EPFO subscriber base up by 200 per cent

Sushant Ranjan
Tuesday, 27 June 2017

“The department had given six months to the companies to deposit the PF amount. For those who have not deposited amount till now, the scheme is open upto June 30” said Arun Kumar, Regional Commissioner 2, Department of Provident Fund, Pune region.

Pune: The subscriber base of the Employees’ Provident Fund Organisation (EPFO) has swelled by over 200 per cent after amnesty scheme run by the Ministry of Labour and Employment.

As few days are remaining for the scheme to end. EPFO has added around 4.10 lakh new member in Pune and around 82 lakh across the country. The scheme started in January and ended in June 2017.

“The department had given six months to the companies to deposit the PF amount. For those who have not deposited amount till now, the scheme is open upto June 30” said Arun Kumar, Regional Commissioner 2, Department of Provident Fund, Pune region.

According to the Employees enrolment campaign 2017, “This opportunity is for all the employers covered or uncovered under Employee Provident Fund (EPF) & Miscellaneous Provisions (MP), Act 1950 to voluntarily come forward and declare the details of all such alive employees, who were required to become member of EPF on or after April 1, 2009 to December 31, 2016.”

According to the officials of the department, the Ministry of Labour and Employment has received some complaints from many employees of private firms across India that their PF has not been deposited. By taking into account this matter, a nationwide circular has been issued.
“When the government started the scheme, we were hopeful that many companies will come forward and deposit PF amount of their employees. Till June 25, around 2,000 companies came forward and deposited their employees’ PF amount. We have around 4.10 lakh new members and this is a very good response we received till now. We are hopeful that before ending the scheme, more companies and their employees will come forward and avail the scheme,” said Arun Kumar.
The official said that if a company is found to be non-complaint with its PF deposits, it will not only have to pay the dues but also pay an interest penalty on the same, depending on the number of days of delayed payment.

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