Realising such circumstances, Kerala State came forward with a novel initiative, 1st of its kind within the country, to setup a welfare fund to produce welfare schemes to NRKs (abroad) and NRKs (in India). Kerala Non-Resident Keralites Welfare Board came in to existence beneath the Kerala Non-Resident Keralites’ Wlefare Act, 2008 passed within the general assembly, Government of Kerala. over 2 lakhs twenty 5 thousand NRKs area unit members within the welfare fund. NRKs abroad however currently came back to Bharat for permanent settlement when a minimum of 2 years of foreign employment, may also avail membership during this Welfare Fund. The Act envisages several welfare schemes like pension schemes, family pension schemes, medical care, death help, etc.
The occasion is marked by special programs to recognise the contributions of NRI/PIO people of remarkable advantage, wish NRI/PIO people World Health Organization have created exceptional contributions in their chosen field/profession (Pravasi Bharatiya Samman (Hindi: NRI/PIO Award)) and supply a forum to debate problems and issues of individuals of the diaspora. The event has been unionized each year since 2003, and is sponsored by the Ministry of Overseas Indian Affairs and therefore the CII (Confederation of Indian Industry), at the start sponsored by FICCI.
Pravasi Bharatiya Divas (PBD), the annual event for the Indian diaspora, was canceled for 2016. The format of the event, that is command between seven and nine January, has been modified as declared by the minister of external affairs and overseas Indian affairs Sushma Swaraj, in October 2015. As per the announcement, the event was being rapt to totally different states each 2 years; a smaller event would be command in Delhi each alternate year.