Labour Welfare Fund Act

    Labour welfare fund act, 1993, was passed to encourage the creation of provident and superannuation funds for employees. Presently the show provides for the establishment of many welfares and provident funds, i.e., EPF (Employee Provident Fund), PPF (Public Provident Fund), NPS (National Pension Scheme), VPF (Voluntary Provident Fund), MPF (Membership PF), Trustees provident funds, etc.

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