The Odisha Labour Welfare Fund (OLWF) is a social security scheme established by the Government of Odisha, India, for the welfare of workers in the organized sector. The fund is administered by the Odisha Labour Welfare Board.
The primary objective of the Odisha Labour Welfare Fund is to provide financial assistance and welfare benefits to workers and their families during times of need. It aims to improve the socio-economic conditions of workers and promote their well-being. The fund is primarily funded through contributions made by employers and workers.
Employers are required to contribute a specific percentage of their total wage bill to the OLWF, while workers contribute a nominal amount through deductions from their wages. These contributions are periodically collected and utilized for various welfare measures and benefits.
Some of the benefits provided by the Odisha Labour Welfare Fund may include:
- Financial assistance during medical emergencies and for the treatment of specific diseases.
- Maternity benefits for female workers.
- Education assistance for children of workers.
- Housing loan schemes for workers.
- Skill development programs and training for workers.
- Funeral and death benefits for workers.
- Marriage assistance for workers or their children.
The specific benefits, eligibility criteria, and procedures for availing the benefits may vary over time. To obtain the most accurate and up-to-date information regarding the Odisha Labour Welfare Fund, I recommend reaching out to the Odisha Labour Welfare Board or visiting their official website. They will be able to provide you with detailed information and guidance on the welfare schemes and contributions in Odisha.
Odisha
| Act | The Odisha Labour Welfare Fund Act, 1996 | ||||
| Rule | The Odisha Labour Welfare Fund Rules, 2015 | ||||
| Applicability | Any Employer/Establishment employing twenty or more employees/persons | ||||
| Frequency | Half Yearly | ||||
| Form | Online | ||||
| Website | https://www.onlinesbi.sbi/sbicollect/icollecthome.htm | ||||
| Labour Welfare Fund Contribution | |||||
| Category | Employee Contribution | Employer Contribution | Total Contribution | Date Of Deduction | Last Date For Submission |
| All employees except those working in the managerial or supervisory capacity and who is employed as an apprentice or on part-time basis | 10.00 | 20.00 | 30.00 | 30th June | 15th July |
| All employees except those working in the managerial or supervisory capacity and who is employed as an apprentice or on part-time basis | 10.00 | 20.00 | 30.00 | 31st December | 15th January |
Dues may also be deposited in Board’s account through NEFT/ RTGS:
| Name | ODISHA LABOUR WELFARE BOARD |
| Name of the Bank | State Bank of India |
| Branch | Government Treasury Branch, Bhubaneswar |
| Branch Code | 9025 |
| SBI A/c. No. | 36814392962 |
| IFSC | SBIN0009025 |
| MICR | 751002006 |
| CIF No. | 89801087639 |