Central Fund (Bangladesh) Explained

Central Fund
Formation:2015
Headquarters:Dhaka, Bangladesh
Region Served:Bangladesh
Language:Bengali

Central Fund is a Bangladesh government fund under the Ministry of Labour and Employment that is responsible for providing financial support to workers. The fund is chaired by the minister of labour and employment.[1] [2]

History

Central Fund was established in 2015 by the government of Bangladesh according to the labor act passed by the parliament in 2013. The purpose of the fund is to help industrial workers in Bangladesh and is jointly funded by the government and private industry.[3] In August 2017, Prime Minister Sheikh Hasina instructed the Ministry of Commerce to bring all industries and factories under the central fund.[4]

Notes and References

  1. Web site: bn:কেন্দ্রীয় তহবিল . http://centralfund.gov.bd/site/page/6c766b05-2572-4d79-8998-3d52e78a655a/What-is-central-fund . centralfund.gov.bd . bn . 2 August 2019.
  2. News: Trade unionism set free . The Daily Star . 15 July 2013 . 2 August 2019.
  3. News: More clout for workers . The Daily Star . 16 July 2013 . 2 August 2019.
  4. News: Govt to bring all industries under central welfare fund: PM . The Daily Star . 27 August 2017 . 2 August 2019.