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Indian Naval Benevolent
Association
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The Indian Naval Benevolent
Association is a charitable organization registered under
the Societies Registration Act XXI of 1860.
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The primary object of the
Association is to render financial assistance to relieve
hardship distress of
Serving as well as released/retired naval personnel and
their families.
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A serving member with minimum of
three years service must satisfy the following conditions
to be
eligible for a loan.
(a) A maximum of
five loans are admissible in the entire service career.
(b) Loan for self
marriage would be granted to member who is 25 years of
age or more.
(c) Not more
than two loans are permitted for daughter/sister’s marriage
subject to overall limit of
five loans in entire career and age should
be more than 18 years.
The details
of loans and grants are as follows:- |
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(a)
Loans (All amount are in
Rupees):-
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Purpose |
Officer |
Sailor |
Rate of Interest.(p.a) |
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i)
House Repairs (Normal ) |
50,000 |
40,000 |
8.5% |
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ii) House Repairs (Natural Calamity) |
50,000 |
40,000 |
Nil |
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iii) Daughter Marriage (maximum 2 daughters) |
1,00,000 |
75,000 |
8.5% |
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iv) Sister Marriage (maximum 2 sisters) |
1,00,000 |
75,000 |
8.5% |
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v)
Self Marriage |
100,000 |
50,000
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8.5% |
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vi)
Higher Education of children |
8,00,000 |
8,00,000 |
8.5% |
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vii)
Education loan for self/
sister/ spouse |
50,000 |
8.5%
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(b)
Grants (All amount are in
Rupees):-
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Purpose |
Officer
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Sailor
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Remarks |
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(i)
House Repairs (due to natural calamities like
earthquake, floods etc). |
30,000 |
30,000 |
Only for houses owned
by self/spouse |
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(ii) Ex-gratia grant to NOK on
death whilst in service. |
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(i) Married |
20,000
|
10000 |
Disbursed
locally by Commands/Area/Establishment |
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(ii) Unmarried |
20,000 |
10,000
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(iii) Purchase of
special equipment like hearing aids for self, wife and
children. |
3,000 |
3,000
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Maximum up to three
times. |
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(iv) Wheel Chair for
disabled |
3,000 |
3,000 |
Amount decided by
Administrators. |
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(vi) Ph.D
Qualification. |
30,000 |
30,000 |
Qualifications
acquired by member on his/her own accord and expense |
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(vii) M.Phil
Qualification |
10,000 |
10,000 |
-do- |
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(viii)
Incentive for Proficiency
in Sports and Athletics. |
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(i) State Level |
3,000 |
3,000 |
For
children of serving naval
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(ii) National Level |
10,000 |
10,000 |
personnel.
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(iii) International Level |
20,000 |
20,000 |
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INBA SCHOLARSHIP FOR HIGHER STUDIES FOR
CHILDREN
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4.
Eligibility Criteria for Scholarship:- |
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Category
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Graduation Course(10+2 marks)Science Humanities |
Post Graduation Courses(Graduation marks)Science
Humanities |
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(a) Serving Retd.
Officers |
80% 75% |
65% 60% |
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(b) Serving Sailor’s
sons, naval personnel died in harness and ex-sailors
(pensioners). |
65% 60% |
65% 60% |
| (c) Serving sailor’s
daughters.
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Pass in all
subjects in first attempt. |
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(d) Single Girl Child
of serving officers |
- do – |
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5.
Renewal of Scholarship:- At least
60% marks for both science and humanities in
Graduation/Post Graduation annual examination.
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6. Rates of Scholarship:- |
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(a)
Boarder |
- Rs.
20,000/- per annum |
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(b) Day Scholar |
- Rs. 10,000/- per annum |
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Scholarship for Handicapped
Children Between ages of 3 to 18 years - Rs. 1000/- pm |
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7.
Details of grants to the ex-naval personnel and their
families:- |
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Purpose
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Officers Rs. |
Sailors Rs. |
Remarks |
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(a)
On death of naval pensioner |
10,000 |
5,000 |
Death certificate and
pension Particulars to be sent to Secretary, INBA. |
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(b)
Grant for marriage (maximum of
two children) |
10,000 |
5,000 |
For children of naval
widows only. |
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(c)
Grant for Economic
Activity. |
10,000 |
10,000 |
For self help economic
venture to sailors families. |
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(d) Scholarship for handicapped
children |
First two school going children (inclusive
of normal children) from ages of 3 to 18 years. |
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(a) Day Scholar
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200/- p.m |
200/- p.m |
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(b) Boarder
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400/- p.m
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400/- p.m |
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(e)
Purchase of special medical
equipment for handicapped children. |
A maximum sum of Rs.4,500/- is payable for
purchase of special medical equipment on the
recommendation of medical authority. |
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SPECIAL SCHOLARSHIP
SCHEME |
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8. For
children of Naval Personnel who die while in service
The
following are the rates applicable:- |
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Category of Student |
Rates (Rupees per annum) |
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(a) Academic Courses |
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(i)
Nursery to KG |
5,000 |
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(ii) Class I to VIII |
12,000 |
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(iii) Class IX to XII |
15,000 |
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(iv) Class IX to XII |
15,000 |
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(v)
Class IX to XII |
20,000 |
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(b)
Professional Courses |
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(i) Engineering/Medical |
60,000 |
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(ii) Computer/Management |
45,000 |
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(iii) Legal Studies/Vocational |
30,000 |
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(c) Boarding / Lodging |
40,000 |
Note:- Indigent
cases not covered under the above rules are also
considered by the Relief and Finance Committee of the
Association on the merits of each case for suitable ex-gratia
grants.
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