Go 523 Loans to Government Servants – Sanction of Advances to NGOS’s

LOANS AND ADVANCES – Loans to Government Servants – Sanction of Advances to NGOS’s for Education of their Children and other Misc. purposes– Allotment of Budget for the period from January,2015 to March, 2015 during the financial year 2014-15 – Orders – Issued.

Read the following:

1. G.O.Ms.No.49, Finance (BG-I) Department, Dated 20.02.2014.
2. Andhra Pradesh Reorganisation Act 2014.
3. U.O. Note No.551-A/171/A1/BG-I/2014, Finance (BG-I) Dept, dated:12.03.2014.
4. Circular Memo No.737-A/180/A1/BG.I/2014-1, Finance (BG-I) Dept, dt:21.03.2014.
5. G.O.Ms.No.74, Fin (BG.I) Dept, dt.01-04-2014.
6. G.O.Ms.No.118, Fin (BG.I) Dept, dt.21-05-2014.
7. G.O.Rt.No.291, Finance (HRM.IV)Dept., dt:06-08-2014.
8.G.O.Ms.No.44, Finance (BG) Dept., dt:10-12-2014.
9. G.O.Rt.No.1345, Finance (HRM.IV)Dept., 23.12.2014.
10. G.O.Ms.No.6, Finance (BG) Dept., dt:20-01-2015.

Order:

1.As per the orders issued in the references 1st to 9th read above and in relaxation of orders issued in the reference 10th read above, for the period from January, 2015 to March, 2015 during the financial year 2014-15, an amount of Rs.20,00,000/- (Rupees Twenty Lakhs only) is hereby allotted to the Departments, for sanction of Advances to the NGO Employees for education for their children and other Misc. purposes, as shown in the Annexure to these orders. 

2. The Departments while sanctioning the Loans towards Educational Advance are requested to keep the following principles in view: -

i) The Departments of Secretariat and Heads of Departments should not utilize the amounts allotted to the employees of Regional and District Officers for sanctioning of Loans for the Educational purposes to the employees working at Secretariat and Heads of Department. 

ii) The other terms and conditions stipulated in the rules shall continue except that the advance shall be recovered in 8 monthly installments which has been modified to 10 monthly installments, commencing from the month in which the advance is drawn. 

3. The Secretariat Departments are requested to issue suitable instructions to the loan sanctioning authorities to arrange for prompt recovery of the loan sanctioned to the employees, as per the rules on the subject. 

4. The Expenditure on account of the advance for Educational purposes shall be debited to “7610 – Loans to government Servants – M.H.800 – Other Advances –S.H. (10) Advancesto Non-Gazetted Officers for Education of their children and other Misc.purposes- 001 Advance for N.G.O.s for Education of their children and other miscellaneous purposes”. 

5. The Departments of Secretariat are also requested to take immediate action to re-allocate the funds among the Departments under their control for sanction of loans to the employees so that the subordinate Officers can sanction loans immediately to employees, if they are eligible as per rules.