Singareni workers worried for not adding interest for Rs.10 lakhs loan

Godavarikhani-16 : The Singareni Coal mine workers are expressing worry over not adding the interest along with the salary into their bank account as promised by the management of the Singareni Collieries Private Limited for the loan they taken for constructing the houses.

It is to be noted that the Chief Minister K Chandrashekar Rao had promised the Singareni Coal mine workers that the government would sanction a loan amount of Rs.10 lakhs to them for construction of houses and issued orders to the management to take measures in accordance with and to pay interest for the loan amount taken by the coal mine workers.

As many as 3,000 members applied for the loans in the concern banks, as the amount is about to be sanctioned through the Banks. The management of the Singareni Collieries Private Limited issued a circular three months back for sanctioning of interest additionally along with the salary of coal mine workers.

The management said that the interest for the loan amount will be added into the bank accounts of the coal mine workers who had sanctioned with loan from the May month onwards. But the interest amount is not added in the bank account in May, the workers got their salary without interest for the loan they had taken as promised by the CM KCR and management of the Singareni Collieries private limited.

The farmers are expressing worry over not adding the interest for the loan they had taken and are urging the workers unions along with TRS party recognised union Telangana Boggu Gani Karmikula Sangham (TBGKS) to take initiation for solving the issue.

If the issue is not solved immediately, many coal mine workers who had taken loan will face severe problems as the money would be deducted from their salary account as it had happened in this month of May, they expressed concern by one of the Coal mine workers of Singareni Collieries Private Limited.