EPF Scheme : Empowering Employees’ Social Security through Mandatory Contributions and Trust Management
Ministry of Labour & Employment
Employees’ Provident Fund Scheme
Posted On: 24 JUL 2023 4:13PM by PIB Delhi
The Employees’ Provident Fund (EPF) Scheme, 1952 is one of the three schemes framed under the Employees’ Provident Funds and Miscellaneous Provisions (EPF & MP) Act, 1952. The EPF Scheme, 1952 aims at providing social security to employees employed in an EPF covered establishment. Under the EPF, Scheme, 1952, an employee of any covered establishment drawing monthly wages up to Rs. 15,000 is statutorily required to join the fund and to contribute 12% of wages, which includes basic wages, dearness allowance and retaining allowance, if any. The employer is also required to contribute 12% of the wages. The Employees’ Provident Fund is managed by a Board of Trustees consisting of representatives from
Central Government, employers, employees and State Governments. A member of the EPF Scheme, 1952 is entitled to the benefit of withdrawal and advance for various purposes (viz. for purchase/construction of dwelling house, illness, education, marriage, Covid-19, etc.) from the EPF as per the provisions contained in the said scheme. A member is also entitled for credit of interest on his/her PF accumulations each year.
The State/UT-wise (including details of Badaun and Prayagraj districts of Uttar Pradesh and Ratnagiri and Sindhudurg Districts of Maharashtra) details of employees (Universal Account Numbers contributing atleast once during last one year from Wage month July, 2022 to June, 2023 and not exited) contributing in EPF on regular basis are at Annexure.
The wage ceiling for coverage under the EPF Scheme, 1952 is revised from time to time. Presently, it is Rs.15000/- per month since 01.09.2014.
As per paragraph 72(6) of the EPF Scheme 1952, certain accounts are classified as Inoperative Accounts. All such Inoperative Accounts, however, have definite claimants. As on 31.03.2022, the total amount in Inoperative Accounts is Rs. 4962.70 crore.
ANNEXURE
ANNEXURE REFERRED TO IN REPLY TO PARTS (b) & (c) OF LOK SABHA UNSTARRED QUESTION NO. 586 TO BE ANSWERED ON 24.07.2023 BY DR. SANGHMITRA MAURYA, SHRI SANJAY JADHAV, SHRIMATI KESHARI DEVI PATEL REGARDING ‘EPF SCHEME’
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State/UT-wise (including details of Badaun and Prayagraj
districts of Uttar Pradesh and Ratnagiri and Sindhudurg
districts of Maharashtra) details of employees (Universal
Account Numbers contributing atleast once during last one
year from Wage month July, 2022 to June, 2023 and not
exited) contributing in EPF on regular basis.
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Sl. No.
|
State/UT
|
Employees
|
|
1
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ANDAMAN AND NICOBAR ISLANDS
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20240
|
|
2
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ANDHRA PRADESH
|
1500966
|
|
3
|
ARUNACHAL PRADESH
|
11642
|
|
4
|
ASSAM
|
361954
|
|
5
|
BIHAR
|
1163720
|
|
6
|
CHANDIGARH
|
594835
|
|
7
|
CHATTISGARH
|
656683
|
|
8
|
DADRA AND NAGAR HAVELI
|
165025
|
|
9
|
DAMAN AND DIU
|
109811
|
|
10
|
DELHI
|
4007063
|
|
11
|
GOA
|
250279
|
|
12
|
GUJARAT
|
4187709
|
|
13
|
HARYANA
|
3617407
|
|
14
|
HIMACHAL PRADESH
|
435518
|
|
15
|
JAMMU AND KASHMIR
|
194754
|
|
16
|
JHARKHAND
|
690022
|
|
17
|
KARNATAKA
|
7537917
|
|
18
|
KERALA
|
1249560
|
|
19
|
LADAKH
|
2356
|
|
20
|
LAKSHADWEEP
|
40
|
|
21
|
MADHYA PRADESH
|
1453179
|
|
22
|
MAHARASHTRA
|
13431905 Ratnagiri (37782) & Sindhudurg (8422)
|
|
23
|
MANIPUR
|
16924
|
|
24
|
MEGHALAYA
|
41049
|
|
25
|
MIZORAM
|
4234
|
|
26
|
NAGALAND
|
11224
|
|
27
|
ODISHA
|
1091497
|
|
28
|
PUDUCHERRY
|
132719
|
|
29
|
PUNJAB
|
851871
|
|
30
|
RAJASTHAN
|
1725304
|
|
31
|
SIKKIM
|
30711
|
|
32
|
TAMIL NADU
|
6530368
|
|
33
|
TELANGANA
|
3966619
|
|
34
|
TRIPURA
|
33572
|
|
35
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UTTAR PRADESH
|
3145415 Badaun(4287) & Prayagraj(76790)
|
|
36
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UTTARAKHAND
|
734969
|
|
37
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WEST BENGAL
|
3264085
|
|
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Total
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63223146
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This information was given by Union Minister of State for Labour and Employment Shri. Rameshwar Teli in a written reply in the Lok Sabha.
नोट :- हमारे वेबसाइट www.indiangovtscheme.com पर ऐसी जानकारी रोजाना आती रहती है, तो आप ऐसी ही सरकारी योजनाओं की जानकारी पाने के लिए हमारे वेबसाइट www.indiangovtscheme.com से जुड़े रहे।
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