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CISF Announces Major Welfare Boost: Cheaper Loans, Expanded Scholarships, and Better Medical Support for Personnel
The Central Industrial Security Force (CISF) has taken several steps for the welfare of personnel and families. These include loans at low interest rates, an increase in scholarships, better medical assistance, and more benefits for retired employees. The interest rate on personal loans has been reduced from 6% to 3% while medical loans will charge 2% interest.
The Central Industrial Security Force (CISF) has taken several initiatives as a major step to promote the welfare of its personnel and their families. This will include an increase in scholarship opportunities for children, loans at low interest rates, more benefits for retired employees, better assistance for medical treatment, provision of funds for unit-level programs, etc.
CISF informed that the interest rates on personal loans were earlier up to six percent. Now the interest rates have been halved to three percent in all categories, while medical treatment loans will attract only two percent interest. The loan amount has been increased from Rs 3 lakh to Rs 5 lakh in cases like home loans, marriage, etc., while the repayment period has been increased from three years to five years now.
The out-of-pocket expenses on unpaid medical bills under schemes like Ayushman CAPF and CGHS will be fully reimbursed from the Central Welfare Fund. Another important decision has been taken regarding the DG Scholarship Scheme.
