Contribution Based Social Security Fund Nepal
The Government of Nepal has introduced social security protection to provide coverage for the valuable human resources in the country. The coverage is based on participation of the social partners through a contribution payment system.
This introduction is a major step forward in the government’s planned approach to reducing poverty that could result from contingencies affecting the workforce as well as supporting workers and their families. The schemes provide financial guarantees to employees and their families in the event of a contingency as well as cover their medical needs.