Personal Computer Advance - grules.in

Eligibility

    All Government employees are eligible for grant of Personal Computer Advances of Rs 50,000  or actual price of the PC, whichever is lower. - OM, dated 7-10-2016.

Sanctioning Authority

    The authority competent to sanction the advance is Department of Central Government / Administration / Head of Department - Rule 15 (1).

Conditions

1. An application for the grant of advance for the purchase of a Personal Computer shall be made in Form VI of the compendium

2. A second or subsequent advance for the purchase of a Personal Computer cannot be granted before the expiry of 3 years from the date of drawal of the earlier advance.  May be allowed maximum five times in entire service.

3. Advance not admissible for payment of customs duty on the Personal Computer. - Rule 21 (5).

Mortgage

    The Make, Model and No. of the Personal Computer should be entered in Form IV of the compendium.

Interest

    At the rate of 9.8% for the year 2020-2021(interest is undated for every financial year). - OM, dated 16-03-2020.

Repayment

    In not more than 150 monthly instalments.  Total recoveries on account of all advances including computer advance, taken by a Government servant shall not exceed 50% of the total emoluments. - Rule 21 (5).

Important Links:

https://www.grules.in/p/latest-government-news-grulesin.html

1. OM, dated 7-10-2016.

2. Form VI 

3. Form IV

4. OM, dated 16-03-2020.

mortgage - a legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.

compendium - a collection of concise but detailed information about a particular subject, especially in a book or other publication.

concise - giving a lot of information clearly and in a few words; brief but comprehensive.

emoluments - a salary, fee, or profit from employment or office.