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Social security of cooperation dept members
November 30 , 2024
15 hrs 0 min
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- Tamil Nadu launched three new initiatives — ‘Vergal’ (roots), ‘Vizhuthugal’ (aerial roots) and ‘Siragugal’ (wings) — under the cooperation department.
- Under ‘Siragugal’ scheme, trans persons can avail themselves of loans ranging from Rs 5,000 to Rs 1 lakh at 5% interest rate.
- The loans can be availed by small businesses, self-employed and SHGs.
- ‘Vergal’ offers financial benefits to members of cooperative societies in the event of death, disability and injury.
- The members can avail themselves of a benefit of Rs 1 lakh for accidental death, Rs 50,000 for natural death and Rs 50,000 for permanent disability.
- The Members can subscribe to the scheme by paying a monthly subscription of Rs 100.
- ‘Vizhuthugal’ is aimed at providing the financial assistance to the employees of cooperative societies.
- Family members of employees can avail themselves of the benefit of Rs 5 lakh for accident death, Rs 1 lakh for natural death and Rs 2.5 lakh for permanent disability.
- The staff shall subscribe to the scheme by paying Rs 300 monthly.
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