Labour Ministry relaxes EPF withdrawal rules amid coronavirus lockdown - News Summed Up

Labour Ministry relaxes EPF withdrawal rules amid coronavirus lockdown


The Union Ministry of Labour and Employment has issued a notification regarding the amendment in the EPF Scheme to allow withdrawal of non-refundable advance by EPF members in the event of the outbreak of the pandemic. "Union Ministry of Labour and Employment has issued notification GSR 225(E) amending EPF Scheme 1952 to allow withdrawal of non-refundable advance by EPF members/subscribers in the wake of COVID -19 pandemic in the country," the ministry said in a press release. Therefore, the amendment allows employees working in establishments and factories across entire India, who are members of the EPF Scheme, 1952 are eligible for the benefits of non-refundable advance, the Labour Ministry said. Following the notification, EPFO has issued directions to its field offices for promptly processing any applications received from EPF members to help them fight the situation. Prime Minister Narendra Modi on Tuesday on Tuesday announced a nationwide lockdown to combat the novel coronavirus outbreak.


Source: dna March 29, 2020 09:45 UTC



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