Amrut Madat Nidhee:Financial Help for Faculties and Staff during emergencies.

1. Objectives of the Scheme:

• To support faculties and staff financially during emergency i.e. hospitalization due toaccidents/medicalreasons.
• To support family members of faculties and staff financially during in case of any kind ofdeath.

2. The Context:

The human resource for teaching and learning is very important however, life is not eternal.Theremaybemedical/accidentalemergenciesaswellasprobabilitysuddendeath.Covid-19pandemichad createdpanicsituationfor thefaculties and staff.

3. The Scheme Details:

Amrut Madat Nidhi has been planned by the collective participation with the aim of providing immediate help as a social commitment for the benefit of all the employees of Amrutvahini Engineering College.

Rules for the Scheme: All employees contribution is 100/- per month. Also, as per the decision of the college management, 25% of the total annual accumulated amount as a social commitment will be transferred from the college to the aid fund account in the nectar fund.

• This assistance will be given to each employee only once in his tenure.
• This assistance is equal to 50% of the bill amount or Rs. 50,000 whichever is less.
• Assistance in case of natural or accidental death during the tenure of the employee is Rs.1 Lakh will be given.
• This relief fund will not be given for frequent ailments like fever, cough, typhoid etc. but if the illness becomes more severe, the committee member will have the authority to provide assistance.
• Help will only be for accidents and serious illnesses. The decision of the Board of Directors in this case will be final.
• The employee seeking help will need to submit an attested Xerox of the hospital bill.
• This relief fund is raised by the employee for the employee so does not bring false or unrealistic bills. In case of such suspicion, some members of the Board of Directors will go to the hospital and verify the matter and then help will be given.
• Employees who retire without any assistance will be reimbursed the amount deposited in their name at the time of retirement (without interest).
• Deposits in his name will be refunded to the employee who leaves the job or is fired by the organization before the retirement age.

5. Evidence of Success

Three staff have been expired during Jan 2021 to Dec 2021 and the Amount of Rs. 1 Lakh each given to their family members.

Amrut Madat Nidhee Committee Members are delivering Cheque to Covid-19 Death of Staff Family.

Contribution by Alumni to Amrut Nidhee Fund