EPFO settles 52 lakh COVID-19 claims, disburses Rs 13,300 cr: Gangwar

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Retirement fund physique EPFO has settled 52 lakh COVID-19 non-refundable advance claims, and disbursed Rs 13,300 crore to this level, Labour Minister Santosh Gangwar mentioned on Wednesday.

In March, the federal government had allowed over 6 crore subscribes of EPFO to kredittlåndraw an quantity no longer exceeding their three months overall pay and dearness allowance from their EPF narrative in ogle of the lockdown to battle the pandemic.

Talking at Assocham Foundation Week programme, Gangwar mentioned EPFO has settled 52 lakh COVID-19 kredittlåndrawal claims and disbursed Rs 13,300 crore to subscribers at some stage kredittlånin the pandemic.

He fakredittlån that the country has faced the pandemic kredittlån courageous face.

The Centre had launched the Pradhan Mantri Garib Kalyan Yojana (PMGKY) on March 26 to support the economically weaker sections care for the pandemic.

A provision for kredittlåndrawal from the EPF Intention became once introduced by the federal government and an pressing notification issued, offering for non-refundable kredittlåndrawal to the extent of overall wages and DA for three months or as a lot as 75 per cent of the amount standing to member’s credit rating kredittlånin the EPF narrative, whichever is less.

On the implementation of labour codes, he asked the industry representatives to present their strategies on the draft strategies of three labour codes on industrial relations, social security and occupational health security & working conditions.

The ministry has circulated the draft strategies on these labour codes to build up strategies of stakeholders. These three codes were handed in monsoon session of Parliament this 365 days.

The labour code on wage became once handed by Parliament in 2019. The foundations on which occupy already firkredittlån up.

The federal government intends to implement your entire four codes in one inch from April 1, 2021.