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|
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.