Advance for Children of Govt. employees pursuing Professional Courses

Himachal Pradesh State Government announced an innovative Loan Scheme for its empoloyees who have admitted their children in Professional Courses.

As per this Scheme state government employees of Himachal Pradesh will be eligible to obtain advance for professional course in polytechnic, engineering, nursing, pharmacy, medical @ Rs. 75,000 per child.

Further it was decided in the original order that the advance granted would be revovered in 40 installments.

Click here for the Original Office Memorandum File No: Fin(C)C(11)1/2012 dated 28.08.2012, for grant of advance for professional courses pursued by children of employees.

Now, Himachal Pradesh has relaxed the condition of recovery of principal amount which was originally 40 monthly installments, to 60 monthly installments.

This is the full text of order dated 28.08.2012

File No. Fin(C)C(11)1/2012 

Government of Himachal Pradesh 

Finance(Regulations) Department

Dated Shimla-171002,

the 28th August,2012.

OFFICE MEMORANDUM

Subject:- Grant of advance for professional courses of children of Govt. employees.

   In continuation of this department O.M. of even number dated l8th April,2012 on the subject cited above, the Undersigned is directed to say that Para 5 of the above referred O.M shall be substituted as under:-

“5. The Principal amount of advance shall be recoverable in 60 monthly installments in place of 40 monthly installments”.

Besides, in the eventuality of death of loanee govt. servant, the DDO concerned will deduct the balance amount of unrecovered amount of principal alongwith interest thereon from the retiral benefits of the deceased govt. servant.

   All concerned shall issue revised sanction order accordingly in respect of those cases which stand sanctioned prior to issue of this Office Memorandum.

sd/- 

Joint Secretary (Finance) to the 

Government of Himachal Pradesh