Exempted provident fund trusts have disbursed over Rs 481 crore to nearly 41,000 subscribers who opted for non-refundable withdrawal of the provident fund money under special window created as part of the Rs 1.7 lakh core PM Garib Kalyan Yojana.
Under the scheme, notified on March 28, members can avail non- refundable withdrawal to the extent of the basic wages and dearness allowances for three months or up to 75% of the amount standing to the member’s credit in the EPF account, whichever is less, to tide ove the financial crisis emerging out of COVID-19.
“It is heartening to report that the exempted PF trusts have also risen to the occasion amidst the COVID-19 pandemic,” EPFO said in a statement on Monday.
As on the April 17, 2020, Rs 481.63 crores have been disbursed to 40,826 PF Members as advance under para 68-L for COVID-19 by the exempted PF Trusts, it said.
These include Neyvelli Lignite, Tata Consulting Services, Vishakhapatnam Steel Plant, HCL technologies, Power Grid Corporation, ONGC, BHEL and Hindustan Petroleum, among others.
