About 30.67 lakh non-gazetted employees of the Central government will receive a productivity-linked bonus for 2019-2020, as approved by the Cabinet. The payment of this PLB will be made in a single instalment and will cost Rs 3,737 crores.
The PLB for 2019-2020 to be paid to 16.97 lakh non-gazetted employees of the Railways, Posts, Defence, EPFO and ESIC worth Rs 2,791 crore was earlier approved by the Cabinet. Ad-hoc bonus worth Rs 946 crore will be paid to about 13.70 lakh non-gazetted central government employees.
Just last week, a new scheme was announced wherein employees could claim LTC benefit by submitting proof of expenses incurred in buying goods and services.
The well-timed scheme will be of immense benefit to employees who plan to spend heavily during the festive season, and in the process push demand and help the economy.
Central-government employees have been issued a circular explaining that an amount equivalent to 100 per cent of the leave encashed and half of the value of estimated travel fare will be deposited in advance into their bank accounts. The remaining will be paid against submission of bills of purchase of goods and services. However, they have to spend digitally to avail the benefit.
A second scheme announced was the Special Festival Advance scheme, under which all Central government employees are eligible for Rs 10,000 advance till March 31, 2021. This amount will be given to them as a prepaid RuPay card.