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Loans and Advances - Recovery postponed 04-2014

               Government are pleased to order that recovery on account of the repayment of principal and interest of all loans and advances taken from Government by the State Government Employees, drawing basic pay uptoRs. 22,360/- (Pre-revised pay Rs.12,930/- ) per month, from the salary for the month of April, 2014 will be postponed on the specific request of the employees. The recovery of instalments thus postponed will be effected in five equal monthly instalments from their salaries for the month of July 2014 to November 2014.
               The recovery of the postponed instalment should be effected strictly according to the above schedule/instalments. Failure to repay even a single instalment as stipulated in para 1 will invite penal interest for the whole HBA amount deeming them as defaulters as laid down under Art.244 D of KFC. The treasury officers should not honour bills which are presented without the schedule of recovery by DDOs in such cases.
               These orders will be applicable to all State Government Employees including those borne on contingent and work establishment and to the teaching and non-teaching staff of Aided Schools and Private Colleges who are paid from the Consolidated Fund of the State besides staff of local bodies having identical
background and scale of pay.

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