Para 10.5 — CAM

10.5 LOAN REGISTERS AND BROADSHEETS 10.5.1 The sanction orders for payment of loans should be scrutinized and noted in a Loan Register in Form CAM 29, in the page assigned to it, under the attestation of the Pay and Accounts Officer. The details noted will comprise of the amount sanctioned, authority sanctioning the loan and the conditions of each loan. For each loan, separate page should be allotted in the Loan Register, and their repayment along with receipt of interest amount thereon should be noted/watched. Further, wherever a loan is not drawn in one lump sum, the drawing of further instalments should also be noted/watched therein. It should also be seen that all the sanctions contain specific provision for levy of penal interest in the event of default in repayment of principal and/or payment of interest on due dates, in accordance with Rule 258 (1) & (2) of GFRs 2017.