A Memorandum of Understanding was signed between the Ministry of Culture and a PSU bank on Wednesday for the disbursal of financial assistance to veteran artists, officials said.
The ministry administers a 'Financial Assistance for Veteran Artists' scheme under which financial assistance of Rs 6,000 per month is provided to artists and scholars above the age of 60, who have contributed significantly in their specialised fields of performing arts and culture in their active age or are still contributing, but due to old age, they are facing difficulty and are in penury condition.