Grant of Advance for Professional Courses of Children of Govt. Employees.

File No. Fin(C)C(11)1/2012
Government of Himachal Pradesh
Finance(Regulations) Department

Dated Shimla-171002, the 28th August,2012.

OFFICE MEMORANDUM

Subject:- Grant of advance for professional courses of children of Govt. employees.

   In continuation of this department O.M. of even number dated l8th April,2012 on the subject cited above, the Undersigned is directed to say that Para 5 of the above referred O.M shall be substituted as under:-

"5. The Principal amount of advance shall be recoverable in 60 monthly installments in place of 40 monthly installments”.

   Besides, in the eventuality of death of loanee govt. servant, the DDO concerned will deduct the balance amount of unrecovered amount of principal alongwith interest thereon from the retiral benefits of the deceased govt. servant.

   All concerned shall issue revised sanction order accordingly in respect of those cases which stand sanctioned prior to issue of this Office Memorandum.

sd/-
Joint Secretary (Finance) to the
Government of Himachal Pradesh.

Source;http://www.himachal.nic.in/finance/Regulations/GrantOfAdvance28Aug2012_A1b.pdf