Section 276 in Bihar Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Rules, 2005
276. Loan for the purchase of tools.
- An amount of Rs. 5,000/- will be sanctioned as loan to the members of the fund for the purchase of tools. Those who have completed 3 years membership in the fund and those who remit contribution regularly will be eligible for this loan. The beneficiary should not have completed 55 years of age.The loan amount shall be recovered in not more than sixty instalments. An application in Form XL shall be made for this loan with such other documents as may be specified by the Board.
