Ministry of Finance vide OM Dated 24/10/2008 notified interim eligibility criteria (Before recommendation in line of 6th CPC are accepted) for interest bearing Advance as follows
(1) Motor Car (including PC):- Pay in pay band of Rs 19530 or more
(2) Motorcycle Advance :- Pay in pay band of Rs 8650 or more
The quantum of advance would be determined with reference to pay in the pay band and existing ceiling would remain unchanged
Advance for purchase of Cycle & warm clothing are to be treated as Non-interest bearing Advance.
Source : Here
(1) Motor Car (including PC):- Pay in pay band of Rs 19530 or more
(2) Motorcycle Advance :- Pay in pay band of Rs 8650 or more
The quantum of advance would be determined with reference to pay in the pay band and existing ceiling would remain unchanged
Advance for purchase of Cycle & warm clothing are to be treated as Non-interest bearing Advance.
