Vijayawada: RTC employees urge management to pay dues to CCS

Vijayawada: The APSRTC Employees Union has urged the management to pay Rs 260 crore dues to the RTC Employees Credit Co-operative Society (CCS) to enable the employees to get loans from the CCS.

The EU in a press release on Sunday said the RTC employees had been facing hardships in the lockdown and they were forced to borrow from moneylenders at high rates of interest to meet their financial needs. The EU president Y V Rao and general secretary P Damodara Rao and CCS executive body members said on Sunday that a total of 52,000 members of the CCS had applied for loans, but the CCS has no money to come to the rescue of the employees.

They said they had already submitted a representation to Transport Minister Perni Nani, Principal Secretary of Transport M T Krishna Babu in this regard. They said nearly 3,000 applications of the employees are pending with the CCS. They asked the management to pay at least Rs 100 crore immediately and help the RTC employees get loans from CCS.

The EU leaders said the Credit Co-operative Society would not become bankrupt and it has good reputation since its inception in 1952. They said the CCS is doing good service to the employees and retired employees and depositors need not worry about its financial condition.