The memorandum of understanding (MoU) signed between the Culture Ministry and Canara Bank outlines several key features for the monthly disbursal of assistance to veteran artists. These features include:

• Regular assistance: The agreement ensures a regular monthly disbursal of financial aid to veteran artists, providing them with a consistent source of income.
• Targeted beneficiaries: The assistance is specifically aimed at supporting veteran artists who may be experiencing financial difficulties or those who are retired.
• Fast processing: The MoU prioritizes the swift processing of applications for financial aid, ensuring that eligible artists receive their assistance in a timely manner.
• Account management: Canara Bank will assist in managing the bank accounts of the veteran artists, ensuring smooth transfer of funds and easy access to their financial aid.
• Transparency: The agreement emphasizes the importance of maintaining transparency throughout the disbursal process, ensuring that the assistance reaches the intended beneficiaries.

Overall, the MoU between the Culture Ministry and Canara Bank aims to provide consistent and targeted financial support to veteran artists, facilitating their overall welfare and wellbeing.