Punjab govt declares festival interest free loan for fourth class employees

October 28, 2013 11:27 AM

CHANDIGARH: Punjab Government has declared Rs.7000/- festival interest free loan to its fourth class employees for the year 2013-14. The loan amount would be withdrawn till 30 November 2013.Revealing this here today a spokesman of the Punjab Government said that a notification has been issued in this regard. He further said that amount of loan would be recovered in seven equal installments and would be recovered from December 2013 salary.

The spokesman further said that only regular fourth class employees would be given loan amount. “Work Charge employees who had been regularized after five years service completion would also be eligible for loan” added the spokesman.

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