Consumer Welfare Fund

Subject: Schemes

Context:

The Consumer Protection Act, 2019 which came into effect from 20th July 2020, and replaces the Consumer Protection Act of 1986 would give greater fillip to the ongoing consumer movement in the country

Concept:

• The Consumer Welfare Fund was created in 1992.
• Its objective is providing financial assistance to promote and protect the welfare of the consumers, create consumer awareness and strengthen consumer movement in the country.
• Financial assistance is provided to Voluntary Consumer Organisations / Institutions for undertaking consumer advocacy / awareness and to State Government / Union Territories for setting up State Consumer Welfare Fund.