This advance given by the Ministry of Finance is pre loaded. The special thing is that this money will already be registered in the account of Central Government employees, they will only have to spend and the employees will not have to pay any interest for this advance.
7th Pay Commission: There is good news for government employees. According to media reports, the Modi government at the Center has announced a special festival advance scheme for employees, under which employees can take Rs 10,000 in the name of special festival advance scheme and no interest will have to be paid on it. It can be spent anytime till March 31.
Know what is Special Festival Advance
According to media reports, like last year, this year also the Modi government has announced to give festival advance to central employees. This advance given by the Ministry of Finance is pre loaded. The special thing is that this money will already be registered in the account of Central Government employees, they will only have to spend and the employees will not have to pay any interest for this advance. After this, that money is repaid in the form of installments every month. After taking this amount, the terms of repaying it are also very easy.
In this way you will get profit of 10000
If media reports are to be believed, then the employees can spend this advance digitally only, under which they get an installment of Rs. An allocation of about Rs 4000-5000 crore is made under the Festival Advance Scheme. According to sources, the bank charge of the advance scheme is also borne by the central government. However, this is not the first time that the government has given relief to the employees.
Explain that the purpose of the government is to give 1000 rupees to the employees in the name of festival advance, so that all the families can celebrate the festival happily, because many times the money of the employed person runs out during the festival. If sources are to be believed, department-wise applications are invited for this. Earlier, the government had announced the Cash Voucher Scheme (LTC Cash Voucher Scheme) in the Travel Allowance Holiday Scheme for government employees. Under this scheme, the cash amount received by the employees in lieu of travel allowance will be circulated in the market.