Loans and Advances to Telangana Employees (Marriage, Festival)

Loans and Advances to Telangana Employees: Telangana PRC 2015 Marriage Loan to Telangana Employees, Personal Computer Loan to State Govt Employees, Festival Advance, Special  Festival Advance, Education Loan, Loans and Advances to Employees, Nature of Loan,Pay Ranges in Revised Pay Scales 2015, Enhanced Ceiling Amount in Rupees, Eligibility, Maximum monthly instalments for recovery, Rate of interest.

I. Marriage Advance

A. Nature of Loan:Marriage Advance to Male Employees

  1. Pay Ranges in Revised Pay Scales, 2015:–
  2. Enhanced Ceiling Amount in Rupees:
    For Class.IV employees: Either 15 months pay or Rs.75,000/- whichever is less.
    For others: 1,25,000/- or Either 15 months pay or Rs.1,25,000/- whichever is less.
  3. Eligibility:
    For the Marriage of Male employees themselves or for the marriage of sons of the male/female employees.
  4. Maximum monthly instalments for recovery Prl.  Int.:70 10
  5. Rate of interest:
    For Class.IV employees @ 5.00% p.a.
    For others @ 5.50% p.a.

B. Nature of Loan:Marriage Advance to Female Employees

  1. Pay Ranges in Revised Pay Scales, 2015:–
  2. Enhanced Ceiling Amount in Rupees:
    For Class.IV employees: Either 15 months pay or Rs.1,00,000/-whichever is less.
    For others: Either 15 months pay or Rs.2,00,000/- whichever is less for others.
  3. Eligibility:
    For the marriage of  Female employees themselves or for the marriage of daughters of the male/female employees.
  4. Maximum monthly instalments for recovery Prl.  Int.:70 10
  5. Rate of interest:
    For Class.IV employees @ 5.00% p.a.
    For others @ 5.50% p.a.

II. Personal Computer Advance
Nature of Loan:Personal Computer Advance

  1. Pay Ranges in Revised Pay Scales, 2015:
    Employees drawing basic pay of Rs.16,400/-and above. (Judicial Officers are not eligible).
  2. Enhanced Ceiling Amount in Rupees:50,000/-
  3. Eligibility:
    Actual cost of the Personal Computer or   Rs.50,000/-, whichever is less.
  4. Maximum monthly instalments for recovery Prl.  Int.:135 65
  5. Rate of interest:
    For Class.IV employees @ 5.00% p.a.
    For others @ 5.50% p.a.

III. Festival Advance

A. Nature of Loan:Festival Advance for Class-IV employees

  1. Pay Ranges in Revised Pay Scales, 2015:Class.IV Employees
  2. Enhanced Ceiling Amount in Rupees:5,000/-
  3. Eligibility: Once in a financial year
  4. Maximum monthly instalments for recovery Prl.  Int.:10 equal instalments
  5. Rate of interest: Interest free

B. Nature of Loan:Festival Advance for For other than Class.IV Employees

  1. Pay Ranges in Revised Pay Scales, 2015: For other than Class.IV Employees
  2. Enhanced Ceiling Amount in Rupees:7500/-
  3. Eligibility: Once in a financial year
  4. Maximum monthly instalments for recovery Prl.  Int.:10 equal instalments
  5. Rate of interest: Interest free

IV. Special  Festival Advance

A. Nature of Loan:Special  Festival Advance for Gazetted Officer

  1. Pay Ranges in Revised Pay Scales, 2015:  Gazetted Officer
  2. Enhanced Ceiling Amount in Rupees:7500/-
  3. Eligibility: Once in a financial year
  4. Maximum monthly instalments for recovery Prl.  Int.:10 equal instalments
  5. Rate of interest: Interest free

B. Nature of Loan:Special  Festival Advance for Non-Gazetted Officer

  1. Pay Ranges in Revised Pay Scales, 2015:Non-Gazetted Officer
  2. Enhanced Ceiling Amount in Rupees:6000/-
  3. Eligibility: Once in a financial year
  4. Maximum monthly instalments for recovery Prl.  Int.:10 equal instalments
  5. Rate of interest: Interest free

C. Nature of Loan:Special  Festival Advance for Class.IV employees

  1. Pay Ranges in Revised Pay Scales, 2015:Class.IV employees
  2. Enhanced Ceiling Amount in Rupees:4500/-
  3. Eligibility: Once in a financial year
  4. Maximum monthly instalments for recovery Prl.  Int.:10 equal instalments
  5. Rate of interest: Interest free

V. Education Advance
Nature of Loan:Education Advance

  1. Pay Ranges in Revised Pay Scales, 2015: Non-Gazetted employees including Class IV employees.
  2. Enhanced Ceiling Amount in Rupees:7500/-
  3. Eligibility: Once in a financial year
  4. Maximum monthly instalments for recovery Prl.  Int.:10 equal instalments
  5. Rate of interest: Interest free

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