The Holi of Central Government employees has become more colorful and happy this time. The Modi government has introduced a special festival advance scheme for its employees
- Modi government's big plan
- Big announcement for central employees
- Spqecial plan launched before the festival
This decision is even more special because the festival's advance plan was not included in the 7th pay commission, while the sixth pay commission was given Rs 4,500 under the advance plan. But now central government employees can take an advance of up to Rs 10,000, the special thing here is that they do not have to pay any interest on it. The Special Festival Advance Scheme is open to employees until March 31, 2021.
You can refund the amount in 10 installments
Earlier, Finance Minister Nirmala Sitharaman had said that the advance given for the festivals would be pre-loaded. The money will already be available at central employees' ATMs. Only they have to spend. The employee can repay this amount of Rs. 10,000 in 10 installments.
Employees will get Rs 10,000 in the card as prepaid
This advance amount will be given to all central employees by prepaid card. Moreover, state governments, like the central government, will have the option of giving festival advance to their employees. The Sixth Pay Commission had a provision to give employees a festival advance of Rs 4,500. Non-gazetted officers and employees will be able to avail the benefits of this advance scheme.
Will have to spend by March 31st
Now the government has increased the amount of advance to Rs 10,000. Which has been included in the Seventh Pay Commission. It is to be noted that this amount is to be spent only for this financial year and till March 31, 2021, whatever money is there. Earlier, the central government had decided to provide three outstanding allowances and inflation relief to central employees and pensioners from July.
From July D.A. Will also
The central government had frozen three installments of inflation allowance and inflation relief for employees and pensioners on January 1, 2020, July 1, 2020 and January 1, 2021 due to the Koro epidemic. Now this installment will start coming from July which will give a big relief. On the other hand, the new pay code can be implemented from April 1, after which the salaries of the employees will be increased.
