Write short notes on: (iv) Labour Welfare Fund for social assistance to workers
CS Executive · Setting up of Business Entities and Closure · PYQS · June 2019
Write short notes on: (iv) Labour Welfare Fund for social assistance to workers
Answer & Explanation:
To extend a measure of social assistance to workers in the unorganized sector, the concept of 'Labour Welfare Fund' was evolved and five welfare funds were set up under the Ministry of Labour and Employment. These funds are aimed to provide housing, medical care, educational and recreational facilities to workers employed in beedi industry, certain non-coal mines and cine workers. Such funds are financed out of the proceeds of cess levied under respective Cess/Fund Acts. The various legislation enacted in this regard include:- The Mica Mines Labour Welfare Fund Act, 1946. The Limestone and Dolomite Mines Labour Welfare Fund Act, 1972. The Iron Ore Mines, Manganese Ore Mines & Chrome Ore Mines Labour Welfare Fund Act, 1976. The Beedi Workers Welfare Fund Act, 1976. The Cine Workers Welfare Fund Act, 1981.
Topics: Labour Laws
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