Is Chandigarh Municipal Corporation Bankrupt. Withdraws ₹6 Crore from Employee Fund..

Chandigarh : The Chandigarh Municipal Corporation is facing a severe financial crisis, raising concerns about its economic stability. Reports suggest that the civic body is struggling to pay even basic utility bills, including electricity charges. Due to the shortage of funds, the administration has withdrawn ₹6 crore from the employee provident fund to meet expenses. This move has sparked outrage among employees and raised questions about the corporation’s financial management.

Officials confirmed that the municipal corporation has been dealing with a budget deficit for months, with pending dues piling up. The shortage of revenue has made it difficult to cover operational costs, including salaries, infrastructure maintenance, and essential city services. Experts blame mismanagement and lack of effective revenue generation strategies for the crisis.

Employees of the corporation have strongly opposed the withdrawal of funds meant for their future security. Unions have demanded immediate reimbursement and transparency in financial dealings. Many believe that poor fiscal policies and excessive expenditure without proper planning have pushed the civic body into financial instability.

Meanwhile, the Chandigarh administration has assured a review of the situation and is exploring alternative solutions to manage expenses. However, without proper funding and financial restructuring, the crisis may deepen, affecting essential services and development projects in the city. The situation has raised serious concerns among residents, who fear a decline in municipal services due to the financial crunch.