Keeping up the momentum speedier EPF disbursal during Lockdown, Employees Provident Fund Organization (EPFO), under Union Ministry of Labour & Employment, has settled a total of 12.91 lakhs claims, including 7.40 lakhs COVID-19 claims under Pradhan Mantri Garib Kalyan Yojana (PMGKY) package. This involves disbursal of a total amount of Rs. 4684.52 crores which includes Rs. 2367.65 crores COVID 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.
M/s Tata Consultancy Services Mumbai, M/s HCL Technologies Ltd. Gurugramand M/s HDFC Bank Powai, Mumbai are the top three exempted establishments in private sector, both in terms of ‽number of claims settled and ‽amount disbursed”. In public sector, M/s ONGC Dehradun, M/s Neyveli Lignite Corporation Neyveli and M/s BHEL Trichyare the top 3 exempted establishments to have settled maximum number of COVID-19 advance claims; whereas, M/s Neyveli Lignite Corporation Neyveli, M/s ONGC Dehradun and M/s Vishakhapatnam Steel Plant Vishakhapatnam are 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 and an urgent notification on the matter was made to introduce a para 68 L (3) of the EPF Scheme on 28th March, 2020. Under this provision 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 members credit in the EPF account, whichever is less, is provided.