Amendment status not verified — confirm the current text below against the official source.
Contribution to the Fund.—Every bamboo, kattuvalli and pandanus worker shall contribute to the Fund 2[fifteen rupees each per month]. (2) Every employer and every producer of bamboo products or kattuvalli products or pandanus leaf products shall, in respect of each bamboo or kattuvalli or pandanus leaf worker, contribute to the Fund 3[fifteen rupees per month]. (3) Every self-employed person shall contribute to the Fund 4[fifteen rupees each per month]. (4) The Government shall contribute to the Fund every year 5[an amount equal to seventy five percentage of the amount contributed] by the bammboo workers, kattuvalli workers and pandanus leaf workers and self-employed persons, by way of grant. (5) The Contribution shall be paid to the Chief Executive Officer or to any officer of the Board authorised by the Board in this behalf. (6) Every dealer shall contribute to the Fund an amount equal to one per cent of their sale proceeds in a year. (7) Every person receiving bamboo, rteeds, cane, kattuvalli or pandanus leaf as raw material from Government for their industrial purposes shall contribute to the Fund an amount equal to two per cent of the total cost of such raw material. 2 Substituted as per Act 23 of 2021 ( w.e.f 03-07-2020). 3 Ibid 4 Ibid 5 Ibid (8) Where the amount of contribution payable under this Act involves a fraction of a rupee the Scheme may provide for the rounding off of the fraction to the nearest rupee.