Haryana govt increases amount of interest-free wheat loan

CHANDIGARH: The Haryana government has increased the amount of interest-free wheat loan to its employees from Rs 10,000 to Rs 11,000 during the current financial year.


The move would benefit about 60,000 employees in the state, Finance Minister H S Chattha said, according to an official release here.

The loan is given to Class-IV employees, and Class III employees who are getting basic pay plus dearness allowance up to Rs 7,000 in pre-revised scale and up to Rs 8,000 in revised scale.

He said the loan would be recovered in 10 equal monthly instalments.

The wheat loan would not be sanctioned to work charge or daily wage employees or employees who are on deputation in Corporations or Local Bodies, he said, adding that in case both husband and wife are government employees, either of the spouse would be granted this facility.