The amount would be put as fixed deposits in his name, considering his illness.
88-year-old Govardhan, who had worked as Assistant Music Director to several legendary musicians including M S Viswanathan, Illayaraja and Deva, had requested Jayalalithaa to provide financial assistance as he does not have any source of income, an AIADMK party statement said.
Acceding to the request, Jayalalithaa said Rs 10 lakh would be released from the Dr MGR Trust and the fund would be deposited as fixed deposits under Govardhan's with a monthly interest of Rs 8,125.