Agencies
New Delhi , Mar 29 : In the wake of coornavirus COVID-19 outbreak in India, the Labour and Employment Ministry on Saturday (March 28) notified amendments to the Employees’ Provident Funds Scheme (EPFO) with an aim to allow the EPFO members to allow withdrawal not exceeding the basic wages and dearness allowances for three months or up to 75 per cent of the amount present in the EPF account of the member.
“The Commissioner or, where so authorised by the Commissioner, any officer subordinate to him, may, on an application from any member of this Scheme employed in any establishment or factory located in an area declared as affected by outbreak of any epidemic or pandemic by the appropriate government, permit a non-refundable advance from the provident fund account of such member not exceeding the basic wages and dearness allowances of that member for three months or up to seventy-five per cent of the amount standing to his credit in the Fund, whichever is less,” the Ministry’s notification said. |
