Advance for Odisha govt employees to buy EVs
BHUBANESWAR: After introducing a portal for release of subsidy on purchase of electric vehicles (EVs), the State government has announced to provide interest free advance to its employees to buy the vehicles.The Electric Vehicle Policy 2021 had promised a slew of incentive packages, including interest free advance to government employees to promote EVs in the State to control the pollution emerging from fossil fuel used in vehicles.
As per the guidelines framed by the Finance department for sanction of interest free advance, the interest free advance for electric operated cars will be available only to Group-A and Group-B category of employees. The amount of advance is limited to 75 per cent (pc) of the cost of the EV subject to a maximum of Rs 15 lakh.
