Form CAM – 29 — CAM

(ii) For watching the recovery of loans, Loan Register

(s) are to be maintained in Form CAM – 29 in PFMS.

(iii) The responsibility for calculation of interest on interest bearing advances, recoverable from the loanee Government servant will be that of the head of office/drawing and disbursing officer both for gazetted and non-gazetted Government servants. The heads of offices would, however, be responsible for obtaining mortgage bonds and agreements and ensuring that necessary insurance, as required under the rules, is obtained. When advance is getting closed as per CAM 29, PAO seek Head of Office and DDO about the applicable interest on advance to be recovered from Pay Bill i.e. enhanced interest or normal interest, based on the repayment of principal component.