MS-76: ADVANCES - Advance for celebration of Marriage of Daughter of Sri Syed Ali, Driver, Industries and Commerce Department - Advance of Rs. 75,000/- - Sanctioned - Orders - Issued.

GOVERNMENT OF ANDHRA PRADESH ABSTRACT ADVANCES - Advance for celebration of Marriage of Daughter of Sri Syed Ali, Driver, Industries and Commerce Department - Advance of Rs. 75,000/- - Sanctioned - Orders - Issued. =========================================================================== INDUSTRIES AND COMMERCE (OP.I) DEPARTMENT G.O.Ms.No. 76 Dated:31.03.2012. Read the following:- 1. G.O.Rt.No.1260 Fin (A&L) Dept. dated 29/03/2012 2. From Sri. Syed Ali, Driver, Ind & Com Dept., application Dt. 26/12/2011. *** ORDER: Sanction is accorded for an advance of Rs. 75,000/- (Rupees Seventy five thousand only) to Sri. Syed Ali, Driver, Industries and Commerce Department towards Marriage Advance to celebrate the marriage of his daughter. 2. The amount sanctioned in para - 1 above shall be drawn and disbursed in one lumpsum from the provision allotted by the Finance and Planning (FW.A&L) Department in the reference 1st read above. 3. The amount sanctioned in para -1 above is subject to the following conditions:- (a) The advance shall be drawn and disbursed not earlier than two months of the anticipated date of celebration of the marriage for which it is sanctioned. (b) The advance shall be disbursed by the disbursing officer after obtaining a personal security bond in Form - III appended to G.O.Ms.No.90, Finance and Planning (PPR&L) Department, Dated: 26-3-1970 duly executed by the borrower and another permanent Government servant as surety drawing a pay not less than that of the borrower and not retiring before completing repayment of the advance which interest guaranteeing the repayment of the advance. (c) The advance shall bear simple interest as indicated in the annexure to this order, which is provisionally fixed and subject to revision from time to time. (d) The principal of the loan shall be recoverable in the number of installments and at the rate as indicated in the annexure to this order and commence from the pay bill of the calendar month subsequent to the month in which the marriage has been celebrated or from the pay of the third calendar month subsequent to the drawal of the advance whichever is earlier. The amount to be recovered monthly being fixed in the whole rupee except in the case of first installment the remaining balance including the fraction of a rupee will be recovered. (e) The recovery of interest @ 5.50% shall commence immediately on completion of the recovery of principal. The amount of interest shall be recovered in ten monthly installments. (f) If the loanee fail to utilise the amount for this purpose for which it is sanctioned within three months from the date of drawal it shall be refunded to Government in lumpsum together with penal interest at 1 1/2%, time to time. (g) In case where the loanee dies before the repayment is completed, the outstanding balance and interest shall be recovered from the Death-Cum-Retirement-Gratuity payable to the legal heir or heirs as stipulated in the agreement. (h) The loanee shall submit to the government a certificate of utilisation of Form -IV appended to G.O.Ms.No. 90, Finance and Planning (PPR&L) Department, Dated: 26- 3-1970 within one month from the date of celebration of Marriage or within three months from the date of the advance whichever is earlier. If the actual expenditure incurred on account of the marriage is less than the advance drawn, the advance should be refunded to Government forthwith. (P.T.O): 2 : 4. The expenditure shall be debited to the Head of Account “7610--Loans to Government Servants etc. M.H. - 800 - Other Advances - S.H(05) - Marriage advance-001 Marriage Advance”. 2. This order does not require the concurrence of Finance (A&L) Department under rules or orders on the subject. (BY ORDER AND IN THE NAME OF THE GOVERNOR OF ANDHRA PRADESH) C.R.BISWAL PRINCIPAL SECRETARY TO GOVERNMENT (FP) [FAC] To Sri. Syed Ali, Driver, Ind. & Com.Department. The Ind & Com (OP.II Claims) Department. The Dy.Pay & Accounts Officer, Secretariat Branch Hyderabad. The Accountant General, A.P. Hyderabad. SF/SCs. //FORWARDED BY ORDER// SECTION OFFICER ANNEXURE ANNEXURE TO G.O.MS.NO. 76 , IND & COM DEPT., DATED:31.03.2012. Sl.No Name and Date of Amount Rate of Mode of Designation Marriage sanctioned Interest recovery of Principal & Interest 1. Sri. Syed Ali, Driver, 10/02/2012 Rs.75,000/- 5.50% In 30 , Installments Ind. & Com. Dept., @ Rs. AP Secretariate, 2,500/- Hyd. p.m. and Interest in 10 Installments