Odisha govt hikes festival advance to Rs 20,000
Bhubaneswar: The Odisha government on Saturday enhanced the amount admissible as festival advance from existing Rs 15,000 to Rs 20,000.
“Taking into account the factors of price rise and consequential cost of living, the state government after careful consideration has been pleased to revise the amount admissible for festival advance from existing Rs 15,000 to Rs 20,000,” a statement released by the finance department stated.
The statement stated that the advance will be recovered in maximum 10 monthly installments of Rs 2,000 per month from the salary of the employee concerned with effect from the succeeding month.
The state government employees who are in the pay level of 9 and below in the state pay matrix as per ORSP Rules, 2017 shall be eligible for festival advance.
In case of any eventuality leading to non-recovery of such advance within the stipulated period of ten months, the employee concerned shall not be eligible to avail the next festival advance till completion of the recovery of the earlier advance, the statement added.