Welfare Schemes for Employees :
A) Scholarship
For : Schedule Caste/ Schedule Tribe Employees
| S.No. | Class | Amount of scholarship on obtaining 36% to 45% marks(Rs.) | Amount of scholarship on obtaining 46% to 60% marks(Rs.) | Amount of scholarship on obtaining more than 61% marks(Rs.) |
| 1 | On passing secondary examination | 500/- | 750/- | 1000/- |
| 2 | On passing senior secondary examination | 1000/- | 1500/- | 2000/- |
| 3 | On passing graduation examination | 1750/- | 2630/- | 3500/- |
| 4 | On passing final year post-graduation examination |
1750/-
|
2630/- | 3500/- |
| 5 | On passing vocational/ technical examination | 2750/- | 4130/- | 5500/- |
Reimbursement of Cost of Study Material (Annually)
| 1 | Class 1 to 8 | Rs 250/- |
| 2 | Class 9 to 10 | Rs 300/- |
| 3 | Class 11 to 12 | Rs 350/- |
| 4 | Graduation | Rs 450/- |
| 5 | Post graduation/ Vocational and Technical Education | Rs 550/- |
For : Other than Schedule Caste/ Schedule Tribe Employees
| S.No. | Class | Amount of scholarship on obtaining 36% to 45% marks(Rs.) | Amount of scholarship on obtaining 46% to 60% marks(Rs.) | Amount of scholarship on obtaining more than 61% marks(Rs.) |
| 1 | On passing secondary examination | 380/- | 570/- | 750/- |
| 2 | On passing senior secondary examination | 750/- | 1130/- | 1500/- |
| 3 | On passing graduation examination | 1500/- | 2250/- | 3000/- |
| 4 | On passing final year post-graduation examination | 1500/- | 2250/- | 3000/- |
| 5 | On passing vocational/ technical examination | 2500/- | 3750/- | 5000/- |
Reimbursement of Cost of Study Material (Annually)
| 1 | Class 1 to 8 | Rs 200/- |
| 2 | Class 9 to 10 | Rs 250/- |
| 3 | Class 11 to 12 | Rs 300/- |
| 4 | Graduation | Rs 400/- |
| 5 | Post graduation/ Vocational and Technical Education | Rs 500/- |
B) Tuition fee reimbursement (For 2 Children)
Up to Class 10 Rs. 100/- Per month
From Class 11 to Graduation Rs. 200/- Per month.
There is no age bar for payment of Tuition Fee for the children of SCs/STs whereas for the children of general and other categories, 21 years age limit is fixed.
C) Group Term Life Insurance Policy
Company has taken a Group Term Life Insurance Policy from TATA AIA LIFE INSURANCE COMPANY LIMITED , NEW DELHI which protects the family of the employees in case of premature death.
Group Term Life Insurance Policy
D) Pension Scheme
Company has implemented a pension scheme for the benefit of the employees.
Pension Scheme
E) FAGMIL WORKMEN SPECIAL WELFARE FUND
The Special Welfare fund has been created in the company for the welfare of workmen of FAGMIL.
Special Welfare fund is created to look after the welfare of workmen . This fund comprises of contribution from both Workers and Management side. In this fund, all the workers of FAGMIL are members of the fund and contributes an amount of Rs. 10/- per month from their salary and Management contributes Rs. 1000/- per month for creation of the special welfare fund. Rs. 10/- is deducted from the monthly salary bills of the workers.
F) Medical Policy for retired employees
FAGMIL has implemented medical policy for its retired employees.