Para 10.7 — CAM

10.7 LONG TERM ADVANCES TO GOVERNMENT SERVANTS 10.7.1 Long term interest-bearing advances for House Building and Computer advance that are recoverable in not less than 60 instalments, shall be paid to Government servants only after precheck of the bills by the concerned PAO. The PAO shall keep a note of such payments and the repayments against it, in a Register in Form CAM 30 that has been prescribed for the purpose. The payments and recoveries noted in the register shall be reconciled on monthly basis with the figures compiled in the monthly accounts, and rectified in case of any discrepancies. The provisions under para 2.16.17

(iii) may be referred to for the purposes of calculation of interest.