The Covid-19 advance has been a great help to EPFO members during these difficult times, especially for the members with monthly wages of less than Rs 15,000
Current Affairs : Retirement subsidize body EPFO has settled 3.6 million cases and dispensed Rs 11,540 crore to its individuals during lockdown over the most recent two months.
“To improve the simplicity of living experience of its individuals during the difficult occasions of Covid-19 lockdown, the Employees’ Provident Fund Organization (EPFO)…has left no stone unturned in guaranteeing convenient and powerful conveyance of administrations to its individuals,” a work service proclamation said.
Regardless of the lockdown limitations, EPFO settled an amazing 3.6 million cases in this way dispensing Rs 11,540 crore to its individuals during April and May, it said.
Out of this, 1.5 million cases, which saw dispensing of Rs 4,580 crore to inquirers, were identified with the as of late presented Covid-19 development under Pradhan Mantri Garib Kalyan Yojana (PMGKY), it said.
The Covid-19 development has been an incredible assistance to EPFO individuals during these troublesome occasions, particularly for the individuals with month to month wages of not as much as Rs 15,000.
“Accepting the Covid-19 development to the degree of essential wages and DA (dearness stipend) for a quarter of a year or up to 75 percent of the sum remaining amazingly in the EPF account, whichever is less, has given convenient alleviation to numerous specialists, keeping them from falling into obligation,” it said.
Aditi Mehta 