Odisha govt extends deadline for interest-free EV advance for staff employees

In a move to further promote electric mobility, the Odisha government on Monday extended the deadline for state government employees to avail interest-free advances for purchasing electric vehicles (EVs) till February 28, the Finance Department announced. 

The extension applies across Odisha and has been granted to align with the extended validity of the Odisha Electric Vehicle Policy, 2021, which is now in force until March 31, 2026.

The move aims to encourage wider adoption of electric mobility by easing the financial burden on employees through interest-free assistance.

According to the official notification, the facility, which was earlier available only until December 31, 2025, will now remain open till the end of February. February 28 has been fixed as the final date for receiving applications from eligible state government employees seeking the interest-free EV advance.

The Finance Department further clarified that all sanctions and release of funds under the scheme must be completed by March 10.

Eligibility and Advance Limits

Under the scheme, Group-A and Group-B employees are eligible for interest-free advances to purchase electric cars. The advance is capped at 75 per cent of the vehicle’s cost, subject to a maximum limit of Rs 15 lakh.

Group-C and Group-D employees can avail the benefit for purchasing electric two-wheelers. In their case, the advance is limited to 75 per cent of the cost, with a ceiling of Rs 2 lakh.

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Repayment Terms

The advance amount will be recovered in 100 equal monthly instalments from the employee’s salary starting from subsequent months. Employees also have the option to repay the amount ahead of schedule.

The extension underscores the state government’s continued focus on promoting clean mobility and supporting employees in transitioning to electric vehicles.