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GOVERNMENT OF ANDHRA PRADESH
ABSTRACT
Establishment – General Administration Department – Loans and Advances – House Building
Advance of Rs. 2,00,000/-- to Sri Y.Venkat Reddy, Assistant Section Officer, G.A.D. for
extensions and carrying out repairs to his house – Sanctioned.
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GENERAL ADMINISTRATION (OP.I) DEPARTMENT
G.O.Ms.No. 178 Dated:31-03-2012.
Read the following:-
1 G.O.Ms.No.174, Fin.(A&L) Dept., dt: 15.05.2010
2 G.O.Rt.No.1257, Fin.(A&L) Dept., dt: 29.03.2012.
3 U.O.Note No.10356/OP.I/2012-1, G.A. (OP.I) Deptt., dated
30.03.2012.
4 From Sri Y.Venkat Reddy, Assistant Section Officer, G.A.D.
application dated 30.03.2012.
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O R D E R:-
Under Article 230 and 23-A of the Andhra Pradesh Financial Code, Vol.I and in terms of
the orders issued in the reference 1st, 2nd and 3rd read above sanction is hereby accorded for
the grant of a loan of Rs.2,00,000/- of (Rupees two lakhs only) to Sri Y.Venkat Reddy, Assistant
Secdtion Officer, General Administration Department for effecting extensions and repairs to his
house bearing Plot No.20, Survey No. 1558, Arjalabai (Village), Nalgonda (District&Mandal)
owned by his spouse name Smt M. Vijayalakshmi. The advance shall be disbursed to him in a
lump sum and it shall be drawn immediately.
2. The advance sanctioned in para 1 above is subject to the following conditions:-
(i) That the alterations and additions should be
completed within six months from the date of
drawl of advance and the fact intimated to the
Government alongwith the certificate from an
officer of the P.W.D. not below the rank of
Deputy Executive Engineer.
(ii)
That the house should be mortgaged in favour of Government
within six months.
(iii)
That the advance sanctioned shall be utilized for effecting
repairs to her house within the stipulated period, failing which
penal interest at prescribed rates shall be levied for the period
not covered by Government Sanction
3. The advance will be recovered in (74) monthly instalments i.e. @ Rs.3,900/- (Rupees
three thousand nine hundred only) as 1st instalment and remaining (73) instalments @ ` 2,650/- per
month from the 6th month in which the advance drawn and interest at the rate of 5 ½% per annum
shall be recovered from the salary of the individual in (10) monthly instalments from the month
following the month in which the principal is completed.
4. The recovery of the advance shall be effected through monthly pay/leave
salary of the grantee. If the grantee ceases to be in service for any reason other
than the normal retirement/superannuation or if he dies before the repayment of the
advance in full, the entire advance shall be becomes payable to the Government
forthwith. Failure on the part of the grantee or his successors in interest to repay
the advance for any reason will entitle the Government to take action as may be
permissible under Law.
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5. The expenditure shall be debited to Head of Account “7610 – Loans to
Government Servants – 201 – House Building Advances – SH(05) Other Officers”.
6. The Pay and Accounts Officer, Hyderabad is informed that the advance
sanctioned above is for the first time for this purpose and the above has been
sanctioned from the funds allotted in the reference 4th read above.
7. The employee referred to in para 1 above has submitted the surety and
agreement bonds as required under rules.
8. The General Administration (Claims.A) Department are requested to draw
and disburse the amount sanctioned in para-1 above to the individual.
(BY ORDER AND IN THE NAME OF THE GOVERNOR OF ANDHRA
PRADESH)
R.SESHARAM SINGH
JT.SECRETARY TO GOVERNMENT (GENL.)
To
Sri Y.Venkat Reddy, Assistant Secdtion Officer, G.A.D. G.A.D.
The General Administration (Claims A) Department.
The Dy.Pay and Accounts Officer, Sectt.Branch,
Hyderabad.
The Accountant General, A.P., Hyderbad.
Copy to:-
The Fin. & Plg. (A&L) Deptt.
SF/SC.
//FORWARDED::BY ORDER//
SECTION OFFICER