LTC Cash Voucher Scheme 2020 { यहां देखें } Objective, Registration & Beneficiary

The government is constantly making efforts to revive the country’s economy, affected by the Corona crisis. Under this, Finance Minister Nirmala Sitharman had recently announced LTC Cash Voucher Scheme 2020 and Special Festival Advance Scheme for central personnel. During this time, the Finance Minister had said that a provision has been made to give advance of 10,000 rupees to all gazetted and non-gazetted personnel through Special Advance Scheme. It can be used only once.

LTC Cash Voucher Scheme 2020

As we all know, the GDP of our country is declining at a very fast rate and to overcome this problem the government is launching various schemes. Today we are going to tell you about such a scheme which is known as LTC Cash Voucher Scheme 2020. Every four years, the government gives LTC to its employees to travel to a destination of their choice.

In addition, an LTC is given to them to travel to their home state. As it is difficult for employees to travel this year due to the Covid-19 epidemic. In such a crisis, the GOI has decided to provide them cash vouchers which will have to be spent by 31 March 2021.

एलटीसी कैश वाउचर योजना राज्य और केंद्र सरकार दोनों द्वारा विनियमित है। LTC नकद वाउचर योजना भारत सरकार द्वारा शुरू की गई है। Covid19 महामारी में लॉकडाउन की अवधि से देश की अर्थव्यवस्था में तेज गिरावट आई है। इसलिए, देश की अर्थव्यवस्था के संकुचन पर नज़र रखते हुए, वित्त मंत्री निर्मला सीतारमण ने सोमवार 12 अक्टूबर 2020 को LTC कैश वाउचर योजना को शुरू करने की पहल की, जो देश की अर्थव्यवस्था को बढ़ाने में मदद करेगी।

Overview Of LTC Cash Voucher Scheme 2020

Name of SchemeLTC Cash Voucher Scheme
Budget5675 crore
Launched byFinance minister Nirmala sitharaman
BeneficiariesCentral Government employees
Major BenefitA special package for Central government employees
Scheme ObjectiveProviding money vouchers for travelling and shopping for objects
Official WebsiteAvailable Soon

Objective of LTC Cash Voucher Scheme 2020

वित्त मंत्री ने अर्थव्यवस्था को बढ़ावा देने के लिए योजना शुरू की और यह बाजार में एक मांग भी बनाता है जो अर्थव्यवस्था पर सकारात्मक प्रभाव डालता है। कोरोना महामारी से देश की अर्थव्यवस्था में एक तेज गिरावट आई है। इसलिए, यह योजना देश की अर्थव्यवस्था को बढ़ावा देने के उद्देश्य से शुरू की गई है। यह योजना वास्तव में यात्रा करने के बिना छुट्टी यात्रा रियायत घटक पर कर लाभ प्रदान करेगी लेकिन कर्मचारियों को एलटीसी घटक किराया का तीन गुना आइटम खरीदना होगा।

साथ ही, खरीदी गई वस्तुएँ एक प्रकार की होंगी जो 12% या अधिक जीएसटी को आकर्षित करती हैं जो जीएसटी संग्रह को बढ़ाने में मदद करेगी। LTC कैश वाउचर योजना का मुख्य उद्देश्य सरकारी क्षेत्र के कर्मचारियों को लाभ प्रदान करके मांग और सकल घरेलू उत्पादन में वृद्धि करना है। इस योजना के तहत, कर्मचारी उन वस्तुओं और सेवाओं की खरीद के लिए अपनी छुट्टी यात्रा रियायत का लाभ उठा सकते हैं जिन पर 12% या उससे अधिक जीएसटी लगाया गया है।

LTC Cash Voucher Scheme – Eligibility Criteria

Under LTC Cash Vouchers Scheme 2020 the Eligibility Standards is out and are as under-

  • Applicant should be a Permanent Resident of India,
  • Applicant should be a Central Government Employee,
  • And state employees can also apply under the scheme after fulfilling all the eligibility.

LTC Cash Voucher Scheme 2020 –Deemed LTC Fare

EmployeesVouchers Value
Government employees who are entitled to business class of airfareRs. 36000
Government employees who are entitled to an economy class of airfareRs. 20000
Government employees who are entitled to Rail fare of any classRs. 6000

Major Points of  LTC Cash Voucher Yojana 2020

  • With LTC Cash Voucher Scheme 2020, the GOI will offer cash payment to employees in lieu of an LTC during 2018-21 and in which full payment on leave encasement and tax-free payment of LTC rent will go at 3-flat rate depending on the category of eligibility.
  • Workers availing this scheme will have to spend three times the amount of LTC. They have to buy only those goods which attract 12 percent or above GST and the goods have to be taken only from GST registered vendors. Apart from this, invoice of expenses will also have to be shown only then there will be exemption.
  • Also, the central employees will have to spend 10 days of leave encashment. All these expenses will have to be done by 31 March 2021. All expenses and purchase payment should be in digital mode only.
  • This scheme of the government is expected to benefit more and more employees. Because that four-year block is ending in 2021, after which LTC will become useless. That means it will not be able to be taken advantage of. Therefore, employees will insist on buying such products, which can be useful for them and their families.

LTC Cash Voucher Scheme 2020: Registration Process

The Registration process to apply for LTC Cash Voucher Scheme 2020 is not yet declared. Whenever there will be an update given by the concerned authority related to the Registration process of एलटीसी कैश वाउचर योजना, we will update you through this article. Until then stay tuned to our website as we can say that the Registration Process will start soon and we will also assure you that whenever the LTC Cash Voucher Scheme Registration Process starts, we will inform you via an update.

LTC Cash Voucher Yojana 2020 FAQ

What is the main benefit of the LTC Cash Voucher Scheme 2020?

To ensure the stabilize of the economic flow of the country and social and economic development of our all state and central employees government has launched the LTC Cash Voucher Scheme 2020.

Which state employee is going to take the advantage of the एलटीसी कैश वाउचर योजना?

All state and central employees can take the advantage of the एलटीसी कैश वाउचर योजना

How much will the government spend under एलटीसी कैश वाउचर योजना 2020?

The government will spend Rs 5,675 crore for एलटीसी कैश वाउचर योजना 2020.

LTC Cash Voucher Scheme 2020Check Here
Official Websitehttps://pib.gov.in/

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