Punjab Cabinet Okays Bill For Establishing Social Security Fund

Punjab Cabinet Okays Bill For Establishing Social Security Fund
Punjab Cabinet Okays Bill For Establishing Social Security Fund

The Captain Amarinder led Punjab government has decided to establish a dedicated Punjab Social Security Fund for providing Social Security to the poor and deprived sections of the society.

The Cabinet on Saturday gave its assent to table “The Punjab Social Security Bill, 2018” in the ongoing Budget session of the Vidhan Sabha.

A spokesperson of the Chief Minister’s Office said that the Bill relates to social services in the form of pension to senior citizens, old-aged, widows, destitute women, physically challenged persons, health and accident insurance, scholarship for education of children belonging to deprived sections, and such other financial assistance to poor and needy as may be considered necessary.

The Social Security Fund would be administered by a Trust headed by the Chief Minister and comprising the Finance Minister, Welfare Minister and Social Security Minister, besides various experts. The Fund would provide a dedicated corpus to meet its social security obligations in a regular manner.