Notification of Revised Rates Advances KPK (Motorcycle, House Building, Bicycle, Motorcar)

Government of Khyber Pakhtunkhwa, Finance Department has issued No.3-E(F/L)FD/2017/VoI-VI dated 15-02-2018 in connection with Revised Rates Advances KPK (Motorcycle, House Building, Bicycle, Motorcar). Detail is as under:

In partial modification of this Department Circular issued vide No.BO(F/L)FD/3/2005/Vol-lll(A) dated 18.04.2006 Government of Khyber Pakhtunkhwa is pleased to enhance the loans & advances and extend the facility to the Provincial Government employees upto BPS-17  & above on account of Building Advance, Motor Car Advance Motorcycle Advance and Bicycle through Benevolent Fund Cell   From the financial Year 2018-19 as detail given below:-


    S.No.           Types of Advance  Existing facility to BS-1 to BS-15 Extended upto BS-17 and enhanced
       1 House Building Advance                       Rs.124,000                 Rs,250,000
       2 Motor cycle Scooter  Advance                        Rs.39,00                 Rs,80,000
        3 Bicycle                          Rs.4,000                   Rs, 8,000.


Other terms & condition any procedure will remain the same earlier issued and circulated.

It has further been decided to introduce Motor Car Advance to the officers (BS-17) and above with the following eligibility and recovery criteria:-


     S.No.   Types of Advance   Amount Recovery  Eligibility
        1 Motor Car Advance   Rs.200,000 Rs.3334/- PM in 60 equal installments without any break. In case default in repayment after 5 Years interest @ General Provident Fund will be charged. BS-17 and above. Minimum 5 Years service with age less than 55 Years.



The procedure applicable for the Motorcycle/Scooter Advance will also be adopted for the Motor Car Advance.


Revised Rates Advances KPK



Share this post

Post Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.