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Section 5: Scope of Advance of Financial'Grant

Financial Grant Regulation 2016State Regulations of Punjab · 1978

the corporation will provide financial grant to ex-servicemen or his dependent or their orSanizations by giving financial grant :

a) To assist ex-sdrvicemen & their dependents to get train ing/education/training in security, vocational or other courses;

b) To subsidize the tuition fee payable by ex-servicemen/his dependents attendinS secu rity/vocational training/other courses at PESCO run institutions, army public schools and other academies as approved by the corporation from time to time ;

c) To .rrirt th" ex-servicemen admitted in Para-pelagic Rehabilitation Centre, for construction of their dwelling units;

d) To give grants to ex-servicemen Para-pelagic Rehabilitation centre run by the Govt.;

e) To give grants to ex-servicemen organizations imparting education to wards of ex-servicemen or commission/pre-recruitment training ;

6 source of Funds - - The maximum sum of Rs. one crore will be earmarked from the annual profits earned by the Corporation in the previous year.

7. Allocation of Funds l- Funds shall be allocated in the budget of Corporation every year by the board out of the profits earned by the corporation in the previous year subject to maximum of Rs. one crore between the dependents of ex-servicemen and ex-servicemen organizations as approved by its Board of Directors.

Where this provision sits

ActFinancial Grant Regulation 2016
Section5
Marginal noteScope of Advance of Financial'Grant
JurisdictionState of Punjab
StatusIn force as published by the source

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