Festival Advance Scheme : Interest free Rs.10000 to employees for festival :Travel concession with LTC or leave is available for government employees and employees of organized sector. The Modi government feels that savings in the country have increased due to the lockdown.
The central government wants to increase demand to get the economy back on track. For this, LTC Cash Voucher Scheme has been announced, which also includes cash received in lieu of holidays. The government hopes that if government employees go on holiday, it will help increase demand. Let us understand what is travel concession with LTC or holiday and how 60 lakh Central Government employees can avail it.
All India LTC: Any Central Government employee can travel anywhere in India with his family once in 4 years availing the LTC facility. The year an employee uses LTC, then only after 4 years he can get this facility. Under this, the employee has the right to take the prescribed travel allowance for travel. That is, according to the category of employees, the fare of train-bus-airplane-steamer for his journey is paid by the government. It does not include taxi fares and is only available for travel from one city to another (no matter how far away).
Government employees who are entitled to airfare can only travel with Air India. According to the guidelines issued by the Central Government, in order to avail travel concession with LTC or leave, it is necessary that at least one year of service of the concerned employee has been completed without interruption. He then has the right to use this facility for himself and his dependent family members.
The facility of LTC will be given only to those members of his family (excluding spouse) apart from the concerned employee, whose monthly income will not exceed Rs. 9,000 (pension, scholarship, stipend etc.). Members who do not fall into this category will not be considered dependent. If both the husband and wife are in the job then it will be mandatory to give in writing to the employee taking LTC that their spouse is not taking LTC from their office.
Dependents may include unmarried or divorced or widowed sisters in addition to two unmarried children of a government employee or fully adopted children and unmarried minor siblings who are dependent on a government employee. Hometown LTC: This LTC is available to the government employee from the place of his appointment to anywhere in India where his hometown is. Government employees can avail this twice in every four year block.
Festival Advance Scheme : Interest free Rs.10000 to employees for festival
For example, those who will avail this facility in 2020-21, can use this facility again in 2022-23. Hometown will mean the same, which will be recorded in the official record of the concerned employee and will have to be verified by the senior officers while passing the LTC. Not only this, employees who do not take All India LTC can use Hometown LTC only for themselves every year if their family lives away from them in their hometown.