Social Security Scheme : SASPFUW ( Scheme & Accounting Procedure)

• State Government Assistance for the Provident fund Scheme & Accounting Procedure:

          The Government contribution will be deemed deposited in the account of the subscriber on the same day as the contribution made by the subscriber. it will be of the same amount. (Recently, State Government contribute Rs. 30/- as Government Contribution)

          Interest to be paid by the Government will be calculated as on 31st March of every year and will be deemed to the credited on the same date in the account of the subscriber.

          The State Government will release fund for equivalent contribution by the Government for all the subscribers at every quarter, for the first three quartets of a year beginning first of April of every year and also release allotment of fund for equivalent amount of contribution of the State Government in respect of all the subscribers along with the interest of the total balance lying at the credit of the subscribers for the last quarter ending 31st March of every year for the purpose of book adjustment thereof under the appropriate deposit head of account.

          The State Government will also bear all expenditure relating to the administration of the Scheme including collection charges to be paid to the Collecting Agents and service charges to be banks and also cost of various forms and stationary etc.

          There will be a separate bank account for each ALC office in the name 'State Assisted Scheme of Provident Fund for Unorganized Workers in West Bengal - Administrative' to be jointly operated by DLC and ALC and also a separate bank account for Kolkata Region for the Office of the Labour Commissioner at Kolkata in the name of 'State Assisted Scheme of Provident Fund for Unorganized Workers in West Bengal - Administrative' to be jointly operated by D.L.C. and the D.D.O. of the Office of the Labour Commissioner.

          Fund received for administrative expenses including collection charges to be paid to the Collecting Agents, Service charges to the banks will be deposited and paid from these accounts.

• Management of the Scheme :

           The Scheme will be implemented and managed by the Labour Department through Labour Directorate under the guidance of respective Advisory Committees set up at Block, Sub-Division, District and State Level, Vide annexure-'C'  to this Resolution (Read with Resolution No.238-IR, dt: 14-03-2007, No.1267-IR, dt: 06-11-2007 & 1269-IR dated: 06-11-2007).

• Savings:

          The State Government may, by notification alter and / or relax any of the provisions of the Scheme and also add new provisions to the Scheme, if necessary.

• Related Articles:

1. Social Security Scheme : SASPFUW (Maintenance of Records) Click Here
2. Social Security Scheme for Unorganized Worker !! SASPFUW ( Part-III ) Click Here
3. Social Security Scheme for Unorganized Worker !! SASPFUW ( Part-II ) Click Here
4. Social Security Scheme for Unorganized Worker !! SASPFUW Click Here

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