SCHOLARSHIP FOR CHILDREN OF WIDOWED MEMBERS OF IVDP SHGS
The Children of widowed members of IVDP SHGs have been given the scholarship of Rs.10,000/- each. This scholarship makes the children to continue their higher studies even after the demise of their father.
FEATURES OF THIS SCHOLARSHIP
- Given to poor SHG members only
- More than one child from the same family can avail this scholarship.
- The College students have to pass all their subjects in the previous semester/years.
LIFE SECURITY FUND
Women are the home makers, when the family suddenly loses the bread winner of the family, it breaks the back bone of the entire family. In this grave situation the IVDP and its members not only share their condolences and feelings, but also support their families with reasonable contributions. This is how the IVDP SHG members reflect their joint responsibility in their groups.
The Life Security fund is given to the nominees of the deceased members every year.
Special Features Of LIFE SECURITY FUND
Rs. 50,000 for the nominees of the deceased members and
Rs. 25,000 for permanent disability in accident..
Rs. 5,000 is given to the decease family towards the funeral expenses.
What Is Life Security Fund (LSF) ?
To show the solidarity and sympathy towards their fellow members, within the limits of the cluster level.
At the time of joining, a member has to contribute Rs. 100 as an entry fee for LSF. The total collection of this amount is kept as a fixed deposit in the name of IVDP LSF.
Every year the amount disbursed as LSF will be equally contributed by all the SHG members who have enrolled in the IVDP-LSF scheme.
Life Security Fund is created to support the family depends after the demise of the member.
This is a different form of life insurance.
A lump sum is given to the nominee of the deceased and to the member who is permanently disabled in an accident.
This scheme is in existence since 2001.
This scheme is applicable only for IVDP-SHG members.
The new member’s subscription is credited first in to their respective SHG accounts and then transferred to IVDP-SHG monitoring fund Account.
Every year from January to December a list of the deceased members and permanently disabled after accident if any are prepared and relief fund is given.
Conditions for receiving LSF
The diseased member should have paid their LSF entry fee of Rs. 100.
Death Certificate has to be produced.
_Natural and accident deaths will be covered under the scheme.
Suicidal death is not eligible.
A member who has left the group is not entitled for LSF even if she has paid the LSF subscription. (At the time of death she must be a member in IVDP-SHG)
Only the nominees proposed by the group members are eligible for receiving LSF.
Group Resolution in this connection has to be submitted to the respective cluster level federation.
IVDP KOSELAY AWARD FOR CHILDREN OF SHG MEMBERS.
IVDP Self Help Group member’s children securing more than 90% of marks in 10th and 12th standard Govt. examinations are eligible for this award. The Award carries one gram Gold Medal.
The top 5 rank holder students in 12th Standard will be given “LAPTOP”
The top 5 rank holder students in 10th Standard will be given 4 grams of Gold Medal
EDUCATIONAL SCHOLARSHIP FOR IVDP STAFF MEMBERS’ CHILDREN
The staff members are the soul and back bone of the IVDP’s success. As part of its staff welfare programme, IVDP supports their children’s education through scholarships.
Details of educational scholarships;
1st to 5th Standard Children get Rs. 3,000 each
6th to 12th Standard Children get Rs. 5,000 each
College Students get Rs. 10,000 each
FIRE ACCIDENT RELIEF FUND
The IVDP SHG member’s houses were often affected by the fire accident and lost their house and other properties. The fire accidents suddenly brought all the family members into the street. Further the fire destroys all their savings and valuables including food grains, clothes, house hold articles and children’s educational materials.
To respond to emergency needs and to compensate sudden loss, the IVDP President offers immediate financial help of Rs. 10,000 and clothes to affected families.
MOTHERS DAY IN MEMORY OF THE CO FOUNDER OF IVDP
In memory of the IVDP Cofounder Late Mrs. Koselay Mary Francis, IVDP MOTHERS DAY is observed to remember and honour the sacrifices of great mothers in IVDP. This is instituted as a regular annual event of IVDP to be celebrated on 14th April every year. The young mothers of IVDP Self Help Groups will gather on this day to remember and pay their homage to Mrs. Koselay Mary and to honour IVDP mothers with gifts.