EPFO Subscribers will Soon Get Low-Cost Housing Scheme

Latest Housing News, Schemes & Projects | By Rajkumar

Housing Scheme for Subscribers of Employees Provident Fund Organization (EPFO): A scheme for providing low-cost housing will soon be launched by the Labour Ministry for the subscribers of Employees Provident Fund Organisation (EPFO).

Union Minister Bandaru Dattatreya said that to further encourage members to continue their PF membership throughout their working life we are actively considering a proposal to assist PF members in getting a house by pledging their present and future PF accumulations. The members would be free to procure a house wherever they want.

The scheme will help the beneficiaries to use their long-term saving in PF to buy a life asset of house. The scheme would contribute to Housing for All by 2022 Scheme which was launched by prime minister Narendra Modi for providing a housing unit for all by 2022.

According to the information received from the source, around 7.44 crore UANs have been issued and 1.33 crore digitally authenticated Aadhar has been collected as on today and further 2.80 crore members are now active on UAN portal.

He also added that the PF subscribers whose Aadhar is linked with their UAN, can directly submit their PF and pension claims to without requiring attestation of claim forms by employers.

“we have recently approved the organizational and cadre restructuring of EPFO, a process which has been going on since last five years. The implementation of same is underway. For effective delegation and decentralization of powers and efficient delivery of services, EPFO will now have 21 zonal offices.”, the minister also added.

To focus and review on enforcement of labour laws among other, six regional conference of labour departments of state governments will be held soon.

Dattatreya said an inquiry is underway on the allegations against AAP government in Delhi over “diversion” of Rs 1,150 crore from the construction workers cess fund.

“The Labour Ministry has sought report on fund diversion. I have written letter to Delhi Chief Minister Arvind Kejriwal on this matter,” Dattatreya said, adding funds from the corpus meant exclusively for the welfare of construction workers should be properly utilized.

Source: https://www.indiatoday.in/

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