August 18: Contributors to the Social Security Fund (SSF) can now avail different types of loan facilities through their mobile application.
The fund launched the app that allows the contributors to get special credit, housing loan, educational loan and social loan using the app.
Labour Minister Sher Bahadur Kunwar launched the contributor special credit and mobile app during a programme organised at the Ministry of Labour, Employment and Social Security on Wednesday (August 17).
On the occasion, contributors Binay Kumar Mahato and Pawan Babu Pradhan received the amount of special credit and amount of retirement service through the mobile app.
The contributors who have been regularly contributing to the fund from mid-July 2019 can get special credit and other loan from the fund. As per the Contributors Credit Guidelines-2079, a contributor contributing to the fund continuously for three years can get such credit and loans. Around 700 contributors have now become eligible to get such facilities. Altogether 352,924 contributors are enrolled in the fund so far. A total of Rs 22.08 million have been deposited in the fund so far. The fund had started collecting such amount from Shrawan, 2076 BS (mid-July 2019). There is a provision that a contributor enrolled in the fund has to deposit 11 per cent of amount of his/her basic remuneration and the employer has to contribute 20 per cent monthly.
Minister Kunwar directed the fund to make its service technology-friendly and urged to widen the social security coverage. -- RSS