Odisha News Insight

Odisha Govt intensifes drive against Chit Fund Companies

ONI Bureau:  The State Level Coordination Committee (SLCC) functioning under the chairmanship of Chief Secretary Aditya Padhi has intensified its awareness drive against the illegal money collection activities of the cheat fund companies.

The details of the activities were discussed in 14 th meeting of the committee held in secretariat conference hall today afternoon. Reviewing the progress, Padhi directed the marketing intelligence wing to strengthen their activities and keep strict vigil over the duping activities of the non-banking companies.

The Superintendents of Police and Collectors of various districts were asked to keep strict vigil over the activities of the non-banking financial entities including multi-state cooperative societies and fake insurance companies who are trying to cheat people. The Inspector In-charge of all police stations and SPs were asked to give a monthly report about these activities in their respective jurisdictions and take stringent actions to prohibit those.

The issues relating to the new ways adopted by some illegal entities for duping the people, collection of public money by multi-state cooperative societies, misusing the name of branded companies for collecting money were discussed and the strategies were worked out to check such activities.

Discussions in the meeting reveal that awareness messages about false promises of cheat fund companies have been sent through mobile SMS to all subscribers of the four telecom service providers namely Aircel, BSNL, Reliance, Jio and Airtel. The messages are being sent by Reserve Bank of India from sender-id “ RBISAY”. RBI has also covered Gajapati and Boudh district with door-to- door leaflet distribution in collaboration with India Post.

The sensitization sessions for police officials and awareness campaign for college students are also being conducted at ditrict level. The meggages are also being spread through SHGs and Regulated Marketing Committees for wider awareness among the farmers and villagers.

A toll free telephone bearing the number 1800-345- 7154 has been operationalized at RBI, Bhubaneswar for receiving calls from complainants regading unauthorized money collection activities. So far 146 enquiry calls about the companies have been received and replied through the phone. RBI is also taking steps to make people aware about fake phone calls and e mail messages regarding ‘wining of prize’, ‘lucky number’, ‘prize scheme for mobile’ etc.

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