New Delhi: There is a Holi bonanza awaiting central government employees. The government might give Rs 10,000 to them as an advance before Holi.
The interest-free advance amount will allow them to spend the amount during the upcoming festival season. This advance being given for festivals will be pre-loaded. This money will already be recorded in the account of central employees. They can return the amount in 10 instalments from their salary.
According to the sources aware of the development, an allocation of about Rs 4,000-5,000 crore can be announced under the Special Festival Advance Scheme. If announced, the employees will be provided with a pre-loaded RuPay Card of the advance amount of Rs 10,000. The employees will be able to spend the advance amount in digital mode only.
The government will bear the Bank charges of the card. With the Special Festival Advance Scheme, the government is aiming to ensure a large number of digital modes of payment during festivals. This will also result in tax revenue and encourage honest businesses.
