Rajasthan government leads the way in employee welfare, offering interest-free advance salary privileges to state employees
The Rajasthan government has launched earned salary advance drawal scheme, allowing state government employees to access their salaries in advance. Rajasthan has become the first state in India to implement this progressive initiative, effective from June 1. The scheme, administered through the integrated financial management system (IFMS) 3.0, provides employees with access to various financial institutions and service providers.
Under the new scheme, state employees can request multiple advances within a month, up to a maximum of 50 per cent of their net monthly salary. Notably, these advances are interest-free, offering significant financial relief to employees. If an employee opts for an advance salary before the 21st of the month, the corresponding amount will be deducted from their subsequent salary, ensuring a streamlined recovery process.
Source: HR Katha
