Ministry of Culture and Canara Bank signed an MoU

Ministry of Culture and Canara Bank signed an MoU: The Ministry of Culture and Canara Bank signed an MoU for the disbursal of financial assistance to veteran artists under the “Scheme for Financial Assistance for Veteran Artists”. Ministry of Culture has administered a Scheme under which financial assistance of Rs. 6000 per month is provided to artists and scholars above 60 years

Eligibility: Contributed in their specialized fields of performing arts and culture in their active age or are still contributing.

Currently, under the scheme, disbursal of financial assistance in respect of artists selected before 2017 is made through the LIC while for the artists approved post-2017, it is made directly by the ministry, according to an official statement issued by the ministry. It has been noted that the receipt of documents from the beneficiaries often gets delayed resulting in disbursal of the amount as a lump sum instead of being released on a regular basis, it said.