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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