The Labour Welfare Fund (LWF): What is it?
The Labour Welfare Fund is referred to as LWF. It is a legislative endowment that is overseen by various state entities with the goal of improving laborers’ working conditions. LWF contributions are contributed by both employers and employees and were first introduced in 1948 under the Industrial Disputes Act of 1947.
The Labour Welfare Fund covers a wide range of welfare services, such as housing, family care, and employee health care. It covers medical examinations, general care clinics, newborn welfare, worker activities, women’s education, marriage, education, and funeral support.
What Advantages Does the Labour Welfare Fund Offer?
By giving workers access to a range of social programs, the LWF Act aims to improve their well-being. These initiatives address the needs for housing, recreation, healthcare, and education.
