Tamil Nadu Announces Diwali Bonus of Up to 20% for Cooperative Employees

The Tamil Nadu government has announced Diwali bonus and ex-gratia payments of up to 20% for employees working in cooperative institutions across the state.

Employees of cooperative institutions that are not eligible for bonus payments under the Bonus Act and have no surplus funds will receive a 10% bonus and ex-gratia payment.

Diwali Bonus for Cooperative Institution Employees

The government has announced the following benefits:

Up to 20% bonus: Employees of profitable cooperative institutions operating with a limited workforce and not covered under the Bonus Act will receive bonus and ex-gratia payments of up to 20%.

₹3,000 ex-gratia: Employees of non-profitable head-level and central cooperative societies not covered under the Bonus Act will receive ₹3,000 each.

₹2,400 ex-gratia: Employees of non-profitable primary cooperative societies not covered under the Bonus Act will receive ₹2,400 each.

10% bonus and ex-gratia: Employees of cooperative institutions without surplus funds will receive a 10% bonus and ex-gratia payment.

₹49.69 Crore Benefits for 44,573 Employees

According to the Tamil Nadu government`s announcement, a total of 44,573 employees working in cooperative institutions across the state will receive ₹49.69 crore in bonus and ex-gratia payments.

The initiative aims to support cooperative sector employees and help them celebrate Diwali with their families.

The announcement highlights the state government`s efforts to recognise the contributions of cooperative institution employees and provide financial support during the festive season.