From THE HINDU. 18 Sep 2011, Page 9.
Big Hike in cash component for gallantry award winners.
The State ( Tamil Nadu ) Govt has increased manifold, the quantum of cash awards for recipients of gallantry awards, as follows :---
Award Present Amount New Amount.
( Rs ) ( Rs )
PVC 22,500 15 Lakhs.
MVC 15,000 10 Lakhs.
Vr C 7,000 7.5 Lakhs
Ashok Chakra 20,000 12 Lakhs.
Kirti Chakra 12,000 8 Lakhs.
Shaurya Chakra 5,000 5 Lakhs.
More Benefits for ESM working in T N Ex-Servicemen Corporation ( TEXCO )
The Tamil Nadu Govt has also announced the following benefits for the 8,500 ESM, employed by TEXCO :--
a ) Insurance cover upto Three Lakhs, under Personal Accident scheme.
b ) Rs 1.78 crore will be invested annually under the Group Superannuation Scheme.