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ETF benefits for self-employed

The Government has implemented a mechanism to get the contribution of all self-employed people to the Employees Trust Fund (ETF) through the Samurdhi Authority.


A self-employed

ETF's Working Director P. Tissa Kuttiarachchi told Daily News Business that this will be done on a voluntary basis.

However all those who obtain membership will be entitled to all the benefits as other permanent members.

He said there are about four million self-employed people in the country. But only 20,000 self-employed people have contributed to the Fund.

The Government has launched a series of awareness programs to educate people who are involved in self-employment projects on the benefits of having the ETF membership.

A minimum of Rs 200 will be charged as the membership fee and they will be entitled to all benefits.

Farmers, masons, carpenters and many other categories can get this membership voluntarily.

The membership fund at present is Rs 110 billion and the members get 13 percent interest for their contribution.

The member benefits include automatic life insurance cover, permanent and total disability insurance cover, intra ocular lens reimbursement cost, financial assistance for heart surgeries and kidney implants, financial grant to children who qualify the grade five scholarship examination, hospitalization, medical insurance and a housing loan scheme.

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