FICCI-Shraddhanjali Jawan Trust

Following the Kargil war in July 1999, FICCI in partnership with its member companies organized a major fund raising event named "Shradhanjali". This event was graced by the Hon'ble President, the Prime Minister, the three Chiefs of Staff and several Union Ministers and Secretaries to the Government of India.

The total expenses for organizing the Shradhanjli Concert were met by FICCI and its member-companies. Rupees 1.10 Crores raised by way of souvenir advertising, ticket sale and sponsorships were used to set up a corpus for the FICCI-Shraddhanjali Jawan Trust.

The interest earnings of the corpus fund are used to provide financial assistance to the persons recommended by Army Central Welfare Fund, IAF Central Welfare Fund, and Indian Naval Benevolent Association in the ratio of 85: 15: 05 respectively. The financial help, through very modest, is important in the sense that it goes mostly to those families who would otherwise not qualify for any Government or official help. The administrators of these funds, who are also members of the Trust, distribute the actual benefit to the selected families.

For this year's disbursal, the Trustees met on the 17th of August 2005 at FICCI, and decided to provide Rs. 8.65 lakhs to the three funds in a ratio of 85:15:05 to Army, Air Force and Navy. The meeting was attended by the Administrators of the funds, President of FICCI, Mr. Onkar Singh Kanwar, Vice President, FICCI-SEDF, Mr. Arun Seth and Secretary General FICCI, Dr. Amit Mitra.