Sunday 13 May 2012

Indian Community Welfare Fund

The Government of India provides budgetary support for the setting up of the fund in Indian Missions with allocations ranging from Rs.5-15 lakh So far as the corpus of such fund is concerned. The Ministry’s contribution is initially for a period of 3 years or till the period the fund becomes self sustaining whichever is earlier. The amount is released annually and is limited to meet the deficit in the financial resources of the Missions, with due regard to the utilization of the amount released during previous years. Funds raised by the Indian Missions by levying a service charge on Consular Services and voluntary contributions by the Indian community. 

This information was given by the Minister of Overseas Indian Affair, Shri Vayalar Ravi in a written reply in the Rajya Sabha today

You May Also Like


Popular Posts