To provide financial assistance for education / rehabilitation to physically challenged of employees till they attain 25 years of age. /mentally retarded children of employees till they attain 30 years of age.
The scheme will be effective from 1.10.2006.
Age is increased upto 25 years of. age for Physically Challenged as per circular No.CHO/PMG/43/201112 Dt 26.12.2011.
Age is increased upto 30 years of. age for Mentally Retarded as per circular No.CHO/PMG/17/2022-23 Dt 10-08-2022.
To provide one time financial assistance for purchase of artificial aid/accessories to physically challenged/mentally retarded children of employees.
The scheme will cover children of all regular and confirmed employees of the bank having PFM number.
Amount of Assistance: An amount upto Rs.3000/- p.a. for physically challenged child and amount upto Rs.5000/- p.a. for a mentally retarded child shall be released till he/she attains majority i.e. 25 years of age for the Physically Handicapped and 30 years for Mentally Retarded.
The financial assistance will include Tution/Hostel/Examination fees of special institutions/fees for treatment in rehabilitation institution etc. in case of mentally retarded children.
If the child is both physically challenged and mentally retarded then the assistance will be limited to Rs.5000/- p.a only.
A one time financial assistance of Rs.2500/- shall be released for purchase of certain artificial aid / accessories such as Calliper Shoes / crutches / wheel chair / artificial leg / special hearing aid etc.
The amount of reimbursement against purchase of artificial aid / accessories will be released on the basis of Doctor’s prescription and against production of relevant bills / receipts by the employee.
(Ref. CHO/PMG/29/2012-13 dt.20.11.2012)