Department of Law, Kurukshetra University, Kurukshetra
Online published on 19 January, 2012.
In ancient India the family system had been so secure that the need of social security schemes was never felt. But with the disintegration of joint families social security was required in case of sickness, disablement or death of the earning member. The social security legislations in India derive their strength and spirit from the Directive Principles of the State Policy as contained in the Constitution of India. These provide for mandatory social security benefits either solely at the cost of the employers or on the basis of joint contribution of the employers and the employees. Various legislations and schemes have been formulated in India in this regard. Funding of such schemes is very important issue that needs attention. So the paper focuses on evaluation of such schemes; the methods of their funding and the problems and solutions attached to such methods.
