The Employees Welfare Fund (EWF) is a public organization set up in 1991 and operates under the aegis of the Ministry of Finance and Economic Development. It caters for the welfare, leisure and recreational needs of employees and their families working in the Public and Private Sectors, in the form of loans, financial assistance and welfare projects. The Fund is administered by a Management Committee made up of representatives of Employees, Employers and Government in line with the philosophy of tripartism. The Fund became a corporate body in 1995 with the enactment of the Employees Welfare Fund Act 1995.
The objectives of the Fund are:
- To manage the financial and other resources of the Fund
- To set up and operate schemes and projects for the welfare of employees and their families
- To give loans or financial assistance to employees or their families for such purposes as may be determined by the Board
- To do all such things as appear to be necessary and conducive to the promotion of the welfare of employees and their families in general
To be the leading welfare institution for employees and their families
To be responsive to the evolving WELFARE needs of employees and their families in line with the objectives of the institution
Who are the members of the Fund?
Employees from public and private sectors, on behalf of whom employers contribute to the NSF (National Savings Fund), are members of the Fund and are thus eligible to benefit from all our schemes.
EWF Loan Schemes
Building your Career
v Soft Loan: A Minimum of Rs.25,000 – Rs.500,000 with an interest rate of 5%, refundable over a maximum period of 15 years with one or two guarantors in sustainable employment
v Fixed Charge Loan: Maximum loan amount grantable is Rs.2m with an interest rate of 5% and 7%, refundable over a maximum period of 15 years with different repayment options. Fixed Guarantee required
v SC/HSC Examination Fees Loan Scheme – This Scheme exists for needy members to pay examination fees for S.C & H.S.C with an interest rate of 5%, refundable over a maximum period of 2 years.
Guarantee- One guarantor in sustainable employment.