LTC Cash Voucher Scheme Registration | LTC Cash Voucher Scheme Implementation Process, Benefits & Objective
The Finance Minister of our country is launching yet another scheme to benefit all of the Central Government and the State Government employees of our country. The scheme is known as the LTC Cash Voucher Scheme for the year 2020. we will share with all of you the details about the opportunity so that you can apply for it without any problem and interrogation. we will share with all of you the objectives and all of the other procedures related to the LTC cash voucher scheme for the year 2020. We will also share with you all the step by step procedure which we need to follow to apply for the new opportunity launched by the finance minister of the country.
LTC Cash Voucher Scheme 2020
Through the implementation of the LTC Cash Voucher for the year 2020, the government will be giving cash vouchers to the employees of the central government and also the state government. These vouchers will be provided to the employees so that they can encash them and purchase different types of items as specified by the concerned authorities who have launched the scheme. The employees will be able to purchase the items having the GST amount of around 12%. The employees can only buy the products which are non-food items. The purchases which employees are making by using this cash voucher will only be done through the digital mode off from GST registered outlets.
Objective Of The Scheme
As per the concerned authorities of the government, it is said that this scheme has been launched by the Finance Minister because originally the money must be used by the Government employees on their leaves which were skipped because of the coronavirus pandemic. Now when the travel restrictions are day by day declining the concerned authorities of government will be providing cash vouchers to all of the employees as a travel expense. The employees can travel to any of their destinations by using these cash vouchers but the cash vouchers must be used before the expiration date of 31st March 2021. The employees can travel to their home place or to any other destination. They can cover up the travel expenses by these vouchers.
Overview Of LTC Cash Voucher Scheme
|Name||LTC Cash Voucher Scheme 2020|
|Launched by||Finance minister Nirmala sitharaman|
|Objective||Providing cash vouchers for travelling and buying items|
|Beneficiary||Central Government employees|
Special Festival Advance Scheme
Benefits Of LTC Cash Voucher Scheme
The main aim of the government by launching the LTC voucher scheme is to give proper facilities to all of the Central Government employees but also this scheme will help in the economical flow of the country. The employees will be given the travel expense but they still need to spend three times the travel expense voucher that they are provided by the concerned authorities of the finance minister of the country. The employees if given 6000 LTC fare travel voucher then they need to spend 18000 rupees on the non-food items under 12% GST. This will help in the economical flow of the country and also the people will be helping in generating more cash in the economy.
— MyGovIndia (@mygovindia) October 13, 2020
Applicant must follow the following eligibility criteria while applying for the scheme:-
- The applicant must be a resident of India
- An applicant must be a working Central Government employee
- The applicant can also be a state government employee
Deemed LTC Fare
The number of LTC vouchers that the employees will get plus the value of these vouchers are as follow:-
|Employees who are entitled to business class of airfare||Rupees 36000|
|Employees who are entitled to an economy class of airfare||Rupees 20000|
|Employees who are entitled to Rail fare of any class||Rupees 6000|
LTC Cash Voucher Scheme Registration
There is no additional information regarding LTC Cash Voucher Scheme Registration is available now. We will update here each information as soon as the central government will announce it.