(1) The Government may, by notification in the Gazette, frame a scheme to be called “the Kerala Tailoring Workers’ Welfare Fund Scheme” for the establishment of a Fund under this Act for the welfare of the tailoring workers and self employed persons in tailoring work and there shall be established, as soon as may be after the framing of the scheme, a Fund in accordance with the provisions of this Act and the scheme.
(2) There shall be credited to the Fund,-
(a) the contributions specified under section 7;
(b) the amount borrowed by the Board under section 24;
(c) damages realized under section 25;
(d) grants or loans or advances made by the Government of India or the State Government or any institution;
(e) any donations from whatever source;
(f) any amount raised by the Board from other sources to augment the resources of the Board;
(g) fee levied under the scheme;
(h) any other amount which, under the provisions of the scheme, shall be credited to the Fund.
(3) The Fund shall vest in, and be administered by the Board constituted under section 9.
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(4) The Fund may be utilized for all or any of the following purposes, namely:-
(a) for payment of pension,-
(i) to a member who is a member at least for three years and unable to work due to infirmity or has completed the age of sixty years, and
(ii) to a person who before the commencement of this Act was a tailoring worker or a self-employed person for a period of not less than three years and has completed age of sixty years and who suffers from permanent disablement;
(b) for payment of family pension;
(c) for payment of the retirement benefits as may be specified in the scheme;
(d) for payment of financial assistance to a member who suffers from permanent disablement;
(e) for payment of loans or grants to a member to meet expenses for the marriage of daughter; or for expenses in connection with the death of a dependent or for expenses for construction or maintenance of house;
(f) to provide for maternity benefits to women workers;
(g) to provide for the tailoring workers, self-employed persons and members of their families, medical facilities and educational facilities including higher education;
(h) for payment of loan for the purchase of tailoring machines or accessories;
(i) for any other purpose specified in the scheme.
(5) Subject to the provisions of this Act, the scheme framed under sub-section (1) may provide for all or any of the matters specified in sub-section (4) and in the Schedule.
(6) The Scheme shall be laid, as soon as may be, after it is framed, before the Legislative Assembly while it is in session for a total period of fourteen days which may be comprised in one session or in two successive sessions and if, before the expiry of the session in which it is so laid, or the session immediately following the Legislative Assembly makes any modification in the scheme, the scheme shall thereafter have effect only in such modified form; so however that any such modification shall be without prejudice to the validity of anything previously done under the scheme.