Published On : Sat, Jul 11th, 2015

Police Karmachari Sahakari Sanstha puzzled!

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Nagpur: The Nagpur-based Police Karmachari Sahakari Sanstha is puzzled over the orders of ‘no deductions from salary of karmachari-members’ issued by Commissioner of Police, Nagpur. They are now demanding immediate cancellation of commissioner’s orders in the interest of the Police Employees Cooperative Society as well as its members.
It is worth mentioning here that the Police Employees Cooperative Society was set up in the regime of former Nagpur CP Singarvel, about 25 years ago, in the welfare of police personnel with a view to promote their savings through monthly deductions/ contributions from their salary. The Nagpur CP happens to be the ex-officio chairman of the society.

The society’s current turnover is said to be about Rs 80 crore. Its membership is 7,500 and each member subscribes Rs 1000 per month. Each member can draw an emergency loan of Rs 30,000 and a regular loan of Rs 3 lakh for any major purpose like marriage, house building, etc. It maintains the fixed deposit account of about Rs 8 crore to Rs 10 crore in respect of those police personnel who have retired and deposited their money as safer savings with the society.

The members feel that their regular deposits with the society provides them a sound financial security, in case it is not done they will never be able to deposit any money for their future. Moreover, each member has several domestic liability to meet, and if he or she gets entire salary at hand, he or she will hardly be able to deposit. Apart from this, those who have drawn loans from the society their regular EMIs are to be deducted to ensure reconciliation of the loans. If the society does not make compulsory deductions/ subscriptions/ contribution/ deposits, it will suffer a great financial loss and by its loss the members too will suffer loss.

Finally, the members of the society have urged the Nagpur CP Yashasvi Yadav to revoke his orders in the interest of his policemen and their families as well as their society.