Tamil Nadu---> Big Hike in cash component for gallantry award winners - Indian Military Veterans

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    Sep 21, 2011

    Home Lateset News Tamil Nadu---> Big Hike in cash component for gallantry award winners

    Tamil Nadu---> Big Hike in cash component for gallantry award winners


    From THE HINDU. 18 Sep 2011, Page 9. 

    Big Hike in cash component for gallantry award winners.

    The State ( Tamil Nadu ) Govt has increased manifold, the quantum of cash awards for recipients of gallantry awards, as follows :---

    Award                          Present Amount                        New Amount.
                                               ( Rs )                                     ( Rs )

    PVC                                  22,500                                   15 Lakhs.

    MVC                                 15,000                                    10 Lakhs.

    Vr C                                   7,000                                      7.5 Lakhs

    Ashok Chakra                   20,000                                     12 Lakhs.

    Kirti Chakra                       12,000                                      8 Lakhs.

    Shaurya Chakra                  5,000                                       5 Lakhs.

    More Benefits for ESM working in T N Ex-Servicemen Corporation ( TEXCO )

    The Tamil Nadu Govt has also announced the following benefits for the 8,500 ESM, employed by TEXCO :--
    a ) Insurance cover upto Three Lakhs, under Personal Accident scheme.
    b ) Rs 1.78 crore will be invested annually under the Group Superannuation Scheme. 
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