G.O.MS.No. 25 Dated: 19-02-2018 Sanction of Rs.1,50,00,000/- (Rupees One Crore and Fifty Lakhs Only) towards matching grant to Andhra Pradesh Employees Welfare Fund equivalent to the interest earned on Corpus Fund for sanction of Loan purposes by the A.P. Employees Welfare Fund for the Financial Year 2017-18

GOVERNMENT OF ANDHRA PRADESH ABSTRACT   FUNDS – Andhra Pradesh State Level Committee –

A.P. Employees Welfare  Fund –

G.O.MS.No. 25   Dated: 19-02-2018 Sanction of Rs.1,50,00,000/- (Rupees One Crore and Fifty Lakhs Only) towards matching grant to Andhra Pradesh Employees Welfare Fund equivalent to the interest earned on Corpus Fund for sanction of Loan purposes by the A.P. Employees Welfare Fund for the Financial Year 2017-18 -  Orders – Issued.  ---------------------------------------------------------------------------------------------------------------------

Finance (HR.VI/TA&AL/EWF) Department 

G.O.MS.No. 25   Dated: 19-02-2018    

      Read the following   

G.O.Ms.No.404, (P) Finance (EWF) Department, dated 30.07.2001.

  ORDER :

           In the Government orders read above, revised procedure of making payments regarding 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)  SH (01) – Employees Welfare Fund (Andhra Pradesh State)   iii)  Government will release interest on accumulated balances of the  Corpus Fund, which will be credited to Public Deposit 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, Andhra Pradesh Employees Welfare Fund, Velagapudi.

⏩   3.  Accordingly, sanction is hereby accorded for crediting an amount of Rs.1,50,00,000/- (Rupees One Crore and Fifty Lakhs Only) to the Public  Deposit 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.     “2235 Social Security and Welfare  60 Other Social Security and Welfare Programmes        MH  200 Other Programmes       SH  (12) Matching grant to APEWF equivalent to interest earned on    Corpus Fund 310  Grants-in-Aid 312 Other Grants-in-Aid;   

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