Motor Car Advance (MCA) for Government Employees (Federal, Punjab, KPK)
I am sharing here the details of Motor Car Advance (MCA) for Government Employees. Many employees don’t know the procedure to employee, the amount of the advance, the interest amount on MCA, the number of installments to refund the amount along with interest, etc. You will read in this article the details of the following:
Interest Free HBA, MCA, Motorcycle Advance and Cycle Advance 2023-24 KP
Applications have been invited for Interest Free Loans for Government Employees 2023-24 KPK. The government of Khyber Pakhtunkhwa is accepting applications for the new loan scheme. The screen through the scheme the provincial government of KPK is providing the best opportunity for the workers working in public departments. These all employees can avail this opportunity to buy a new motor car house building motorcycle or cycle. There are a maximum of 40 to 120 monthly installments for different items. It is not mandatory for any applicant to pay a lump sum amount or cash at the time of buying an item. This scheme introduces 40 to 120 monthly installments for any item mentioned in the table. There will be a lucky draw for the final selection of applicants.
Clarification Regarding Admissibility Motor Car Advance
Pakistan Water and Power Development Authority issued a Notification on 03-03-2023 in connection with Clarification Admissibility Motor Car Advance. Many employees were asking whether the employees of BPS-15 and below can get the motorcar advance or not if they have a basic pay of Rs. 35,000/- per month. The clarification is as under: