Maharashtra Labour Welfare Fund Act 1953
The Maharashtra Labour Welfare Fund Act, 1953 provides for the constitution of a fund for the financing of activities to promote welfare of labour in the state of Maharashtra for conducting such activities to prevent exploitation of Labour, provide them with welfare programs and to provide welfare services to the families of the workmen. The Act is applicable to Factories & Establishment covered under Shops & Establishment Act employing 5 or more employees.
Labour welfare is an aid in the form of money or necessities for those in need. It provides facilities to labourers in order to improve their working conditions, provide social security, and raise their standard of living. The welfare activities of the Board for the workers and worker's families who are subsidizing the labour welfare fund under the Maharashtra Welfare Fund Act 1953.