Types of Benefit and Eligibility
Types of Benefit | Eligibility | Eligible Amount | Form | Documentary Support
The purchase of a site for the construction of a house | 5 Years of membership of the Fund (Minimum balance in member's account should be Rs. 1000/-) | 24 months wages (Basic & DA) | No.31 and Declaration Form, Bank Details of Seller | A declaration from the member that the dwelling site or dwelling house/flat or the house under construction is free from encumbrances and the same is under the title of the member or the spouse (notification dated 25.2.2000).
- The purchase should be in favor of the member or member & spouse. OR Member's own share of contribution + Company's share of Contribution with interest thereon.
The Construction of House | 5 Years of membership of the Fund | 36 months wages (Basic+DA) | No.31 and Declaration Form, Bank Details of Seller | Same as above. Photocopy of the plan approved by the collector's office or Municipal Corporation or the local Bodies as the case may be.
- OR (Minimum balance in member's account should be Rs. 1000/-) Member's own share of contribution + Company's share of contribution with interest thereon.
- The purchase should be in favor of the member or member & spouse.
The purchase of a dwelling flat | 5 Years of membership of the Fund | 36 months wages (Basic+DA) | No.31 and Declaration Form, Bank Details of Seller | A declaration from the member that the dwelling site or dwelling house/flat or the house under construction is free from encumbrances and the same is under the title of the member or the spouse (notification dated 25.2.2000).
- OR (Minimum balance in member's account should be Rs. 1000/-) Member's own share of contribution + Company's share of contribution with interest thereon.
- The purchase should be in favor of the member or member & spouse.
Additions, Alterations, or Improvements to the Dwelling House | 5 years from the date of completion of the dwelling house | 12 months basic or member's own share of contribution with interest thereon. | No.31 and Declaration Form
68 BB: Repayment of Loan
Types of Benefit | Eligibility | Eligible Amount | Form | Documentary Support
Advance from the fund for repayment of loan | 10 years membership of the fund & member should have taken a loan from Govt. Body | 36 months wages (Basic + DA) | No.31 | A certificate from the lending authority furnishing the details of the loan and outstanding amount if they are ready to accept premature payment. Payment shall be released to Bank Only.
- OR Member's own share of Contribution + Company's share of Contribution with interest thereon.
68 J: Advance from Fund for Illness
Types of Benefit | Eligibility | Eligible Amount | Form | Documentary Support
Advance from the fund for illness viz. hospitalization for more than a month, major surgical operation, or suffering from TB, Leprosy, Paralysis, Cancer, Heart ailment, etc. | Stay in Hospital at least for a month | 6 months wages (Basic + DA) | No.31 | A certificate from the Medical Practitioner for hospitalization or operation. In case of serious diseases, from the specialist.
68 K: Advance from the Fund for Marriage
Types of Benefit | Eligibility | Eligible Amount | Form | Documentary Support
Advance from the fund for Marriage of self/son/daughter/sister/brother etc. | 7 years membership of the fund & minimum balance in member's account should be Rs. 1000/- | 50% of member's own share of contribution | No.31 | Declaration by the member which is attested by the employer. Certificate from the Institution regarding the course of study and anticipated expenditure.
Advance from the fund for education of Son/Daughter
68 L: Advance in Abnormal Conditions
Types of Benefit | Eligibility | Eligible Amount | Form | Documentary Support
Grant of advance in abnormal conditions, Natural calamities, etc. | Certificate of damage from appropriate authority. | Rs. 5000/- or 50% of member's own share of contribution (To apply within 4 months) | No.31 | Certificate from the Appropriate Authority. Certificate from the State Govt.
- State Govt. declaration.
68 M: Advance to Member Affected by Cut in the Supply of Electricity
Types of Benefit | Eligibility | Eligible Amount | Form | Documentary Support
Grant of advance to members affected by cut in the supply of electricity | The advance may be granted only to a member whose total wages for any one month commencing from the month of January 1973 were 3/4th or less than 3/4th of wages for a month | Wages for a month | No.31 | Certificate from State Govt. regarding cut in the supply of electricity.
- OR Rs.300/-
68 N: Grant of Advance to Members Who Are Physically Handicapped
Types of Benefit | Eligibility | Eligible Amount | Form | Documentary Support
To Physically Handicapped member for purchase of equipment required to minimize the hardship on account of handicap. | Production of medical certificate from a competent medical practitioner to the effect that he is physically handicapped | Basic wages + DA for six months | No.31 | Certificate from the Medical practitioner to the effect that the member is physically handicapped.
- or own share of contribution with interest or cost of equipment whichever is least.
Note: For calculation/computing the period of membership U/P 68B, 68BB, 68K, total service exclusive of periods of break under the same employer before the scheme is applied to him, as well as period of membership of the fund is always included.