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The Repatriates Welfare Trust was formed in the year 2007 by REPCO Bank with objective of providing welfare measures to Repatriates and their inheritors, heirs. It was created with a corpus fund of Rs.5.00 lakh and the Bank donated Rs.50.00 lakh for the year 2008-09. The Trust consists of 11 Trustees of which 6 are Ex- officio Trustees nominated by the Bank from its official cadre and 5 are from among the Repatriates Delegates. Every year REPCO Bank appropriates certain amount from out of its profits to the Trust fund, which is being utilized towards implementation of the Welfare schemes. |
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The Trust is carrying out the following welfare measures to Repatriates. |
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Free uniforms and notebooks:
Under the scheme the Trust is providing free school uniforms and notebooks to repatriate children studying in various schools. |
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Education Aid:
Education aid is being granted to repatriate students who are pursuing higher education. Presently, the amount of aid sanctioned for various courses is as follows. |
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| Sl.No |
Name of the Course |
Eligible Amount |
| 1 |
Under Graduate / Post Graduate |
Rs.2000/- |
| 2 |
UG & PG with computer science specialization |
Rs.2500/- |
| 3 |
Teacher Training |
Rs.3000/- |
| 4 |
Diploma in Engineering |
Rs.4000/- |
| 5 |
Engineering |
Rs.5000/- |
| 6 |
Medicine |
Rs.7500/- |
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Education loan:
Education loans are being considered to repatriate students for pursuing higher education in accredited institutions in India at nominal rate of interest. Maximum amount of Rs.50,000/- is considered without collateral security and above Rs.50,000/- collateral security is insisted. |
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Top scorer award:
Distribution of Cash award, shield and certificates to repatriate students who secure highest marks in Higher Secondary Board Examinations. |
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Medical Aid:
The Trust provides medical aid to repatriates who are ailing from heart and eye diseases upto Rs.10,000/-. |
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Solatium to Repatriate Delegates:
Solatium is paid to the family members of deceased Repatriate Delegates upto a maximum of Rs.25,000/-.
The Board of Trustees meet periodically and evolve new repatriate welfare schemes from time to time. The trust is continuously endeavoring to provide maximum benefits to repatriates. |
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