Three years fixed deposit term Tsunami beneficiary
The decision was taken at a cabinet meeting, aims to help beneficiaries to withdraw funds before your request.
Relax now has been revised, changing the package of emergency assistance for the livestock sector, the tsunami in areas that had been cleared of the Council of Ministers in February 2009.
The decision will benefit those whose compensation amount is fine and those who are old enough and are reluctant to open an account in fixed deposit for a period of 10 years.
The tsunami struck the Andaman and Nicobar Island in 2004.
Under the "Rajiv Gandhi package for rehabilitation of tsunami-affected areas" of Andamand and Nicobar Islands, an amount of Rs 11.81 crore has been allocated for the livestock sector, which consisted of Rs 10.14 crore for replacement of lost livestock.
However, the same revised RS 25.70 crore by the Government in August 2006.
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Subsequently, given the shortage of cattle in the UT, it was decided to compensate the beneficiaries by placing money in fixed deposit for a period of 10 years during which the beneficiaries should be permitted only to draw the interest earned.
It was decided that the principal will be paid at the end of 10 years.
Source: [Zee News]
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