Rule 143. Sources of funding and the manner of administering and expending of the social security fund for unorganized workers under Section 115

(1) There shall be established by the State Government under sub-section (1) of Section 115 a social security fund for the welfare of the unorganised workers in which there shall be credited the amount received from:-

(a) wholly funded by the Central Government; or

(b) partly funded by the Central Government and partly funded by the State Government;

(c) partly funded through contributions collected from the beneficiaries of the scheme or the employers, as may be specified in the scheme by the Central Government;

(d) Funded from any source, including corporate social responsibility fund within the meaning of the Companies Act, 2013 (Act No. 18 of 2013) or any other sources as may be specified in the scheme;

(e) any grant or loan received from the Central Government;

(f) funded by the State Government in the budget;

(g) the amount received from the composition of the offence as specified in sub-section (4) of Section 114 in Form-XII C and the amount of the penalty as specified in sub-section (6) of Section 115;

(h) other sources notified by the State Government.

(2) The State Government may seek financial assistance from the Central Government for the schemes framed by it.

(3) The welfare schemes will be formulated for the unorganised workers registered as beneficiaries and their families by the Unorganized Social Security Board with the prior approval of the State Government, and the fund will be utilized for such notified schemes.