Tamil Nadu announces Deepavali bonus for cooperative and transport employees
The state government will spend Rs 49.69 crore to provide bonuses to 44,570 cooperative society employees.
The Tamil Nadu government announced on Monday that employees of cooperative societies, transport departments, and sugar mills will receive Deepavali bonuses. According to a report by Deccan Chronicle, the cooperative department has also procured firecrackers worth Rs 16 crore to sell at subsidised rates.
Workers in profit-making cooperative societies will receive a 20 per cent bonus, while those in other societies under the Bonus Act will receive 10 per cent. Non-profit making societies not covered by the Act will pay an ex-gratia of Rs 3,000, and primary cooperative society workers will receive Rs 2,400.
A total of 44,570 employees will benefit from the cooperative sector exercise, costing the government Rs 49.69 crore. Additionally, 16 cooperative and two public sector sugar mills will pay bonuses to 5,190 workers using a Rs 351.40 lakh allotment.
Subrmania Siva and Kallakurichi II mills will provide an 8.33 per cent bonus and an 11.67 per cent ex-gratia. The remaining 14 cooperative mills and two public sector mills will pay an 8.33 per cent bonus and 1.67 per cent ex-gratia.
In the state transport department, 1,06,001 employees will receive a bonus, with the government incurring an expense of Rs 167.12 crore. The total bonus amount has been debited to the accounts of the employees.