INDIAN NAVAL BENEVOLENT ASSOCIATION The Indian Naval Benevolent Association is a charitable organization registered under the Societies Registration Act XXI of 1860. The primary object of the Association  is to render financial assistance  to relieve hardship distress of  Serving as well as released/retired naval personnel and their families. A serving member with minimum of three years service must satisfy the following conditions to be eligible for a loan.               (a)   A maximum of five loans are admissible in the entire service career.               (b)   Loan for self marriage would be granted to member who is 25 years of                      age or more.               (c)   Not  more  than  two loans  are permitted for daughter/sister’s marriage                     subject to overall limit  of  five loans  in  entire career and age should                     be more than 18 years. The details of loans and grants are as follows:-   (a)  Loans (All amount are in Rupees):- Purpose Officer Sailor Rate of Interest.(p.a)  i)    House Repairs (Normal ) 50,000 40,000 8.5% ii)  House Repairs (Natural Calamity) 50,000    40,000 Nil iii)  Daughter Marriage (maximum 2 daughters) 50,000 40,000 8.5% iv)  Sister Marriage (maximum 2 sisters) 50,000 40,000 8.5% v)  Self Marriage 100,000 50,000 8.5% vi)  Higher Education of children 8,00,000 8,00,000 8.5% vii) Education loan for self/ sister/ spouse     50,000 8.5%     (b) Grants (All amount are in Rupees):- Purpose Officer   Sailor   Remarks (i)    House Repairs (due to natural calamities like earthquake, floods etc). 30,000 30,000 Only for houses owned by self/spouse (ii)   Ex-gratia grant to NOK on death whilst in service. (i)    Married 20,000 10000 Disbursed locally by Commands/Area/Establishment     (ii)   Unmarried 20,000 10,000 (iii)  Purchase of     special equipment like hearing aids   for self, wife and children. 3,000 3,000 Maximum up to three times. (iv)  Wheel Chair for disabled 3,000 3,000 Amount decided by      Administrators. (vi)  Ph.D Qualification.  30,000 30,000 Qualifications acquired by member on his/her own accord and expense (vii) M.Phil Qualification 10,000  10,000 -do- (viii) Incentive for Proficiency in Sports and Athletics.                          (i)   State Level   3,000 3,000 For children of serving naval                           (ii)  National Level    10,000 10,000 personnel.                                        (iii) International Level 20,000 20,000     INBA SCHOLARSHIP FOR HIGHER STUDIES FOR CHILDREN    4.                 Eligibility Criteria for Scholarship:- Category   Graduation Course(10+2 marks)Science Humanities Post Graduation Courses(Graduation marks)Science Humanities (a)  Serving Retd. Officers 80%             75% 65%             60% (b)  Serving Sailor’s sons, naval personnel died in harness and ex-sailors (pensioners). 65%            60% 65%            60% (c)  Serving sailor’s daughters.                                                                                    Pass in all subjects in first attempt. (d)  Single Girl Child of serving officers - do –   5.         Renewal of Scholarship:-       At least 60% marks for both science and humanities in                                                                    Graduation/Post Graduation annual examination.    6.                            Rates of Scholarship:- (a)  Boarder  - Rs. 20,000/- per annum       (b)  Day Scholar - Rs. 10,000/-  per annum   Scholarship for Handicapped Children Between ages of 3 to 18 years - Rs. 1000/- pm            EX-NAVAL PERSONNEL 7.         Details of grants to the ex-naval personnel and their families:- Purpose Officers Rs. Sailors Rs. Remarks (a)  On death of naval pensioner 10,000 5,000 Death certificate and pension Particulars to be sent to Secretary, INBA. (b)  Grant for marriage (maximum of two children) 10,000 5,000 For children of naval widows only. (c)  Grant for Economic Activity. 10,000 10,000 For self help economic venture to sailors families. (d)  Scholarship for handicapped children First two school going children (inclusive of normal children) from ages of 3 to 18 years.     (a)   Day Scholar  200/- p.m             200/- p.m     (b)   Boarder 400/- p.m              400/- p.m (e)  Purchase of special medical  equipment for handicapped children. A maximum sum of Rs.4,500/- is payable for purchase of special medical equipment on the recommendation of medical authority.   SPECIAL SCHOLARSHIP SCHEME 8.        For children of Naval Personnel who die while in service            The following are the rates applicable:- Category of Student Rates (Rupees per annum) (a)   Academic Courses          (i) Nursery to KG 5,000        (ii) Class I to VIII 12,000        (iii) Class IX to XII 15,000        (iv) Class IX to XII 15,000        (v) Class IX to XII 20,000 (b) Professional Courses          (i) Engineering/Medical 60,000        (ii) Computer/Management 45,000        (iii) Legal Studies/Vocational 30,000 (c) Boarding / Lodging 40,000 Note:-  Indigent cases not covered  under the above rules are also considered   by the Relief and Finance Committee of the Association on the merits of each case for suitable ex-gratia grants.