Seafarers' Welfare Fund Society

The initial corpus of the Society's funds was formed by way of wage differential received from foreign shipowners between the international wage and Indian wage for seafarers. This initial corpus, together with other income received by the Society by way of transfer of fines imposed on seamen and other voluntary donations, including levies, fees from Government, and welfare contributions/Unemployment Relief Contributions received from shipowners by virtue of the Agreement under the National Maritime Board, substantially increased the funds of the Society. These funds are invested, and the interest earnings thereon are utilised for meeting the commitments of various welfare schemes operated by the Society.