1.0 Short Title
These Rules maybe called “SJVN Multi-Purpose Advance Rules”.

2.0 Eligibility
2.1 All full-time employees in the regular Pay Scale of the Corporation who have satisfactorily completed their probation period (excluding Trainees and persons appointed on temporary/contract basis etc.). Multi-Purpose advance is also admissible to the employees on deputation subject to the condition that the entire balance shall be refunded at the time of repatriation.

2.2 HPSEB employees after absorption in SJVN shall be eligible for grant of advances during probation period subject to having served at least one year prior to absorption in SJVN.

3.0 Purpose
The purpose of the scheme is to grant an interest-free, recoverable advance to employees to meet contingency/unforeseen requirements.

4.0 Amount
4.1 The amount of advance admissible to an employee shall be equal to one- month’s Basic Pay of the concerned employees on the date of application.

4.2 The advance shall be interest free.

4.3 The advance shall be admissible only once in a calendar year.

5 .0 Procedure
Employee desirous of availing the Multi-Purpose Advance shall make a written request directly to Finance Deptt. in the Annexure.

6.0 Recovery
Recovery of the advance shall be made from the salary of the concerned employee in not more than 12 equal monthly installments. The first recovery shall commence from the salary from the month following that in which advance is drawn.