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National Foundation for Teachers' Welfare (NFTW) was set up in 1962 under the Charitable Endowments Act, 1890. The main objective of the Foundation is to provide financial assistance to teachers who may be in indigent circumstances. The Corpus Fund of the Foundation consists of an initial contribution of Rs.1,00,000/- by the Central Government and subsequent annual contributions received from the member States/Union Territories. In addition, all the State Working Committees transfer to the Foundation 10% of the collections made on the occasion of Teachers' Day every year. At present, the Corpus Fund stands at Rs.69
crores.
The following schemes for the welfare of teachers all over India are being operated by the Foundation:
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Financial Assistance for Construction of Shikshak Sadans.
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Paid Holiday to Eminent Teachers who have rendered
Meritorious Services.
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Support for Professional Education of Children of School Teachers.
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Financial Assistance (Medical) to Teachers Suffering from Serious Ailments.
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Subsidy to Teachers for Academic Activity.
Under the above Schemes, an amount of Rs.2.85 crores has been disbursed to the teachers through the States/UTs during 2005-06. The Foundation also organises a fund collection drive on the occasion of Teachers' Day on 5th September each year on all India basis.
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