Thursday, August 28, 2008

ESM Harrassed by PFC

Ludhiana, August 27 Members of Ex-servicemen League said in press conference here today said that Punjab Financial Corporation (PFC) had been unnecessarily harassing some 180 soldiers or the widows of the soldiers with regard to objections raised against them under the scheme for rehabilitation of ex-servicemen. About seven members, whose cases have been listed in a critical category among 180 cases and related to loans from PFC under the scheme for rehabilitation of ex-servicement during insurgency in the state.

President of the organisation, Lt Col (Retd) Chanan Singh Dhillon said that the ex-soldiers are being harassed by the corporation on various counts. He said that though the government in 2004 waived off all the interest till that year, PFC had not adhered to it. Besides, he said PFC had made the deductions in the principal amount rather than the interest, which should have been done as per the rules.

Speaking on the occasion, Capt (Retd) Gian Singh Rayya from Amritsar said even after the termination of the agreement with PFC, the corporation has been sending him letters to pay the balance amount of the loan which he had already been returned. He added that even the objection was raised four years later and the corporation added interests for this period too.

Another ex-serviceman, Subedar (Retd) Kulwant SIngh from Dakha village, said he had taken a Rs 4.34-lakh loan for buying a truck and though he returned more than half the amount, PFC did not issue the permit after five years and the vehicle could not be used for any income generation.
Ex-Servicemen rue ‘harassment’ by PFC

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