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Coronavirus | EPFO settles 52 lakh COVID-19 claims, disburses ₹13,300 crore: Santosh Gangwar

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He famous that the nation has confronted the pandemic with courageous face.

Retirement fund physique Employees’ Provident Fund Organisation (EPFO) has settled 52 lakh coronavirus (COVID-19) non-refundable advance claims and disbursed ₹13,300 crore thus far, Labour Minister Santosh Gangwar stated on Wednesday.

In March, the federal government had allowed over 6 crore subscribes of EPFO to withdraw an quantity not exceeding their three months primary pay and dearness allowance from their EPF account in view of the lockdown to battle the pandemic.

Speaking at Assocham Foundation Week programme, Mr. Gangwar stated EPFO has settled 52 lakh COVID-19 withdrawal claims and disbursed ₹13,300 crore to subscribers through the pandemic. He famous that the nation has confronted the pandemic with courageous face.

The Centre had launched the Pradhan Mantri Garib Kalyan Yojana (PMGKY) on March 26 to assist the economically weaker sections deal with the pandemic.

A provision for withdrawal from the EPF Scheme was introduced by the federal government and an pressing notification issued, offering for non-refundable withdrawal to the extent of primary wages and DA for 3 months or as much as 75% of the quantity standing to member’s credit score within the EPF account, whichever is much less.

On the implementation of labour codes, he requested the trade representatives to supply their suggestions on the draft guidelines of three labour codes on industrial relations, social safety and occupational well being security & working situations.

The Ministry has circulated the draft guidelines on these labour codes to hunt suggestions of stakeholders. These three codes have been handed in monsoon session of Parliament this yr.

The labour code on wage was handed by Parliament in 2019. The guidelines on which have already firmed up. The authorities intends to implement all of the 4 codes in a single go from April 1, 2021.

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