Modi hikes National Defence Fund scholarship assistance
Post by Admin,May 30,2019.
Prime Minister has approved changes to the Prime Minister’s Scholarship Scheme for wards of deceased defence personnel under the National Defence Fund
It has been increased from ?2,000 to ?2,500 a month for boys and from ?2,250 to ?3,000 a month for girls.
Additionally, the ambit of the scheme was widened to cover the wards of State police officials martyred in terror or Naxal attacks.
National Defence Fund
The National Defence Fund was set up to take charge of voluntary donations in cash and kind received for promotion of the national defence effort, and to decide on their utilisation.
The Fund is used for the welfare of the members of the Armed Forces (including Para Military Forces) and their dependents.
The Fund is administered by an Executive Committee, with PM as Chairperson, and Defence, Finance and Home Ministers as Members. Finance Minister is the Treasurer of the Fund and the Joint Secretary, PMO dealing with the subject is Secretary of the Executive Committee.
Accounts of the Fund are kept with the Reserve Bank of India.