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Learn about Labour Welfare Fund (LWF)
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The Labour Welfare Fund (LWF) is an Indian statutory contributing fund that is managed by the respective state government agencies. The frequency and amount of the LWF contribution are set by the state Labour Welfare Board. States vary in this regard. Employers and employees both make contributions to the LWF on behalf of their employees. The LWF receives an annual contribution from some states and a half-yearly contribution from others. States have different requirements for the paperwork needed to register a labour welfare fund. But there are certain basic documents that must be submitted irrespective of the state in which the application is being filed. Three classifications can be applied to these documents:- In general, employees may use their contribution to the LWF for the following uses: Facilities for children's education. Healthcare services for employees and their families. Transportation amenities for getting to work. Loan housing facilities for building homes at discounted prices. Create side businesses and home industries for women and jobless people. Vocational instruction. Feed kids’ wholesome food. While the websites used by each state to accept LWF payments online vary, the general payment process remains the same:
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