Financial Grant Regulation 2016

GOVERNMENT OF PUNJAB DEPARTMENT OF DEFENCE SERVICES WELFARE (DEFENCE WELFARE BRANCH) The 2016 Punjab Ex-servicemen Corporation Act, approval of the Punjab Government, Short Title. - These Regulation may Grant) Regulations, 2015. Dependents of the Ex-Servicemen or include his wife, un-emPloyed son exercise of the powers conferred by Section 31 of the 1978 (Punjab Act No. 33 of 1978) and with the prior the Punjab Ex-Servicemen Corporation makes the THE PUNJAB EX-SERVICEMEN CORPORATION 2. Commencement. -- These Regulations shall come into force from the date these are published in Punjab Gazette. 3. Definitions. --- In these Regulations unless there is anythinS repugnant in the subject of context:--- (a) "The Act" means "The Punjab Ex-Servicemen Corporation Act, L978 (Punjab Act No. 33 of 1978)". , i For all purposes, under these rules, an "Ex-serviceman" means a person who is ordinarily residing in Punjab and has served in any rank, whether as a combatant or a non- combatant, in the Indian armed forces or armed forces of the former Indian State (but excluding the Assam Rifles, Lok sahayak sena, Jammu and Kashmir Militia and the Territorial Army) for a continuous period of not less than six months after attestation and has been released, otherwise than by way of dismissal or discharge on account of misconduct or inefficiencv. "Corpiiration" means the Punjab Ex-Servicemen Corporation' Dependents : (c) (d) be called "The Punjab Ex-Servicemen (Financial serving soldier for the purpose of the scheme below 25 Vears, un-employed or un-married daughter, widows, adopted dependent son and adopted un-married daughter residing in the State of Punjab. (e) \Alords and expressions "Board". "Chairman"' "Ex-Servicemen Organizations"' "Government" and 'jManaging Director" have the meaning assigned to them in the Act' 4. Persons entitled to Financial Grant -- (a) Any ex-servicemen or his dependent may apply the corporation for grant of financial grant, if he/she satisfies other conditions, if any, for entitlement of financial grant as laid down by the Corporation' corooration if it satisfies conditions for entitlement of financial grant as laid down by the CorPoration. case to the extent of Rs.50,000/- in each case by a committee consisting of chairman, amount exceeding Rs.50,000/- on case of case basis, will be Board of Directors. This amount will be disbursed from the fund to be created by the Corporation through profits of the CorPoration: various schemes approved by the Board for providing financial Srant to the the Act shall be given to only one such dependents of a family' 5. Scope of Advance of Financial'Grant -- the corporation will provide financial grant to ex-servicemen or his dependent or their orSanizations by giving financial grant : a) To assist ex-sdrvicemen & their dependents to get train ing/education/training in security, vocational or other courses; b) To subsidize the tuition fee payable by ex-servicemen/his dependents attendinS secu rity/vocational training/other courses at PESCO run institutions, army public schools and other academies as approved by the corporation from time to time ; c) To .rrirt th" ex-servicemen admitted in Para-pelagic Rehabilitation Centre, for construction of their dwelling units; d) To give grants to ex-servicemen Para-pelagic Rehabilitation centre run by the Govt.; e) To give grants to ex-servicemen organizations imparting education to wards of ex-servicemen or commission/pre-recruitment training ; 6 source of Funds - - The maximum sum of Rs. one crore will be earmarked from the annual profits earned by the Corporation in the previous year. 7. Allocation of Funds l- Funds shall be allocated in the budget of Corporation every year by the board out of the profits earned by the corporation in the previous year subject to maximum of Rs. one crore between the dependents of ex-servicemen and ex-servicemen organizations as approved by its Board of Directors. 8. Procedure for Grants -- The financial grant may be given in lump sum or instalments. Normally grants be given in instalments except when the grant sanctioning authority consider that it will be in the interest of better utilization by granting it, in lump sum or its proper utilization will be better ensured by granting it in lump sum. The Managing Director will have the discretion to determine the number of instalments, depending upon the circumstances of each case. when the financial grant is being released in instalments, the utilization reports will be obtained from an official of the Corporation specified by Ch airm an/M anaging Director. lf it is found that the financial grant has not been utilized in accordance with in terms of the grants advanced or it has been mis-utilized, the chairman/Ma naging Director will have the power of stopping payment of further instalments of the financial grant. 9. Disbursements of Grants -- The disbursement will invariably be made by Account Payee cheques. However the grants to ex-servicemen organizations can be in kind. 10. Misuse of Grants --- The sponsoring Ex-servicemen Organ ization/lnstitution will be responsible in case misuse of grant is'reported. The whole grant will be recovered from tne ca ndidates/institutions depending upon the nature of case. LT Power of Inspection -- i) Cha irman/Managing Director or any corporation,s nominee shall have the power to su pervise/inspect the object/record for which the grants are taken from the Corporation with a view to ensure proper utilization of grants for which it is granted. The beneficiary shall afford all facilities to the Managing Director or his nominee for sucn inspections. ii) The financial giant amount or installments tliereon must be utilized within two months from the date of disbursement of the grant. Any nominee of the corporation so assigneo may visit and conduct the verification and utilization of financial grant after the completion of two months period. running in the State of Punjab to organizations providing pre- Provided. that the Managing Director shall have the authority to extend such period in case of hardship to enable the beneficiary to make best use of the financial grant Siven to him subject to an extension of maximum of six months period from the date of disbursement of grant. The beneficiary shall furnish the proof in respect of the utilization of the grant and shall afford all facilities for inspection by the official of the Corporation in case where it is deemed necessary. The Managing Director shall have the discretion to get the utilization of the grant advanced verified through such officials of the Corporation as he may deem fit even after such proof is furnished to the Corporation. I2. Power of interpretation --- In case of any dispute or doubt as to the provisions made in these Regulations or any other Regulation of the Corporation or the interpretation thereof, the Board shall have the final authority to interpret any such provision in so far as such an interoretation is not inconsistent with the act or the Rules made there under and this interpretation shall be final and binding. 13. Repeal : The Punjab Ex-servicemen Corporation (Financial Grant) Regulations,2010 is hereby repealed. Secretary, Department of Defence Services Welfare, Punjab