Loans and Advances by the Central Government – Interest rates and other terms and conditions.

F.No.5(3) – B (PD)/2013 
Government of India 
Ministry of Finance 
Department of Economic Affairs

New Delhi, the 12^th November, 2013

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) 2012 dated 7^thJanuary, 2013 on the captioned subject.

   2. The lending rates prescribed in the aforesaid Office Memorandum have been reviewed. The revised rates of interest applicable from 1^st April, 2013 are given in the Table below:

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Loans and Advances- Monitoring of recovery: Instructions issued

GOVERNMRNT OF KERALA

FINANCE (GMC) DEPARTMENT

No.52/GMC2/2011/Fin

Dated, Thiruvananthapuram, 9th August 2011.

CIRCULAR

Sub:- Loans and Advances to Public Sector Undertakings, Local Bodies, Corporations, Co-Operative Societies, Individuals etc - Monitoring of recovery - Instructions Issued - Reg.

Ref:- I. PAC- Forty Seventh Report 2001 -04.
2. Circular No.37/GMC-3/06/Fin dated 29.7.2006.
3. Circular No.104/GMC-2/09/Fin dated 28.12.2009.

   As per the Circular instructions cited above, Government have issued guidelines in connection with monitoring of repayment of loans and advances to public undertakings, local bodies, corporations, and individuals etc. In order to ensure prompt repayment by the borrower and to strengthen the monitoring of the repayment of principal amount and interest thereon, the following instructions are issued for strict compliance.

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