Resolution – accumulations at the credit of subscribers to the GPF and other similar funds – 2017, w.e.f. 1st January, 2017
(PUBLISHED IN PART I SECTION OF GAZETTE OF INDIA)
F.No.5(1)-B(PD)/2016
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
New Delhi, Dated the 18th January, 2017
RESOLUTION
It is announced for general information that during the year 2016-2017, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8.0% (Eight per cent) w.e.f. 1st January, 2017 to 31st March, 2017. This rate will be in force w.e.f. 1st January, 2017. The funds concerned are:-
1. The General Provident Fund (Central Services)
2. The Contributory Provident Fund (India)
3. The All India Services Provident Fund
4. The State Railway Provident Fund
5. The General Provident Fund (Defence Services)
6. The Indian Ordnance Department Provident Fund
7. The Indian Ordnance Factories Workmen’s Provident Fund.
8. The Indian Naval Dockyard Workmen’s Provident Fund
9. The Defence Services Officers Provident Fund
10. The Armed Forces Personnel Provident Fund.
2. Ordered that the Resolution be published in Gazette of India.
sd/-
(Vyasan R.)
Deputy Secretary (Budget)
Click to view the order
Authority: www.finmin.nic.in
[29/01 10:55 pm] Rahseed,VILLUPURAM: Loans and Advances by the Central Government – Interest rates and other terms and conditions
F.No.5(3)-B(PD)/2016
Government of India
Ministry of Finance
Department of Economic Affairs
New Delhi, the 6th January, 2017
OFFICE MEMORANDUM
Subject:- Loans and Advances by the Central Government – Interest rates and other terms and conditions.
Reference this Ministry’s Office Memorandum F.No.5(3)-B(PD)2015 dated 3rd February, 2016 on the captioned subject.
2. The lending rates, categories and conditions prescribed in the aforesaid Office Memorandum have been reviewed. The revised rates of interest, categories and conditions as given in the Table below, would be applicable from 1st April, 2016 and till the time these are reviewed:
TABLE👇
[29/01 10:56 pm] Rahseed,VILLUPURAM: TABLE
Category of borrower & type of loan
Interest rate per cent per annum
1. State Governments (EAP Loan):
8.00
2. Union Territory Governments (with Legislature):
(i) Loans upto 1 year and EAP loan
8.00
(ii) Other Loans
8.50
3. Industrial and Commercial Undertakings in the Public Sector and Cooperatives: Loans for implemantation of VRS in sick PSUs
