Life Security Solidarity fund Distribution function

On.14.03.2010, a grand function was held in R.C.Fathima Boys High school, Krishnagiri, in which Rs.85 lakhs was distributed as life security fund to the heirs of the deceased members and also directly to the disabled members, in the presence of Mr. Kulandai Francis Director of IVDP and His family, Mrs.Farida Nawab, chairman Municipality, Krishnagiri, Rev. Fr. Madhalai Muthu, Correspondent, R.C. Fathima Boys High School and State Bank of India, Palacode Manager and Indian Bank, Varattanapalli Manager

Special features:

¨ IVDP- SHG members are eligible

¨ First year entry contribution Rs.100

¨ Subsequent year contribution less than Rs.100/-

¨ Rs.30,000/- for the heirs of the deceased

¨ Rs.15,000/-for members having become disabled.

¨ No.of beneficiaries till 2009: 1378

¨ Total amount given Till 2009: Rs.3.06 crore

¨ Total amount of reserve fund created out of life security fund contribution: 1.06 crore

¨ Compensation earmarked for 2010:

For death Rs. 35,000/-, and for disability Rs.20,000/-