Labour welfare funds

Labour welfare funds

Labour welfare funds are created as a measure of social security provided to the working class. Social security is one of the working class. Social security is one of the three categories of labour welfare activities classified by the study group appointed by the Government of India to examine the labour welfare activities

The Government constitutes Labour Welfare Fund, as per section 3, to which the following are credited to –

a) All Unpaid Accumulations due to workers

b) All fines realised from the workers

c)  Deduction made under the proviso to Sub-section(2) of section 9 of the Payment of Wages Act,1936 and the proviso to Sub-section (2) of section 36 of the Tamil Nadu Shops and Establishments Act, 1947.

d) Contribution from Employees, Employers and Government,

e)  Any interest by way of penalty, paid under Section 14 of the Tamil Nadu Labour Welfare Fund Act, 1972.

f)  Any Voluntary Donation.

g)  Any amount raised by the Board from other sources to augment the resources of the Board.

h)  Any fund transferred under Sub-section 5 of Section 17 of the Tamil Nadu Labour Welfare Fund Act, 1972.

i)  Any sum borrowed under Section 18 of Tamil Nadu Labour Welfare Fund Act,1972

j)   Any unclaimed amount credited to the Government in accordance with the rules made under the Payment of Wages Act, 1936 and Minimum Wages Act, 1948

. k) Grants or Advances made by the Government.