Labour Welfare Fund in India
In India, employers and employees are required by law to contribute to the Labour Welfare Fund (LWF). The Labour Welfare Fund Act of 1972 governs the LWF and is administered by the relevant state governments.
The LWF’s goal is to provide several forms of aid to workers. Additionally, the fund aids in the welfare of workers by raising their standard of living.
The rates of contribution for both employees and employers differ from state to state. Due date as well differ from state to state in India. The due date, penalty, and all applicable state rates of contribution are all provided by Praans Consultech.
ESI and the Employees’ Provident Fund (EPF), which are additional statutory contributions made by both employees and employers, are not the same as Labour Welfare Fund in India.
The Labour Welfare Fund board oversees LWF in the relevant states. In some Indian states and UTs, LWF is not applicable. There isn’t a labour welfare fund in every state. The LWF Act only applies to 16 states out of a total of 38 states and UT.
List of applicable States
|Punjab||Tamil Nadu||Telangana||West Bengal|
Benefits under LWF
The benefits under LWF vary from state to state, but they generally include facilities and services such as-
- Educational facilities for the children of workers
- Medical facilities for workers and their families
- Housing facilities for workers
- Reading rooms and libraries
- Vocational Training
- Food for the children of workers
- Cycles for workers
- Recreational facilities like music, drama, sports, etc.