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Jawwad Rizvi
Friday, August 12, 2011
From Print Edition
 
 

 

LAHORE

 

THE Punjab government has raised the marriage grants by 75 to 150 percent for its gazetted and non-gazetted employees besides deciding to give Rs 50,000 scholarships to the staff’s children who scored 90 percent or above marks in the exam in any discipline during their education.

 

The decision was taken in the Provincial Benevolent Fund Board meeting chaired by the additional chief secretary here on Thursday. The meeting was attended by all the members of the board and representatives of non-gazetted employees as well. According to decision, the marriage grant of a non-gazetted employee was increased by 150 percent and fixed at Rs 15,000 per working employee and Rs 20,000 for retired from Rs 6,000 and 8,000 respectively. Similarly, for gazetted employees, 75 percent increase was approved by the chairman of the board. Now the grant for working gazetted employees has reached Rs 40,000 from Rs 25,000 and of a retired employee to Rs 50,000 from Rs 30,000. Disbursement of the new marriage grant would start with effect from the notification. The board also approved giving Rs 50,000 scholarship to bright students of the employees irrespective of their cadre. For this, any student scoring 90 percent marks in any discipline would be eligible to get the scholarship. The new scholarship would be given from the next year. Presently, Rs 3,000 scholarship was given to serving non-gazetted employees’ children scoring 60 percent or above and Rs 6,000 for retired employees’ children while Rs 14,000 for serving gazetted employees’ children and Rs 16,000 for retired gazetted employees’ children. However, no change was made in this regard as it would be continued as per practice. Besides, the board has also asked Provincial Benevolent Fund Board secretary to chalk out the financial impact of increasing monthly grants of employees’ widows. He informed the board that the no actual benevolent fund would be utilised for the enhanced grants but the profit from the invested funds would be spent for the purpose. He said the fund had invested at 13.40 percent annual rate in the Bank of Punjab which would generate extra Rs 512 million next year. Thus, the fund and government would not be burdened at all.

 

The board appreciated the efforts of the secretary Benevolent Fund for the welfare of the Punjab government employees in with existing financial resources in critical crunch time.