New Delhi, March 8: Devendra Yadav, President of the Delhi Pradesh Congress Committee, expressed deep concern over the impending closure of the Delhi Finance Corporation (DFC), despite its financial capability, which includes over ₹530 million in cash and bank deposits along with ₹1.93 billion in fixed assets. He highlighted that the DFC is set to stop pension and medical benefits for all pensioners starting December 2025, despite promises made.
Yadav stated that a significant number of employees have worked hard to make the DFC a successful and financially sound corporation, yet they are now being deprived of their pensions and related benefits, leading many to face severe financial crises.
He mentioned that a delegation from the DFC Pensioners Association approached him with their grievances, urging him to raise the issue with Chief Minister Rekha Gupta for a swift resolution. Many pensioners reportedly lack the funds to purchase essential medications for their survival.
Yadav also criticized the ruling BJP for failing to deliver on its promises made in the 2025 Delhi Assembly election manifesto, which included providing 50,000 government jobs to the youth and establishing a Gig Workers Welfare Board. He pointed out that instead of creating new job opportunities, the Gupta government is shutting down a well-functioning DFC, thereby jeopardizing the livelihoods of thousands.
Furthermore, Yadav expressed concerns regarding the potential transfer of the DFC’s CMD office building and ₹550 million to the Delhi government, following the expiration of the CMD, board of directors, and management powers on February 6, 2026. He warned that the government might attempt to portray that the DFC lacks funds for pensions, which is alarming for the interests of DFC pensioners.
He urged Chief Minister Rekha Gupta to release pensions immediately starting December 2025, including future inflation relief, direct payment of Group Provident Fund dues, and the commutation of pensions under the old pension scheme. He also called for the restoration of the medical scheme and the safeguarding of pensioners’ rights, particularly for those who have paid for lifetime medical subscriptions and those who have completed ten years of retirement. Yadav condemned the sudden halt of pension payments without notice, especially when the DFC has sufficient funds available.