Team’s daily Bytes - A.Kesavan, Asst General Secretary
Circle Welfare Fund for GDS 2
(Dte
Lr. No.20-09/2019 WL& Sports dtd 11.09.24)
3 components of
Circle Welfare Fund are
Financial Grant
Financial assistance
- Loan @ 5% ( Refundable / recoverable )
One time repayment at the time of Retirement.
Surety from 2 GDS officials are required for
sanctioning loan /advances.
Priority will be given for the GDS officials who have
not availed any loan.
Loan will not be sanctioned for the GDS officials
under put off duty.
Failure in the repayment of Loan.
1. Resignation -
From TRCA, Ex Gratia Gratuity.
2. Retirement -
From Ex Gratia gratuity.
3. Death - From the nominees .
In all these 3 cases , if any outstanding amount is
due then the same will be recovered from the GDS officials who stands as
sureties.
During the period of LWA no TRCA will be paid to the
GDS officials. The recovery of loan during the period of LWA will have to be
deposited by the GDS every month.
The Divisional head will maintain the loan disbursement register.
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