Po­lice set to give ‘startup’ loans for cops’ chil­dren

Hindustan Times ST (Mumbai) - - HTMETRO - De­ba­sish Pan­i­grahi

MUMBAI: Tak­ing a leaf out of the Cen­tre’s Startup In­dia ini­tia­tive, the Ma­ha­rash­tra Po­lice has launched its own skill de­vel­op­ment scheme — Kaushalya Vikas Yo­jna (Skill De­vel­op­ment Pro­gramme)— for the chil­dren of con­sta­bles, and lower rung of­fi­cials, with poor aca­demic per­for­mance.

“The scheme is es­sen­tially meant to en­cour­age chil­dren from our po­lice fam­i­lies who want to start their own busi­ness or shop by pro­vid­ing them ini­tial fi­nan­cial as­sis­tance,” said Anup Ku­mar Singh, In­spec­tor Gen­eral of Po­lice (IG), ad­min­is­tra­tion. As per the scheme, which was launched ear­lier this month, a ₹1 lakh in­ter­est-free loan would be pro­vided to in­di­vid­u­als try­ing to set up their own startup. “The waiver on in­ter­est will be for the first two years. Af­ter­wards, a nom­i­nal amount would be charged as in­ter­est,” Singh said.

The enterprise could range from mo­bile sales/re­pair shop, elec­tri­cal/hard­ware store to car/ bike garage or pho­to­copy shops. “It can be any skilled ini­tia­tive that will help the per­son to earn a liveli­hood and pro­vide fi­nan­cial se­cu­rity,” Singh said. Only the wards of con­sta­bles, po­lice naiks, head con­sta­bles and As­sis­tant Po­lice Sub-in­spec­tors (ASI) are el­i­gi­ble for this scheme.

A se­nior of­fi­cial from the Direc­tor Gen­eral of Po­lice (DGP) of­fice said only one ward from a fam­ily can ap­ply for the loan.

He said the nine po­lice com­mis­sion­er­ates and 36 SP of­fices have al­ready been dis­bursed the re­quired grants to flag off the scheme. “An­nu­ally 15 per­sons would avail of the fa­cil­ity in each of the com­mis­sion­er­ates, while 10 ben­e­fi­cia­ries would be se­lected by each of the 36 SPS,” Singh added. This would mean 495 in­di­vid­u­als would ben­e­fit from the scheme ev­ery year.

A con­sta­ble posted in a sub­ur­ban po­lice sta­tion in Mumbai said, “Set­ting up a ven­ture in cities like Mumbai, Pune or Nag­pur in­volves more in­vest­ment as com­pared to places like Satara or Nan­dur­bar,” the con­sta­ble said.

An­other con­sta­ble posted in a Thane (ru­ral) po­lice sta­tion said, “With that amount, one can at least pay the se­cu­rity de­posit and rental for some months for a small shop. It can be used to start a busi­ness on a part­ner­ship ba­sis,” he said.

Con­sta­bles and lower-rung staff (ASI in­cluded) con­sti­tute over 95% of the 2.25-lakh-strong Ma­ha­rash­tra Po­lice.

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