Advise subordinates not to take huge personal loans, Puducherry DGP tells supervisory officers | Puducherry News – Times of India

Advise subordinates not to take huge personal loans, Puducherry DGP tells supervisory officers | Puducherry News - Times of India

Puducherry: Puducherry DGP B. Srinivas has directed the supervisory officers of the department to advise their subordinates not to take personal loans larger than nationalized ones. Banks and other local banks. The DGP’s directive came after the department’s headquarters learned that many police personnel had taken personal loans in excess of their annual salary.
The heavy burden of debt is only going to affect the performance and morale of police personnel. DGP said in a note to the supervisory officers.
“…several lower-ranking officers of the Puducherry police are approaching nationalized banks as well as other local banks for obtaining huge personal loans. It is learned that Debt The amount, in some cases, even exceeded the annual salary of such police personnel. When a few banks refused to give such huge volume of personal loans, it appears that some police officers closed their accounts with their respective bank branches and opened new accounts in other banks which offered them higher interest rates. They used to offer personal loans on interest. ” said the DGP.
The DGP said that taking a personal loan or any other loan is purely a personal choice of the police personnel. “However, it is felt appropriate that the senior formations in the Puducherry Police advise the lower subordinates not to fall prey to the lure of personal loans at high interest as the policemen may not be in a position to repay the installments. which will increase the interest burden on them,” he said.
He directed all the supervisory officers to exhort the lower subordinates to be cautious while procuring such loans. “The SSP (headquarters) and SP (welfare) should henceforth scrutinize all welfare loan applications and verify any pending loans before forwarding and recommending for police welfare loans,” he said. Should do.”

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