Special festival advance scheme for central government employees   Finance Minister Nirmala Sitharaman today addressed the media on key economic issues. The following schemes are announced for Central Government Employees in this meeting : The interest-free advance of Rs 10,000 under the Special Festival Advance Scheme to be paid back in 10 instalments. The one-time disbursement of Special Festival Advance Scheme is expected to amount to ₹4,000 crore; if given by all state governments, another ₹8,000 crores is expected to be disbursed. Employees can spend this on any festival. Special Festival Advance Scheme for non-gazetted employees is being revived as a one-time measure, for gazetted employees too. All central govt. employees can now get an interest-free advance of Rs.10,000, in the form of a prepaid RuPay Card, to be spent by March 31, 2021 Special Festival Advance Scheme is being revived as a one-time measure. All central govt. employees can now get in...

  Latest Central Government Employees News Government employees can elect to earn cash amounting to leave encashment and 3 times ticket fare to buy items that attract GST of at least 12 percent under the LTC Cash Voucher Scheme   Finance minister declared that all central government employees would get LTC cash voucher and special festival advance schemes Finance Minister Sitharaman, in an effort to stimulate demand and increase consumer spending in preparation for the next holiday season, have announced Travel ( LTC ) casheat and special festival schemes for government employees. “We want to encourage these people to boost demand for the benefit of the least fortunate,” said the Finance Minister. The indications are that the savings of government and organised sector employees have increased. Under the LTC cash voucher system , government servants may opt to receive cash in cash and 3 times ticket fare to purchase items with a GST level of at least 12%. ...