` Prime Minister Sheikh Hasina yesterday announced “Baishakhi Festival” allowance and five percent increment for teachers and employees of non-government educational institutions under monthly pay order (MPO).
She made the announcement while distributing cheques of seed money among nine organisations and trust funds at a ceremony at the Gono Bhaban in the evening.
Nearly five lakh teachers and employees of non-government educational institutions, including schools, colleges and madrasas under the MPO, will get the increment and allowance.
An additional amount of Tk 532 crore would be spent annually on meeting the expenses of the increment, while Tk 177 crore would be required annually to provide the special allowance.
The prime minister handed over the cheques of Tk 100 crore to the trust funds and organisations.
She donated Tk 10 crore as seed money to Non-government Educational Institution Teachers-Employees Welfare Trust and Non-government Educational Institution Teachers-Employees Retirement Benefit Board.
Besides, Tk 20 crore was given each to Fire Service and Civil Defence Welfare Trust and Cultural Activists Welfare Fund as seed money.
Hasina also provided Tk 10 crore each as seed money to Bangabandhu National Agriculture Award Trust, Bangabandhu Science and Technology Fellowship Trust and Bangabandhu Sports Activists Welfare Foundation.
She also donated Tk five crore to Imam-Muazzin Welfare Trust and Neuro-Developmental Disabled Protection Trust each.