Interest Free Loan Scheme 2017 for KPK Employees serving in BS-01 to BS-15

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Interest Free Loan Scheme 2017 for KPK Employees serving in BS-01 to BS-15:

Government of Khyber Pakhtunkhwa, Benevolent Fund Cell has issued Notification No. E&AD/BF/2161-2006-XI/2016-17/ Dated 10-01-2017 regarding Interest Free Loan Scheme for KPK Employees serving in BS-01 to BS-15.

According to this Notification, I am directed to refer to the subject noted above and to state that the Government of Khyber Pakhtunkhwa has allocated Rs.80 Million (Rs.50 Million for General Employees and Rs.30 Million for Civil Secretariat Employees) for current financial year 2016-17 on account of Interest Free Loan Scheme for Provincial Government Employees serving in BS-01 to BS-15. The allocated amount for the Interest Free Loan Scheme will be placed at the disposal of Accountant General Khyber Pakhtunkhwa, by the Finance Department, whereas the Scheme will be executed by the Provincial Benevolent Fund Cell.

  1. In order to facilitate government employees a copy of circular, form, affidavit and Data Entry Software Program have been provided on website (www.bfkp.org) and Facebook (Benevolent Fund KPK) page of Provincial Benevolent Fund Cell.
  1. The Terms and Conditions and respective quantum of different categories of loans under the Scheme are as under:-

Interest Free Loans under the Scheme will be granted to Provincial Government Employees serving in BS-01 to BS-15 according to the following admissible rates.

Category Loan

House Building Advance Rs.1, 24,800/-

Motorcycle Advance Rs.39, 900/-

Bicycle Advance RS.4, 000/-

 

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