new Delhi. The Employees' Provident Fund Organization (EPFO) has made arrangements to deposit the contribution of the employer and the employee from the Government account in the Employees Provident Fund accounts under the Pradhan Mantri Garib Kalyan Yojana.
The Center has announced the scheme in view of the difficulties faced by the Korabari units due to Corona virus and the challenge of saving employment. Under this scheme, the government will deposit the contribution of both employer and employee's share in EPF accounts for 3 months.
The Ministry of Labor estimates that it will benefit about 79 lakh employees and 3.8 lakh employers. The government will have to spend about Rs 4,800 crore for this.
The Labor Ministry said in a statement that the EPFO has made an electronic system to deposit funds in the Employees' Provident Fund and Employees Pension Scheme accounts of its shareholders under the Pradhan Mantri Garib Kalyan Yojana announced on 26 March.
The Ministry has said that this package has been announced to help the poor in combating the Corona epidemic.
Eligible organizations and establishments can claim this relief by filling a challan-cum-statement.
According to this challan, payment equal to the total contribution of the employee and the employer (24 percent of the salary of the worker) to the employee's EPF and EPS will be transferred by the Government to the Universal Account Number (UAN) of the concerned employee.
This relief is for three months. This benefit will be given in the case of employees with monthly salary less than Rs 15,000 working in units registered under EPF. According to the rule, in the fund accounts in future, equal contribution of 12-12 percent of salary is made by the employee and the employer. A part of this goes to the pension account of the employee.
Under this scheme, the same units will be eligible for this relief, where there will be 100 employees and 90 percent or more of them have monthly income less than Rs 15,000.
In order to make this relief package accessible to the employees, the Ministry of Labor and Employment issued a notification informing about the targets, qualifications, validity and procedure of the scheme.
After the e-challan cum statement is submitted and the eligibility of employer and employee is verified, the challan will show the contribution of employer and employee separately. Later this amount will be deposited directly into the Employee's Provident Fund and Pension Scheme account.
EPFO has also released a list of 'Frequently Asked Questions' on its website to question solutions related to the scheme.
PM Security: This desi dog joined PM's security for the first time, Modi is also a fan; Know the specialty of this breed
For the first time, the indigenous dog breed has been included in the protection of PM Narendra Modi. Karnataka's Mudhol Hound Dog will further strengthen PM Modi's security circle. The Mudhol Hound
Chinese living in PAK is difficult: Balochists killed 15 Chinese in 9 months; Know what is BLA and Majeed Brigade
Three Chinese female professors were killed in an attack by female fidayeen at Pakistan's Karachi University on Tuesday. After this China took a tough stand. The newly-minted Prime Minister Shahbaz
RTPCR virus is not catching; 80% of case-a-symptomatic, CT scan results in lung infection
Corona has reached super active mode in Rajasthan. In 10 days, infection cases tripled. On Thursday, 1350 infected patients were found in the state. On March 23, 480 cases were received 10 days ago.
Siblings Day 2023: From Karishma to Malaika, on the occasion of Sibling Day, these stars shared special pictures of sister-brother
Siblings Day 2023: After the birth of a person, many relationships are also born in his life. Then whether it is the relation of the mother, the father, or the relation of brother and sister. Of all
Covid restrictions eased after demonstrations in China: fear of spreading corona, long lines at medical stores to buy medicines
After weeks of protests in China, the government is going to ease Covid restrictions from today. According to reports, some people infected with the coronavirus across the country will be allowed home
More than 150 pregnant women are at risk of infection due to contact with corona infected doctor in the hospital
Many pregnant women are at increased risk of getting infected after a doctor who performed sonography at Bhopal's Jaypee Hospital confirmed that they were found infected with corona. Now on behalf of
Pakistan Army not getting hawk even after ceasefire agreement, LOC is engaged in this tactic
Although peace has prevailed since the ceasefire agreement between India and Pakistan on the LoC, the Pakistani army is not deterring its antics. Under the guise of peace, the Pakistani army is
There were 64 lakh cases of infection in May
The National Population-Based Sero Survey has revealed that 0.73 percent of adults in India were infected with coronavirus and by the beginning of May 2020, the total number of infected people was 64
What did Ravi Shastri say about Virat Kohli's batting position in IPL 2022?
The biggest talking point for Royal Challengers Bangalore in IPL 2022 is Virat Kohli's batting position. Apart from batting at number three for RCB, Kohli has also opened several seasons. In IPL 2021,
DC vs RR: For the first time since 2022, a result came out of a super over in IPL, Delhi reached the top after defeating Rajasthan
Delhi Capitals defeated Rajasthan Royals in the Super Over in the IPL 2025 match played at Arun Jaitley Stadium on Wednesday. Rajasthan had scored 11 runs in the Super Over, but Delhi won the match in
