Festival Advance Scheme: The government has announced to give Special Festival Advance Scheme to the employees. Under this scheme, every central employee will get Rs 10,000 from the government.
7th Pay Commission Latest News: This time even though dearness allowance (DA) was not announced by the government for central employees. But on the occasion of Holi, the Modi government has given a big gift to all the central employees. The government has announced to give Special Festival Advance Scheme to the employees. Under this scheme, every central employee will get Rs 10,000 from the government. That is, an advance of Rs 10,000 can be taken on behalf of the government employees on the occasion of the festival.
Lakhs of employees get this gift,
not only this, no interest will have to be paid on this money received from the government. Time till March 31 has been given to spend this money. Every year lakhs of employees are given this gift by the Ministry of Finance. This money being given to the employees is advance pre loaded. This money will already be registered in the salary account of Central Government employees, they only have to spend it.
The terms of re-payment of money are very easy and
the happiest thing is that government employees will not have to pay any kind of interest for this money received in advance. The terms of repayment of this money are also very easy. You can return 10000 thousand rupees in easy installments of 1000 rupees, that too without interest. Every year money is given to the employees by the government under the Festival Advance Scheme.
Allocation of five thousand crores done
Under this scheme of the central government, allocation of four to five thousand crores is done. Sources say that the bank charges of the advance scheme are also borne by the government. Employees can digitally spend this money received in advance. Earlier, central employees were getting facilities like LTC Cash Voucher Scheme. Under this scheme, the cash amount received by the employees in lieu of travel allowance will be circulated in the market.
