases where the advances have already been sanctioned need not be reopened.

3. The other interest bearing advances relating to Motor Car Advance and Motorcycle / Scooter Moped Advance will stand discontinued.

4. In so far as persons serving in Indian Audit and Accounts Department are concerned, these orders issue in consultation with the Comptroller and Auditor General of India.

Also check: 7th Pay Commission Salary Calculator Updated Oct 2019

5. All Ministries/Departments are requested to bring the amendments to the notice of all its attached and subordinate offices for their information.

Hindi version of this O.M. is enclosed.

sd/-
(Pankaj Hazarika)
Director, E.II(A)

Also read: Interest rates for Loans and Advances by the Central Government

AMENDMENTS TO COMPENDIUM OF RULES ON ADVANCES TO GOVERNMENT SERVANTS, 2005

CONDITIONS OF GRANT OF COMPUTER ADVANCE:

Rule21(5)

• Advance : Personal Computer Advance
• Quantum : Rs.50000 or actual price of PC, whichever is lower
• Eligibility Criteria : All Central Government employees

(ii) The computer advance will be allowed maximum five times in the entire service.

Also read: Advances for Medical Treatment, TA on Tour or Transfer and LTC are retained – Finmin Orders

Interest Rate for Personal Computer Advance is 11.5% with effect from 2015-16. The maximum period for repaying the advance should be within 150 months.

Also check: 7th Pay Commission Pay Matrix Table for CG Employees

AMENDMENTS TO COMPENDIUM OF RULES ON ADVANCES TO GOVERNMENT SERVANTS, 2005

Government of India on 7th CPC Recommendations:

• Bicycle Advance – Abolised
• Warm Clothing Advance – Abolised
• Advance of Pay on Transfer – Abolised
• Festival Advance – Abolised
• Natural Calamity Advance – Abolised
• Advance of Leave Salary – Abolised
• Advance for Law Suits – Abolised

AMENDMENTS TO COMPENDIUM OF RULES ON ADVANCES TO GOVERNMENT SERVANTS, 2005

Rule 80. Amount of Advance: The amount of an advance which may be
granted under Rule 79 shall not exceed Rs,25,000 (Rupees Twenty Five
Thousand only). [Know more]