The trust also offers maintenance allowance of Rs 2,500-3,000 per month, book stationery allowance of Rs 6,000-10,000 per annum, laptopdesktop, brailler and hearing aids of Rs 40,00070,000 as part of a scholarship scheme. The eligibility for the scholarship has been fixed at not less than 50% marks in higher secondary graduation level for students.
On Wednesday, the trust members decided to reduce the minimum eligibility for girls to 45% marks obtained in higher secondarygradu ation level exams.
The trust was created on the directions of the Supreme Court and was notified on November 21, 2006. The primary objectives of the trust include promoting employment, scholarships for pursuing technical or professional courses and promoting all-round skill and entrepreneurial development.
The fund is managed by the CAG as it’s chairman and the law secretary and the finance secretary as its members. The corpus of the trust would be the excess amount collected from the banks by way of rounding off interest tax collected from various borrowers under the Interest Tax Act.
The trust with the help of the finance ministry and the Reserve Bank of India has managed to create a corpus of about Rs 260 crores deposited in fixed deposits in nationalized banks. The interest amount earned out of the corpus is being spent on the welfare of disabled persons.