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Press Information Bureau
Government of India
Ministry of Micro,Small & Medium Enterprises
10-December-2010 16:49 IST
Artisans’ Welfare Fund Trust
Khadi Institutions registered with the Khadi and Village Industries Commission (KVIC)/Khadi and Village Industries Boards (KVIBs) of States/Union Territories are required to create Artisans Welfare Fund (AWFs) with a view to extending security and other help in the hour of need to the artisans. The main functions of the AWFTs include providing financial security as and when required by the artisans on occasions such as daughter’s marriage, medical treatment, etc. Amount accruing to AWF is usually kept in fixed deposits in nationalized Banks. Khadi institutions are required to contribute 12 per cent of wages of artisans to AWF whose benefit is extended to all artisans except those who are salaried employees of khadi institutions. Separate accounts in respect of each artisan showing the subscriptions made by him/her together with the contribution made by the institution are maintained. Each artisan, subscribing to this fund is issued a pass book by the khadi institution. In the case of death of an artisan, the entire amount to his/her credit in AWF is paid to his/her legal heirs or nominees.

This information was given by the Minister of State (Independent Charge) for Micro, Small and Medium Enterprises, Shri Dinsha Patel in a written reply to a question in the Rajya Sabha today.

RTS/VN