Key Points
Mumbai: Far from the world of electoral bonds and chatter of cities, the men and women who carry cash from distant villages, riding two-wheelers along dusty roads, often run into over-zealous poll officials and suspicious cops who seize the money...
So, to avoid delays, inconvenience, and a brush with the law, field officials and BCs are being told to put on their best behaviour, besides being strongly discouraged to carry cash beyond Rs 50,000 during the weeks of election..
While loans are disbursed online, borrowers mostly repay in cash which field agents collect and carry to the nearest branch of the micro-lender before depositing it in a bank..
Earlier this month, Sa-Dhan, an association of micro and impact finance companies, circulated lists of MFI institutions with electoral officers while assuring that its members have been advised that personnel carrying official cash under any circumstances shall not carry any other cash of third-party agencies/individuals...
To avoid hassles, all cash carrying officials are being told to carry their organisations ID and self-KYC, a copy of the organisations registration certificate, and acknowledgement of the copy of the letter to the Chief Election Officer...
