Section 8 in West Bengal Tea Plantation Employees' Welfare Fund Act, 2015
8. Application of fund.
- The fund constituted under this Act shall he utilized for the following purposes-(a)to provide interest subvention and/or matching grants to the employers of tea gardens as soft loan which they may take for undertaking social welfare schemes viz. medical facilities, housing, primary education, potable water supply, sanitation and.child care and for providing other basic amenities for the families of tea plantation employees;(b)to provide scholarship to the children of tea garden employees for undergoing training in the technical institutes, Polytechnics and other higher courses;(c)to provide margin money as a soft loan to incentive the present owners or the new owners of the sick and closed tea gardens to infuse additional capital through hank loan for rejuvenation and modernization of the tea gardens.Explanation. - For the purpose of this section the interest of soft loan shall be such as may be notified by the Government from time to time.
