Rs.1,70,00,000 APEWF LOAN Amount
GOVERNMENT OF ANDHRA PRADESH
ABSTRACT
FUNDS – A.P Employees Welfare Fund – State Level Committee –Sanctionof .1,70,00,000.00 (Rupees One Crore and Seventy Lakhs Only) towards Loan purposes by the Andhra Pradesh Employees Welfare Fund for the
Financial year 2011-12 – Orders – Issued.
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FINANCE (EWF) DEPARTMENT
GO.Ms.No. 6 Dated: 09-01-2012
Read the following:
1. G.O.Ms.No.404 (P) Finance (EWF) Department, Dated: 30-07-2001
* * *
O R D E R
In the Government orders 1st read above, revised procedure of making payments regarding A.P Employees Welfare Fund has been incorporated. The salient features of such revised procedure for making payments are as follows.
i) The loans granted from the Fund shall be recovered hereafter by way of deductions from the pay bill.
ii) The contributions made by the members to the Fund shall be credited to the following Head of Account.
8121 – General and other Reserve Funds
MH.117 – Employees Welfare Fund (Andhra Pradesh State)
iii) Government will release interest on accumulated balances of the Corpus Fund, which will be credited to Public Account under the Head 8342-120-(08) by way of adjustment.
iv) The Matching Contribution sanctioned by the Government, which is equivalent to the interest earned on the Corpus Fund, shall be credited to 8342-120-(08) by way of adjustment.
2. To avoid inconvenience and to enable the Government employees to meet the immediate expenditure towards payment of medical loans etc., it is decided to draw the available Budgetary Provision and keep the amount under the control of State Level Committee, A.P Employees
Welfare Fund, Hyderabad.
3. Accordingly, sanction is hereby accorded for crediting an amount of .1,70,00,000-00 (Rupees One Crore and Seventy Lakhs Only) to the Public Account in the Head of Account as given at para 5 of this order and the amount will be utilized by the State Level Committee, Andhra Pradesh Employees Welfare Fund for sanction of loans to Government servants.
4. The expenditure sanctioned in para 3 above shall be debited to the following Head of Account.
“2049 Interest payments –
03 Interest on Small Savings, Provident Funds etc.
MH (109) Interest on Special Deposits and Accounts –
SH (07) Interest on Employees Welfare Fund
450 Interest;
And shall be met from the provision of B.E 2011-12.
ABSTRACT
FUNDS – A.P Employees Welfare Fund – State Level Committee –Sanctionof .1,70,00,000.00 (Rupees One Crore and Seventy Lakhs Only) towards Loan purposes by the Andhra Pradesh Employees Welfare Fund for the
Financial year 2011-12 – Orders – Issued.
---------------------------------------------------------------------------
FINANCE (EWF) DEPARTMENT
GO.Ms.No. 6 Dated: 09-01-2012
Read the following:
1. G.O.Ms.No.404 (P) Finance (EWF) Department, Dated: 30-07-2001
* * *
O R D E R
In the Government orders 1st read above, revised procedure of making payments regarding A.P Employees Welfare Fund has been incorporated. The salient features of such revised procedure for making payments are as follows.
i) The loans granted from the Fund shall be recovered hereafter by way of deductions from the pay bill.
ii) The contributions made by the members to the Fund shall be credited to the following Head of Account.
8121 – General and other Reserve Funds
MH.117 – Employees Welfare Fund (Andhra Pradesh State)
iii) Government will release interest on accumulated balances of the Corpus Fund, which will be credited to Public Account under the Head 8342-120-(08) by way of adjustment.
iv) The Matching Contribution sanctioned by the Government, which is equivalent to the interest earned on the Corpus Fund, shall be credited to 8342-120-(08) by way of adjustment.
2. To avoid inconvenience and to enable the Government employees to meet the immediate expenditure towards payment of medical loans etc., it is decided to draw the available Budgetary Provision and keep the amount under the control of State Level Committee, A.P Employees
Welfare Fund, Hyderabad.
3. Accordingly, sanction is hereby accorded for crediting an amount of .1,70,00,000-00 (Rupees One Crore and Seventy Lakhs Only) to the Public Account in the Head of Account as given at para 5 of this order and the amount will be utilized by the State Level Committee, Andhra Pradesh Employees Welfare Fund for sanction of loans to Government servants.
4. The expenditure sanctioned in para 3 above shall be debited to the following Head of Account.
“2049 Interest payments –
03 Interest on Small Savings, Provident Funds etc.
MH (109) Interest on Special Deposits and Accounts –
SH (07) Interest on Employees Welfare Fund
450 Interest;
And shall be met from the provision of B.E 2011-12.
5. The Finance (Claims) Department shall claim the amount
sanctioned at Para 3 above from the Head of Account at para 4 above with a request to the Pay and Accounts Officer, Secretariat Branch Hyderabad to credit the amount to the following Head of Account.
“8342 – Other Deposits
120 – Miscellaneous Deposits
SH (08)– Deposits of interest on Employees Welfare Fund
and matching contribution equivalent to the
interest earned on the Corpus Fund”.
6. The State Level Committee of A.P Employees Welfare Fund shall meet the expenditure towards sanction of loans to the members of the Fund from the Head of Account mentioned at para 5 above. The State Level Committee shall follow the norms of the Employees Welfare Fund in the
distribution of Loans.
7. The Pay and Accounts Officer, Hyderabad is requested to credit the amount as requested in the para 5 above and send a note to Finance (Claims) Department of the credit so made.
sanctioned at Para 3 above from the Head of Account at para 4 above with a request to the Pay and Accounts Officer, Secretariat Branch Hyderabad to credit the amount to the following Head of Account.
“8342 – Other Deposits
120 – Miscellaneous Deposits
SH (08)– Deposits of interest on Employees Welfare Fund
and matching contribution equivalent to the
interest earned on the Corpus Fund”.
6. The State Level Committee of A.P Employees Welfare Fund shall meet the expenditure towards sanction of loans to the members of the Fund from the Head of Account mentioned at para 5 above. The State Level Committee shall follow the norms of the Employees Welfare Fund in the
distribution of Loans.
7. The Pay and Accounts Officer, Hyderabad is requested to credit the amount as requested in the para 5 above and send a note to Finance (Claims) Department of the credit so made.
(BY ORDER AND IN THE NAME OF THE GOVERNOR OF ANDHRA PRADESH)
RANJEEV R. ACHARYA
Principal Secretary to Govt. (FP)
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