Utilization of fund

(1) The funds of the Board shall be utilized for meeting,- (a) the administrative expenses of the Board in the discharge of its function as may be resolved by the board and to meet the expenditure towards IEC activities of the scheme. (b) salaries, allowances and other remuneration of the members, officers and other employees of the Board. (c) expenses towards the schemes for the identified beneficiaries for payment of any premium, contribution to any government pension fund or financial assistance for accident benefit, educational assistance, health benefit and pension or any such other welfare measures and facilities as may be notified. (2) The funds of the board may be utilized for the social security and welfare schemes as set out in the schedule. (3) The Government may make such rules as is necessary for providing the nature of financial assistance schemes, the eligibility conditions, the amount of assistance and the category of workers and their dependents, if any, to be covered under the scheme.