Employees’ Provident Fund Organization (EPFO) announced that it has settled a total of 12.91 lakh claims, including 7.40 lakh COVID-19 claims under Pradhan Mantri Garib Kalyan Yojana (PMGKY) package. This also involves a disbursal of Rs 4684.52 crores which includes Rs 2367.65 crores COVID-19 claims under PMGKY package.
“It is heartening to note that the exempted PF trusts have also risen to the occasion amidst the COVID-19 pandemic. As on 27.04.2020, Rs. 875.52 crores have been disbursed to 79,743 PF Members as advance for COVID-19 by the exempted PF Trusts under this Scheme, with 222 private sector establishments disbursing Rs.338.23 crores to 54641 beneficiaries, 76 public sector establishments disbursing Rs.524.75 crores to 24178 beneficiaries and 23 cooperative sector establishments disbursing Rs.12.54 crores to 924 claimants,” the release said.
In the private sector, Tata Consultancy Services Mumbai, HCL Technologies Ltd, and HDFC Bank Mumbai are the top three exempted establishments both in terms of “number of claims settled” and “amount disbursed”.
In terms of public sector, ONGC Dehradun, Neyveli Lignite Corporation Neyveli and BHEL Trichy are the top three exempted establishments to have settled maximum number of COVID-19 advance claims; whereas, Neyveli Lignite Corporation Neyveli, ONGC Dehradun and Visakhapatnam Steel Plant are the top three establishments in terms of amount disbursed to EPF members.
The provision for a special withdrawal from the EPF Scheme to fight Covid-19 pandemic is part of the PMGKY scheme announced by the government. Under this, the non-refundable withdrawal to the extent of the basic wages and dearness allowances for three months or up to 75% of the amount standing to member’s credit in the EPF account, whichever is less, is provided.
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