Amendment status not verified — confirm the current text below against the official source.
(1) The Government may, by notification in the Gazette, frame a Scheme to be called the Beedi and Cigar Workers' Welfare Fund Scheme for the establishment of a Fund under this Act for employees and self-employed persons in beedi and cigar industry and there shall be established, as soon as may be after the framing of the Scheme, a Fund in accordance with the provisions of this Act and the Scheme. (2) There shall be credited to the Fund,- (a) the contribution specified under section 5; (b) grants or loans or advances made by the Government of lndia or the State Government or any authority or institution; (c) any donation from whatever source; (d) any amount raised by the Board from other sources to augment the resources of the Board; (e) penalties and fines realised or imposed under sections 19, 20 and 21. (3) The Fund shall vest in, and be administered by, the Board constituted under section 7. (4) Subject to the provisions of this Act, the Scheme may provide for all or any of the matters specified in the Schedule. (5) The Fund may be utilised for all or any of the following purposes, namely:- (a) for payment of pension,- (i) to a person who, immediately before the commencement of this Act, was an employee or self-employed person for a continuous period of not less than three years and has completed the age of fifty-eight years; and (ii) to a member who is paying contribution to the Fund continuously for a period of not less than three years and has completed the age of fifty-eight years; (b) for payment of educational assistance to the children of the members; (c) for payment of medical benefits to the members and their family; (d) for payment of financial assistance to the members for constructing houses for their residential purposes; (e) for payment of financial assistance to the dependents of the members who die in harness; (f) for meeting the administrative expenses of the Board; (g) for any other purposes as may be provided in the Scheme. (6) The Scheme framed under sub-section (1) shall be laid, as soon as may be after it is framed, before the Legislative Assembly while it is in session for a total period of fourteen days which may be comprised in one session or in two successive sessions and, if before the expiry of the session in which it is so 1aid or the session immediately following, the Legislative Assembly makes any modification in the Scheme, the Scheme shall thereafter have effect only in such modified form; so however that, any such modification shall be without prejudice to the validity of anything previously done under the Scheme.