Government will deposit 4800 crores on its behalf in the PF account of 79 lakh employees

The country is currently going through a major crisis of the Corona epidemic. The work of the entire country has come to a standstill for the last about three weeks. Meanwhile, after the Centre's order, the Employees Provident Fund Organization EPFO ​​has implemented an online system to credit the EPF and EPS accounts of the beneficiaries under the PM Garib Kalyan Yojana PMGKY. Explain that the contribution of PF will be deposited in the account of such employees by the Center. For this, the government is going to give subsidy of about 4800 crores to the institutions. At the same time, it is expected to benefit 3.8 lakh institutions and more than 79 lakh employees of the country.

These employees will get benefit

Lockdown has been done by the central government all over the country, people have been advised to stay in their homes. Due to this, the problems of employees along with private companies have also increased. In view of this, a relief package of 1.70 lakh crore was announced by the Center. Along with this, the government had decided to deposit PF of institutions with less than 100 employees, 90% of the employees whose salary is less than 15000, so that the companies do not put too much burden on the employees during the lockdown. Online system has been implemented by EPFO ​​in this link.

1.70 Lakh Crore Relief Package Announced

Along with fighting the corona virus, a relief package of 1 lakh 70 thousand crores has been announced by the central government to provide relief to the general public and the industry. Under this, the Pradhan Mantri Garib Kalyan Yojana was started. Under this scheme, the contribution of the company and employees from the employees in the PF account of the employees will be added by the government.

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