National Foundation for Teachers’ Welfare was set up in 1962 by the Government of India under Charitable Endowment Act 1890, to promote the welfare of teachers. It has its units in all the States and Union Territories.
The Government of Karnataka realising the welfare of students and teachers of the State, established the Karnataka State Teachers' Benefit Fund and Karnataka State Students’ Welfare Fund in the year 1963. It is the first of its kind established for the welfare of students and teachers in Karnataka.
The above three funds are being administered by the State Committee constituted by the Government of Karnataka, comprising of officials and educationists with the Hon’ble minister for Primary & Secondary Education as the Chairman and the Commissioner for Public Instruction as the Ex-Officio Secretary/ Treasurer.
Source of Income :
Contribution for National Foundation for Teachers’ Welfare is raised through sale of Token Flags on the eve of Teachers day at the rate of Rs 3/- from primary students, Rs 8/- from high school students, Rs 20/- from college students. Similarly Rs 25/- is collected from primary school teachers, Rs 30/ from high school teachers, and Rs 40/-from teachers of junior colleges and Senior colleges.
10% of the amount thus collected is remitted towards the corpus of NFTW, New Delhi.
For Karnataka State Students’ Welfare Fund and Karnataka State Teachers' Benefit Fund, contribution is collected every year from students of high schools and higher education. Life Membership fees Rs 1500/- is collected from teachers of all categories.