TNPSC Thervupettagam

Social security of cooperation dept members

November 30 , 2024 12 days 146 0
  • 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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