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Cabinet Committee on Economic Affairs (CCEA) today approved the enhancement of monthly wage limit from Rs.2500/- to Rs.3500/- with effect from April 1, 1993 instead of February 5, 2002 under the Textile Workers’ Rehabilitation Fund Scheme (TWRFS).
The main features of the scheme are:
(i) The relief under the Scheme is available for a period of 3 years on a tapering basis, but will not extend beyond the date of superannuation of any worker.
(ii) The Scheme is applicable to a closed textile unit, which is licensed or registered under the Industries (Development & Regulation) Act, 1951 or with the Textile Commissioner as medium scale unit on the day of its closure.
(iii) Requisite permission for permanent closure of the unit has been obtained from the State Government
(iv) The unit was closed on or after June 6, 1985.
The TWRFS was made operational on September 15, 1986. The Scheme provides for an interim relief for transitional adjustments to the workers who lost their jobs as a result of closure of mills, to enable them to settle in another employment. Since its inception upto March 31, 2005, a total of 43 mills having 95,381 workers on rolls have been found eligible under the Scheme. An amount of Rs.172.84 crore has been disbursed to 75,758 workers. This indicates that a large number of workers are still to get the benefits and a large chunk of them are out of the purview only because the wage drawn by them is more than Rs.2500/- per month, which has been the ceiling limit for wages before February 5, 2002.
DS/HK/LV
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