friend in need is a friend in deed", looks like
an old saying. But there are many facts and
stories to prove it. Similarly an union which
does not come to the rescue of its members when
he is in need of financial assistance cannot be
a complete one. An unique scheme devised for
this purpose to the benefit of the members
KAMADHENU BENEVOLENT FUND.
Some say that this scheme is akin to an
insurance scheme. But it is more than that. The
amount collected from various individual members
is disbursed to one Particular deceased member's
family thereby bonding the relationship between
all members and their families.
The system is very simple. A member is duly
enrolled by paying a meagre one time payment.
Incase of the members death, Sangam comes to the
financial rescue of his family by paying the
benefit entitled to that family. Like any other
scheme this one too has some reasons behind its
implementation. Then Junior Construction Foreman
at Tirunelveli Circle Engineer THIRUVASAGAM who
was the sole bread winner of his family passed
away neither the board nor the Sangam was
prepared to financially assist the family of the
deceased member. This made sangam to think and
that laid the foundation for the birth of this
excellent scheme KBF-I.
Initially the scheme was introduced with a
benefit amount of Rs.10,000 has presently grown
to its fifth phase known as
with a benefit amount of Rs.3,00,000 for which a
member has to pay an amount of Rs.5010/- only
and also an Annual donation amount of Rs.500/-to
the sangam annually.
The Membership amount collected from
the members are well invested in financial
institutions run by the Government and made to
increase multifolded. At present sangam is proud
to have more than 1324 members in the KBF-IV scheme and 3354 members
in KBF fifth scheme.
The growth of this scheme will reap restitution
when more members joined this scheme.
"One today is worth two tomorrow". So members
who are yet to enroll themselves in this scheme
are requested to do so immediately, to save your
family in your absence and also that of your co-
members family. Sangam is prepared and it is
upto you to reciprocate to avail the benefits of
this Excellent Scheme.