KATHMANDU, July 8: Minister for Labor, Employment and Social Security Sher Bahadur Kunwar has said the coverage of social security would be expanded. 

Speaking at a program organized by Tarai Development and Communications Center on Thursday, Minister Kunwar said that Nepalis in informal, self-employed and foreign employment sectors would be included in the social security coverage. 

Only the workers of formal sectors are now covered by the social security fund. A total of 344,248 contributors and 17,156 employers are associated with the Fund so far. The Fund has been making working procedures in order to bring the workers of formal and informal sectors under its coverage from the coming fiscal year. 

He further said the facilities provided by the Fund would be increased. The Fund has now been providing financial support to contributors under four types of scheme- Accidental and Disability Protection Scheme, Medical and Safe Maternity Scheme, Dependent Protection Scheme and Pension Scheme. 

Secretary at the MoLESS Ek Narayan Aryal shared that workers who are in overseas employment would be associated with the Fund and the Fund would provide concessional loans in order to make the abroad returnee youth an entrepreneur. 

The Fund would provide loans on different headings to contributors from August 17. A total of Rs 19.62 billion has been deposited so far. 

Executive Director of the Fund, Kapilmani Gyawali, said that the Fund has forwarded short-term, mid-term and long-term plans to reduce possible risks that might occur in workers life.

(RSS)

 
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