The State Assisted Scheme of Provident Fund for Un-organised Workers (SASPFUW) was introduced by the Govt. of West Bengal, vide Labour Department's Resolution No 180-IR dated: 24-01-2001 & Resolution No 305-IR dated: 19-02-2001, implemented by the Labour Directorate
The Scheme in brief:-
With a view to provide Social Security in the form of Provident Fund to the workers in the Un-organized Sector, the Government of West Bengal introduced a Scheme named "The State Assisted Scheme of Provident Fund for Un-organized Workers"(SASPFUW) with effect from 01-01-01. The Scheme was initially introduced covering 13 Industries & 8 Self employment occupations in the year 2001. Additionally, another 16 industries and 6 Self-employed occupations have been brought under the Scheme in the year 2008
Features of the Scheme:
Subscription: Each subscriber may pay up to R.s.300/- per annum. Payments may be made monthly at the rate of Rs.25/- or as may be convenient to the subscriber in multiples of Rs.25/-.
Govt. Contribution : Rs.30/- per month (Same no of Subscription ) shall be contributed by the State Government. The Government contribution will deem to be deposited in the account of subscriber on the same day as the subscription paid by the subscriber.The Total Govt. Contrubution must not exceed Rs. 360/- per financial year.
Payment of Interest : Interest on the balance at credit of the Subscribers will also be paid by the state Government annually at the rate declared by the Government from time to time.
Final Payment: On attainment of the age of 55 years or in the event of the account becoming inoperative due to death or prolonged default in making contribution, the total cumulative amount along with interest will be refunded to the workers or to his/her nominees or legal heirs.
Loans & withdrawal: A subscriber will be allowed one withdrawal of Rs. 1000/- provided he/she has made 48 months contributions and he/she has Rs. 2500/- in his/her credit. The amount may be paid to him/her by cheque.
Lock-in-Period : If a subscriber-worker does not want to continue as a subscriber under the Scheme, he/she may be given final payment of the total balance lying at his/her credit (that is the worker’s own contribution, matching contribution of the Govt. and the interest) after expiry of the lock-in-period of three years from the date of his/her enrollment, with the approval of the concerned Advisory Committee on receipt of an application in Form-IX from him/her.
Extra benefit:-
Eligibility:-
The Scheme in brief:-
With a view to provide Social Security in the form of Provident Fund to the workers in the Un-organized Sector, the Government of West Bengal introduced a Scheme named "The State Assisted Scheme of Provident Fund for Un-organized Workers"(SASPFUW) with effect from 01-01-01. The Scheme was initially introduced covering 13 Industries & 8 Self employment occupations in the year 2001. Additionally, another 16 industries and 6 Self-employed occupations have been brought under the Scheme in the year 2008
Features of the Scheme:
Subscription: Each subscriber may pay up to R.s.300/- per annum. Payments may be made monthly at the rate of Rs.25/- or as may be convenient to the subscriber in multiples of Rs.25/-.
Govt. Contribution : Rs.30/- per month (Same no of Subscription ) shall be contributed by the State Government. The Government contribution will deem to be deposited in the account of subscriber on the same day as the subscription paid by the subscriber.The Total Govt. Contrubution must not exceed Rs. 360/- per financial year.
Payment of Interest : Interest on the balance at credit of the Subscribers will also be paid by the state Government annually at the rate declared by the Government from time to time.
Final Payment: On attainment of the age of 55 years or in the event of the account becoming inoperative due to death or prolonged default in making contribution, the total cumulative amount along with interest will be refunded to the workers or to his/her nominees or legal heirs.
Loans & withdrawal: A subscriber will be allowed one withdrawal of Rs. 1000/- provided he/she has made 48 months contributions and he/she has Rs. 2500/- in his/her credit. The amount may be paid to him/her by cheque.
Lock-in-Period : If a subscriber-worker does not want to continue as a subscriber under the Scheme, he/she may be given final payment of the total balance lying at his/her credit (that is the worker’s own contribution, matching contribution of the Govt. and the interest) after expiry of the lock-in-period of three years from the date of his/her enrollment, with the approval of the concerned Advisory Committee on receipt of an application in Form-IX from him/her.
Extra benefit:-
- Medical Expenses of himself (upto Rs.10,000/- p.a),
- Natural Death Benefit : Rs.50,000/-,
- Accidental Death Benefit : Rs.1,50,000/-,
Eligibility:-
- Workers between the age of 18 and 60 years.
- Workers should be working under the listed employments / occupations.
- Place of work should be in West Bengal.
- Average monthly income of the Worker’s Family should be not more than Rs, 6500/-
- Workers already covered, under the ‘Employees’ Provident Fund & Miscellaneous Provisions Act, 1952 are not eligible.
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