The Punjab Labour Welfare Fund Rules, 1966
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As a general rule, this term will encompass all of the benefits provided to workers, which vary from one industry to the next, from time to time, and also from state to state. In this article, I will focus on the state of Punjab, which has its own statutory provision for worker welfare, known as the Punjab Labour Welfare Fund Act, 1966.
Because of the subjectivity of the term “welfare,” labor welfare is an inclusive concept in and of itself.
Punjab Labour Welfare Fund Rules, 1966 – Remarkable Points
Following are the remarkable point of The Punjab Labour Welfare Fund Rules, 1966.
- It stipulates the establishment of a fund.
- The money will be used to fund activities that improve state welfare.
- The fund could likewise be used to carry out similar activities.
- The fund will be used for a variety of other labor-related initiatives throughout Punjab.
Labour Welfare Fund Rules Punjab
The purpose for enacting such a policy is that employers collect a considerable sum of money from employees in the form of fines, unpaid salaries, bonuses, and other benefits that are not claimed by them and are not appropriately used for the betterment of labor. The Act establishes the Labour Welfare Fund to carry out different operations for the improvement of labor, with the established fund acting as an agent.
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