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Wholesome Welfare Schemes

Title of the Practice

Wholesome Welfare Schemes

Objectives
  • To provide wholesome welfare schemes for staff and students aimed at enhancing productivity of outcomes.
Context
  • Synergy among various stakeholders is essential for any educational institution to realize its goals of becoming a world class educational institution.
  • Welfare schemes help the institution to achieve a sense of oneness among various stakeholders.
  • Welfare scheme focused not only on financial security, but also on empowering the staff with new age skills and practices help in personal development.
The Practice
  • Wholly self-funded thrift and co-operative credit society to moot savings and for extending credit facility.
  • Group Insurance Scheme for beneficiaries of credit scheme in co-operative credit and thrift society.
  • Contributory PF and ESI scheme to all staff appointed by the management.
  • Group Insurance Scheme for all students fully funded by the college.
  • Endowment prizes for students sponsored by philanthropists to motivate them.
  • Associate membership with ICT Academy for upskilling students and teachers.
  • Fee waiver for teachers for pursuing research in the research centers of our college.
  • Organizing medical camps /health awareness programmes for the benefit of staff and students.
  • de facto aid of Rs.20,000/- released immediately to the kith and kin of deceased employees.
Evidences
  • A total of 190 staff members (both teaching and non-teaching) are member of thrift society
  • Credit line extended to Rs. 4.23 crore through co-operative credit and thrift society (69 beneficiaries)
  • A prize money of about Rs.1,20,000 (on average), generated from the interest accrued out of the corpus Rs.41,00,201 from 174 endowments, is being distributed to students each year
  • A total of 877 teachers and students got benefitted out of FDP / power seminars /entrepreneurship development workshops organized with ICT Academy as an associate member
  • A total of 4 medical camps (including COVID vaccination camps) and 14 health awareness programmes were organized during the last five years
 

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