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of <h1>Coal Mines Workers Get Enhanced Insurance Protection with New Deposit-Linked Scheme Under Third Schedule Amendment</h1> The amendment inserts a new Third Schedule into the Coal Mines Provident Fund Act, outlining provisions for a Deposit-Linked Insurance Scheme. The schedule specifies key aspects including employee coverage, insurance fund management, nomination procedures, insurance amount scales, eligibility criteria, and payment mechanisms. It mandates specific requirements for identifying employees, maintaining records, and ensuring financial benefits are deposited directly into nominees' savings bank accounts.
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