NLC India Limited Organizes Financial Investment Advisory Program for Project Affected Persons

New Delhi:

NLC India Limited (NLCIL), a Navratna company under the Ministry of Coal, Government of India, has taken a commendable step in ensuring the financial well-being of Project Affected Persons (PAPs) by organizing a Financial Investment Advisory Program as per the directives of Chief Secretary, GoTN.

As a responsible corporate, NLCIL engaged officials from the State Bank of India (SBI), Neyveli, and Pondicherry to conduct a two-day financial investment and planning program on June 1 and June 3, 2024, at the Learning and Development Centre (L&DC) in Neyveli for the Land owners /PAPs of Karevetti village.

The program aimed to provide guidance to PAPs on the proper investment of land compensation amounts received from the District Administration.

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The program was inaugurated by Shri Jasper Rose, ED/Mines & Land, who felicitated the inaugural session. Shri Srinivasa Raghavan, GM/ Land, and Shri M Sekar, DGM/Land participated in the program and facilitated the proceedings.

The program was attended by more than 60 land owners / beneficiaries who had received a total Land compensation of approximately Rs. 15.39 crores for about 6.28 hectares of land acquired by NLCIL from the Land owners of Karevetti village. The program provided valuable insights and advice to the PAPs on how to invest their Land compensation amounts appropriately/safely for them and their family’s future financial security.

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The participant PAPs appreciated NLCIL management and its Land Department for having organised such program at an appropriate time and beneficial for their secured future. To ensure the comfort and convenience of the PAPs, NLCIL provided lunch, snacks, and transportation facilities to the Land owners/PAPs.

NLCIL has demonstrated its commitment and dedication towards the well-being of PAPs in empowering and supporting those affected by its project by providing commendable financial investment advisory services.

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