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GOVERNMENT OF ANDHRA PRADESH
ABSTRACT
Loans and Advances – Loans to Government Servants – Sanction of Rs.60,000/
Motor Cycle Advance to Sri P.M. Sudhakar Naidu, Section Officer, Labour
Employment Training and Factories Department – Orders – Issued.
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LABOUR EMPLOYMENT TRAINING AND FACTORIES (OP) DEPARTMENT
G.O.Rt.No. 427 Dated:31-03-2012.
Read the following:-
1. G.O.Rt.No.1259, Fin. (A&L) Department, Dt:29-03-2012.
2. G.O.Rt.No.408, LET&F Department, Dt:31-03-2012.
3. Application of Sri P.M. Sudhakar Naidu, Section Officer,
LET&F Department, Dt.10.11.2011.
* * *
O R D E R:-
Under Article 231 of Andhra Pradesh, Financial Code Volume-I, sanction
is hereby accorded for payment of Rs.60,000/- (Rupees Sixty thousand only)
to Sri P.M. Sudhakar Naidu, Section Officer, Labour Employment Training and
Factories Department for purchase of Motor Cycle, subject to the following
conditions:
i) that within one month from the date of drawal of advance the Motor Cycle
should be purchased failing which full amount of advance sanctioned
together with the interest thereon, must be refunded to the Government
forthwith;
ii) that if the actual price paid for the Motor Cycle is less than the
advance drawn the balance should be refunded to the Government
forthwith;
iii) that the individual should execute a mortgage bond Immediately after
purchase in Form No.14 of the Andhra Pradesh Financial Code Volume-I;
iv) that the motor cycle is insured against loss of damage by fire accident or
theft from the date of the purchase of the Motor Cycle failing which the
amount of advance drawn with interest should be refunded to Government.
The insurance policy should be comprehensive in nature and not a third
party risk.
2. The Principal amount should be recovered in 60 equal monthly
installments @ Rs.1,000/- (Rupees One thousand only) per month and the
interest @ 5.50% per annum in 16 monthly equal installments shall be recovered
from the pay of the individual, as laid down under Article 217of Andhra Pradesh
Financial code Volume-I, and as per G.O.(P) No.175, Finance (A&L)
Department, Dated:15-05-2010.
3. The loanee should submit to Government Mortgage Bond in Form No.14
of the Andhra Pradesh Financial Code Volume-I as soon as the Motor Cycle is
purchased. The date of insurance of the motor cycle should also be reported
within a period of sixty (60) days from the drawal of the loan by the individual.
4. The recovery of advance should be made compulsorily from the pay of the
loanee and it should begin with the first pay of full month pay after the advance is
drawn.
5. The insurance policy should be forwarded to the Pay and Accounts
Officer together with a letter in form 15 of the Andhra Pradesh Financial Code
Volume-I addressed to the Motor Insurance Company with whom the Motor
Cycle is insured notifying that the Government of Andhra Pradesh are interested
in the policy secured.
Contd…2..// 2 //
6. The amount sanctioned in para 1 above shall be debited to 7610 – Loans
to Government Servants etc.– MH – 202 Advance for purchase of Motor
Conveyances – SH (05) Loans for purchase of Motor Cycles”-001-Loans for
purchase of Motor cycles and shall be met from the funds allotted to Labour,
Employment Training and Factories Department ( 4th quarter of 2011-2012),
Secretariat in the memo 2nd read above.
7. This order does not require the concurrence of Finance Department.
8. The Labour Employment Training and Factories (OP- Claims) Department
are requested to draw and disburse the amount to the individual.
(BY ORDER AND IN THE NAME OF THE GOVERNOR OF ANDHRA PRADESH)
D. SREENIVASULU
PRINCIPAL SECRETARY TO GOVERNMENT
To
Sri P.M. Sudhakar Naidu, Section Officer, LET&F Dept.
Copy to:-
The LET&F(OP) Department.
The Dy. PAO., Sectt. Br. Hyd.
The A.G.A.P., Hyd.
SF / SC
// FORWARDED BY ORDER //
SECTION OFFICER