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26. Circle Welfare Fund for GDS 2

 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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