Govt moves to give senior civil servants vehicle loan
Thursday, 3 January 2008
The government has moved to provide interest-free loans for senior civil servants to buy vehicles, a top official said Wednesday, reports bdnews24.com.
The Establishment Ministry has drafted a proposal that provides for a maximum Tk 1.5 million in interest-free loans, and a monthly allowance of Tk 35,000 for maintenance, fuel and driver.
"The Finance Ministry has commented on the draft proposal. We will soon present the draft at the meeting of secretary committee on administrative development for approval," Establishment Secretary Md Abdus Salam said Wednesday.
The privileged officials include joint secretaries, additional secretaries and secretaries. There are 64 posts of secretary and equivalent designation, 72 posts of additional secretary and 370 posts of joint secretary.
The draft said, allocated vehicles were too few for too many privileged officials. The rundown vehicles often remain out of order, hampering the schedule of officials. Besides, the government has to spend huge money on repair.
The draft proposes that the officials must buy vehicles within three months of getting loans, and no one can take loans more than once.
The loan is to be repaid in 120 equal installments, and if, the loan is not fully repaid, money will be deducted from gratuity, pension and provident fund. The officials will own the vehicle after full payment of loans.
The Establishment Ministry has drafted a proposal that provides for a maximum Tk 1.5 million in interest-free loans, and a monthly allowance of Tk 35,000 for maintenance, fuel and driver.
"The Finance Ministry has commented on the draft proposal. We will soon present the draft at the meeting of secretary committee on administrative development for approval," Establishment Secretary Md Abdus Salam said Wednesday.
The privileged officials include joint secretaries, additional secretaries and secretaries. There are 64 posts of secretary and equivalent designation, 72 posts of additional secretary and 370 posts of joint secretary.
The draft said, allocated vehicles were too few for too many privileged officials. The rundown vehicles often remain out of order, hampering the schedule of officials. Besides, the government has to spend huge money on repair.
The draft proposes that the officials must buy vehicles within three months of getting loans, and no one can take loans more than once.
The loan is to be repaid in 120 equal installments, and if, the loan is not fully repaid, money will be deducted from gratuity, pension and provident fund. The officials will own the vehicle after full payment of loans.