law: Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996 
  
  22.Functions of the Boards.-
  (1) The Board may---
  (a) provide immediate assistance to a beneficiary in case of accident;
  (b) make payment of pension to the beneficiaries who have completed the age of
  
  sixty years;
  (c) sanction loans and advances to a beneficiary for construction of a house
  
  not exceeding such amount and on such terms and conditions as may be
  
  prescribed;
  (d) pay such amount in connection with premia for
  
  Group Insurance Scheme of the beneficiaries as it may deem fit;
  (e) give such financial assistance for the education of children of the
  
  beneficiaries as may be prescribed;
  (f) meet such medical expenses for treatment of major ailments of a beneficiary
  
  or, such dependant, as may be prescribed;
  (g) make payment of maternity benefit to the female beneficiaries; and
  (h) make provision and improvement of such other welfare measures and
  
  facilities as may be prescribed.
  (2) The Board may grant loan or subsidy to a local authority or an employer in
  
  aid of any scheme approved by the State Government for the purpose connected
  
  with the welfare of building workers in any establishment.
  (3) The Board may pay annually grants-in-aid to a local authority or to an
  
  employer who provides to the satisfaction of the Board welfare measures and
  
  facilities of the standard specified by the Board for the benefit of the
  
  building workers and the members of their family, so, however, that the amount
  
  payable as grants-in-aid to any local authority or employer shall not exceed---
  (a) the amount spent in providing welfare measures and facilities as determined
  
  by the State Governments or any person specified by it in this behalf, or
  (b) such amount as may be prescribed, whichever is less:
  
  Provided that no grant-in-aid shall be payable in respect of any such
  
  welfare measures and facilities where the amount spent thereon determined as
  
  aforesaid is less than the amount prescribed in this behalf.