7th Pay Commission: Government is giving benefit of festival advance scheme to central employees, in this, employees are being given 10,000 rupees.
7th Pay Commission: There are few days left for the festival of Holi. This time Holi is in the last month of March. This is at a time when the salary of the people of salary class is usually over. In such a situation, if a major festival like Holi comes at the end of the month, then one has to grope the pocket to spend.
The central government has announced a special offer for central employees to celebrate Holi. The Modi government is giving the benefit of the Special Festival Advance Scheme. This is special because the 7th Pay Commission did not have any such special advance.
Earlier, the Sixth Pay Commission (6th Pay Commission) used to get Rs 4500, but the government has increased it to Rs 10,000. That is, central government employees can take Rs 10,000 in advance to celebrate a festival like Holi. No interest will be charged on it. March 31 is the last date to take advantage of this scheme.
Later employees can return it in 10 installments. That is, you can repay it with a monthly installment of Rs 1,000. Actually, Finance Minister Nirmala Sitharaman had said recently that this advance given for festivals will be pre-loaded. The central employees will have this money already registered in the ATM, only they have to spend.
In the Corona era, the manner in which the central government freezed the DA of the employees gave a big blow. In such a situation, this advance amount will be a big relief for the employees. And they can spend freely in a festival like Holi.