Loan & Monitoring
Loan & Monitoring Section is one the branches of Office of the Chief Controller of Accounts, Accounts & Treasuries Department which started functioning form 1st July 2008. The Main purpose of this section is to record the names and allot code number to Government employees who have availed long term loan or advances such as House Building Advance, Motor Cycle Advance, Scooter Advance, Computer Advance and Special Car Loan. It also monitors the monthly recovery of long term loan and issue Demand Certificate and No Demand Certificate to the retiring employees whether or not the employees is having dues to the Government. At present, the Loan & Monitoring Section is maintaining about 15000 loan accounts of the Government employees. The loan interest of any employees who have not yet repaid the long term loan in full due to death or superannuation pension are recalculated and dues of any, are made to deduct from pension gratuity. This benefits the Government considerably and prevents great loss to the Government.
Allotment of Code no. of long term loan: Those Government employees who have availed long term loan needs Code numbers for repayment of long term loan and in order to get code numbers, the concerned Department have to submit sanction order of loan and proforma IV.
Demand Certificate or No Demand Certificate: Whether or not the Government servant is having dues to the Government, Demand Certificate and or Demand Certificate is issued. The Department shall apply in prescribed form. For those who availed any kind of long term loan, proforma III & IV should be enclosed. Demand Certificate and or Demand Certificate can be applied prior to six months of the date of retirement of the Government servant.
