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@article{202501,
author = {RANJU MEENAKSHI L and MATHAVAN B and RAMAKRISHNA L},
title = {RESEARCH PROPOSAL ON THE SOCIO-ECONOMIC STATUS OF EX-EMPLOYEES OF CLOSED GOLD MINES BELONGING TO BHARAT GOLD MINES LIMITED, OPTED VRS WITH STBP AT KOLAR GOLD FIELDS, KARNATAKA STATE},
journal = {International Journal of Innovative Research in Technology},
year = {2026},
volume = {12},
number = {12},
pages = {7315-7318},
issn = {2349-6002},
url = {https://ijirt.org/article?manuscript=202501},
abstract = {The gold mining activity at Kolar Gold Fields (KGF) in Kolar District, Karnataka State in India, has an history more than 150 years; which was initiated by the erstwhile John Tylor & Sons during 1880s; and later taken over by the Government of India after Independence. The gold mines are situated about 100 kilometres east of Bengaluru City, produced the major part of the gold production in India and the mines where closed due to administrative and non-feasibility reasons during the year 2001 leaving back about 3500 employees on roles on the last day of the closure, jobless. Whereas, the Government of India under which gold mines were run by Bharat Gold Mines Limited (BGML) Company as a Public Sector, has announced a Voluntary Retirement Scheme (VRS) with Special Terminal Benefit Programme (STBP) for those who were on roles as employees of the company on the last working day of the closure. It is found that about 2800 employees were opted for the VRS with STBP scheme, and submitted applications for the purchase of houses with courtyards which were allotted to them during the services in the BGML Company; in accordance with the recommendations of the honourable High Court of Karnataka and as per the guidelines issued through a Special Bulletin in the matter. Whereas, it is more than 25 years now, the BGML Company and hence, the Government has failed to fulfil their promises to the jobless and ex-employees of BGML Company. The Research Scholar is also a local resident of Kolar Gold Fields and a Research Scholar for a part time PhD has submitted a Research Proposal to the Department of Economics, Annamalai University, Tamil Nadu in India, to make a detailed and comprehensive study on the socio-economic status of ex-employees of BGML Company at KGF who opted for VRS with STBP, in accordance with the objectives formulated for the study which will bring out some of the significant observations and analytical results for the possible suggestions and recommendations for policy makers and rehabilitation programmes.},
keywords = {BGML Company, Kolar Gold Fields, STBP Voluntary Retirement Scheme, Ex-employees, etc.},
month = {May},
}
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