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LTC Cash Voucher Scheme 2020: Online Registration, Objectives, Eligibility & Benefits

Short Info: एलटीसी कैश वाउचर योजना – [Apply Online] LTC Cash Voucher Scheme 2020 – Online Registration, Application Form PDF Download, Eligibility, Beneficiary List, Payment/ Amount Status, Features, Benefits and Check Online Application Status at Official Website – Not Available.

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Short Scheme Details:
Name of Scheme LTC Cash Voucher Scheme
Application Status Active
Scheme Benefit A special package for Central government employees
Scheme Published On 10/13/2020
Scheme Updated on 10/14/2020

Table of Content

एलटीसी कैश वाउचर योजना 2020: LTC Cash Voucher Scheme List, Status News Update

Latest News Update:
  • Government announces the Leave Travel Concession (LTC) Cash Voucher Scheme for the employees amidst the COVID-19 pandemic.
  • Finance Minister Nirmala Sitharaman announced several measures to boost the ailing economy. Two of the schemes announced — LTC Cash Voucher and Special Festival Advance — come as big incentives for central government employees.
  • The Department of Expenditure of the Ministry of Finance has released a list of clarifications regarding the recently introduced LTC Cash Voucher Scheme. The clarifications will help central government employees in getting a better understanding of the scheme and remove several of their doubts about the working of the scheme. News Source: financialexpress.com

LTC Cash Voucher Scheme 2020 Apply Online

Summary: The Central government gave gifts to all its officers and employees on the occasion of festivals. Finance Minister Nirmala Sitharaman on 13th October 2020 announced the LTC cash voucher scheme for the central government employees to boost consumption ahead of the festive season.

The central government will give a prepaid RuPay card of Rs 10,000 to all rank and category employees under this scheme. It can be used for any festival till 31 March 2021.

All Applicants who are willing to apply online application then download the official notification and read all eligibility criteria and application process carefully. We will provide short information about “LTC Cash Voucher Scheme 2020” like Scheme Benefit, Eligibility Criteria, Key Features of Scheme, Application Status, Application process and more.

LTC Cash Voucher Scheme 2020 – Overview
Name of Scheme LTC Cash Voucher Scheme
in Language एलटीसी कैश वाउचर योजना
Launched by Finance minister Nirmala sitharaman
Beneficiaries Central Government employees
Major Benefit A special package for Central government employees
Scheme Objective Providing cash vouchers for travelling and buying items
Scheme under State Government
Name of State All India
Post Category Scheme/ Yojana/ Yojna
Official Website Not Available
Important Dates
Event Dates
Starting Date to Apply Online
Last Date to Apply Online
Important Links
Event Links
Apply Online – Not Available Registration Login
Notification – Not Available Click Here
LTC Cash Voucher Scheme 2020 Official Website

LTC Cash Voucher Scheme Online Registration Process

Leave Travel Concession (LTC) Cash Voucher Scheme Details: Central government employees get LTC in a block of 4 years (one to anywhere in India and one hometown or two to hometown). Air or Rail Fare, as per scale/entitlement, is reimbursed and in addition, Leave encashment of 10 days (pay + DA) is paid. Due to COVID-19, employee are not in position to avail LTC in the current block of 2018-19.

All Eligible Applicants who want to apply this scheme then read all instructions carefully and follow the given below steps to apply online application form:

Procedure to Apply Online LTC Cash Voucher Scheme Application Form 2020

Step 1- Visit the Official Website of LTC Cash Voucher Scheme i.e. Not Available.

Step 2- On the Homepage, Click on the Option “Apply Online” button.

Step 3- Application Form page will be displayed on the screen.

Step 4- Now enter the required details and upload documents.

Step 5- Click on Submit Button for the final submission of the application.

Note: There is no additional information regarding LTC Cash Voucher Scheme Registration is available now.

How to take advantage of the scheme?

  • Cash payment is being given to the employees in lieu of LTC.
  • Payment of fare will be completely tax free.
  • Employees availing this scheme will have to spend three times the fare.
  • Leave encashment will have to be spent equal to the payment.
  • Travel fare will be paid according to the eligibility of the employee.
  • GST receipt will have to be submitted while claiming travel allowance or leave allowance.
  • Employees will have to spend money on a particular item.
  • The service item on which 12% or more GST is charged, the money will have to be spent there.
  • Will have to be spent before 31 March 2021.
  • Only services or goods have to be purchased from the GST registered vendor or merchant.
  • Payment of services or goods will also have to be done in a digital way.

How to compute the Special Package in lieu of LTC?

An illustration is given below for ease of understanding:

Required Document for LTC Cash Voucher Scheme

Important Document to Apply Online
Not Available

LTC Cash Voucher Scheme Eligibility Criteria

Beneficiary Guidelines
  • 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

LTC Cash Voucher Scheme 2020: Online Application Form

ABOUT SCHEME
LTC Cash Voucher Scheme 2020: Online Application Form PDF Download The government has decided to give an interest-free advance of Rs 10,000 to all its officers and employees on festive occasions. The government has taken this step as part of a plan to increase demand in the economy by increasing consumer spending.

  • Currently, the goods and services are taxed under Goods and Services Tax (GST) at different rates. Under 5 per cent GST slab, basic amenities goods such as sugar, oil, spices, coffee, coal, fertilizers, tea, ayurvedic medicines, agarbatti, unbranded namkeen, and life-saving drugs are covered.
  • Similarly, under 12 per cent GST slab, items like cell phones, sewing machine, umbrella, jewellery box, processed foods like frozen meat, fruit juices, butter, cheese, ghee are covered.

How long can you spend 10,000 rupees?

This advance of Rs 10,000 will be in the form of a pre-paid RuPay card. The Special Festival Advance Scheme is available for the next six months.

How to pay?

The employees will have to pay this advance in 10 installments.

What is LTC Cash Scheme?

In order to boost the demand in the economy, the government has announced a cash voucher in lieu of Leave Travel Concession (LTC) to its employees this year.

How long can I spend the amount?

It will have to be spent by 31 March 2021.

How much will the government spend?

The government will spend Rs 5,675 crore for LTC.

The government has created three categories for availing the LTC Cash Voucher Scheme and capped the payouts: employees entitled to business class air travel, economy air travel and rail fare.

Deemed LTC Fare

The number of LTC vouchers that the employees will get plus the value of these vouchers are as follow:-

Employees Vouchers Value
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

Employees will now get cash equivalent to the total of the full roundtrip fare and leave encashment. The condition is that they will have to spend three times the fare and full leave payout on buying goods or services attracting a GST of 12% or more.

Objectives of LTC Cash Voucher Scheme 2020

SCHEME OBJECTIVE
  • The amount will be given in advance for LTA expenditure to encourage demand.
  • Some proposals are aimed at advancing expenditure while others are “directly linked to increase in GDP (Gross Domestic Product).

Major Benefits

BENEFICIARY BENEFITS
  • Under the Special Festival Advance Scheme, a festival advance of Rs 10,000 will be given to government employees.
  • Central government employees who are eligible to claim LTC will be able to avail leave encashment benefit in lieu of travel expenses.
  • The money can thereafter be used by them towards discretionary spending.

Key Features of Scheme

SCHEME FEATURES
  • The government’s expenditure on cash for LTC will be Rs 5,675 crore. Rs 1,900 crore will be given to PSUs and banks.
  • The government’s employees would be required to spend three times of the LTC fare component for purchasing items that attract 12 per cent or more GST.
  • The announcement has come as an employee is not in a position to travel anywhere in India to avail the benefit of LTC/LTA in the current block of 2018-2021 due to novel coronavirus pandemic.

Helpline Number 

HELPLINE NUMBER & CONTACT ADDRESS
Not Available

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