Rate of Interest for Other Advances (i.e. advances in connection with marriage, illness, etc. and advances for other purposes) including passage advance is 5.5% per annum.
Governor has been pleased to fix the following rates of interest on loans and advances taken by Government Servants during the year 2013-2014 as follows:
Subject: Loans and Advances of the State Govt – Interest rates and other terms and conditions for the year 2015-2016 vide No. 330-F.B. dated 17.06.2016.
Loans to Local Bodies – Municipal Corporations, Municipalities, Improvement Trusts, Development Authorities, Zilla Parishads, Anchalic Parishads, Panchayat Samities, Housing Boards etc.