Write about the Function of Modern Welfare State.

Following are the functions:

a. Protective Function: To ensure growth in economy and efficient performance the government must protect its people from internal and external threats by maintaining law and order. This can ensure smooth functioning of various income generating stakeholders in an economy.

b. Administrative Function: Government must fulfil its Judiciary, executive and legislative duties. E.g.: To watch over malpractices by companies and be vigilant against fraudulent activities

c. Social Security Functions: Providing aid to the needy people in an economy and looking after their welfare. E.g.: Providing subsidised Education loan, shelter to poor etc.

d. Economic Function: To indulge in activities that provide and result in greater economic and income growth. E.g.: Loan waivers to farmers, Special Economic Zones for industries etc.