One of the major factors for success can be attributed to good education. Apart from imparting the skills and knowledge required for the means to sustain, it also effectively cultivates awareness.
With a view to promote awareness for the need of good education, Bilakhia group had taken measures to improve education of Employees children. In order to encourage and motivate the children to aspire higher achievement, Bilag has instituted the following incentive
A. Merit Award : Incentive awarded to children of employees for achievement of higher percentage of marks in their studies. During 2003-04, the company distributed cash awards of Rs. 2,27,550 to children of 241 Employees. We are sure that this will encourage the children of the employees to compete well and score better in their studies.
B. Education Fees : Distributed to employees for meeting education fees of their children. Since April 1, 2002, a total amount of Rs. 16,84,825 has been distributed as per the details hereunder :
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| Year |
No. of Employees Benefited |
No. of Children |
Amount distributed (Rs.) |
| 2001-2002 |
248 |
367 |
3,00,400/- |
| 2002-2003 |
417 |
664 |
7,23,450/- |
| 2003-2004 |
358 |
591 |
6,60,975/- |
C.In addition to the above, since 2001-2002, the company distributed books, pens, pencils, etc worth Rs. 1,41,304 as per the details hereunder :-
| Year |
Amount distributed (Rs.) |
2001-2002
|
31,128/- |
| 2002-2003 |
77,694/- |
| 2003-2004 |
32,482/- |
| Total till date |
1,41,304/- |
|
