|
The Foundation has received Rs.550.00
crores as Corpus Fund from the Govt. of India meaning
thereby that the principal amount remains intact and kept invested in fixed deposit
with banks and the interest accrued on the investment of the Corpus fund is the
fund available to the Foundation to carry out its objective. The Corpus Fund of
Rs.550.00 crores, received from the Govt. of India has
been kept invested as detailed below (as on 31.8.2010):- |
|
S.No.
|
Nature
of Investment
|
Amount
(Rs.in crores)
|
|
1.
|
Govt.
of India
8% saving (Taxable)Bonds
|
5.00
|
|
2.
|
Fixed
Deposit with Corporation Bank
|
99.00
|
|
3.
|
Fixed
Deposit with Oriental Bank of Commerce
|
12.51
|
|
4.
|
Fixed
Deposit with ICICI BANK
|
219.99
|
|
5.
|
Fixed
Deposit with IDBI BANK
|
213.50
|
|
|
TOTAL
|
550.00
|
|
The amount of Corpus Fund of Rs.550.00
crores have been received from the Govt. of India in
different financial years as detailed below: |
|
Sl.No.
|
Year
|
Amount
(Rs.in Crores)
|
|
1
|
1992-1993
|
5.00
|
|
2
|
1995-1996
|
25.01
|
|
3
|
1997-1998
|
40.00
|
|
4
|
2005-2006
|
29.99
|
|
5
|
2006-2007
|
100.00
|
|
6
|
2007-2008
|
50.00
|
|
7
|
2008-2009
|
60.00
|
|
8
|
2009-2010
|
21.66
|
|
9
|
2009-2010
|
93.34
|
|
10
|
2010-2011
|
125.00
|
|
|
TOTAL
|
550.00
|
|
The Foundation has also received
contribution of Rs.5.00 lakh from M/s Hindustan
Petroleum Corporation Ltd. (HPCL) and Rs.2.00 lakh from
M/s Steel Authority of India Ltd. (SAIL) during the year 2008-09 towards Corpus
Fund of the Foundation which has been kept invested in fixed deposit with State
Bank of India. |
|