Employees Provident Fund Organization (EPFO) doors can be opened for workers working in 40 crore unorganized sector across the country. However, for this the EPFO will have to make major changes in the way it works.
In the new year, the organization will have to make concerted efforts to improve delivery of services, focusing on implementing the government’s ambitious Self-Employed India Employment Scheme (ABRY). The Social Security Code is expected to come into force from April 1 next year. In such a situation, the EPFO will have to mold its plans and services in accordance with the new environment as it will also bring the workers of the unorganized sector into social security. There are more than 40 crore unorganized sector workers in the country who do not come in the salary register of any establishment or company and do not get benefits like provident fund and gratuity. The government plans to bring all of them under EPFO to provide social security.
Network scope to be increased
Brijesh Upadhyay, former general secretary of the Bharatiya Mazdoor Sangh (BMS), said that with the implementation of the Social Security Code, new challenges will come before the EPFO in 2021. He said, to provide social security to the workers in the unorganized sector, the scope of their plans and network would have to be increased. These employees will be provided social security benefits under the Code. He says that in order to provide social security to workers in the unorganized sector, the EPFO will have to redesign its plans and services. Earlier, the question was raised as to who would contribute the employer’s share in a social security scheme like provident fund in case of unorganized sector. Now it has been said that this share will either be given by the government or the workers in the unorganized sector can join such schemes in which only their contribution will be given.
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Emphasis will be on self-sufficient India employment yoga
Labor Secretary Apoorva Chandra said, in 2021, the main focus of EPFO will be on Self-Reliant India Employment Scheme (ABRY) under which new appointments will be encouraged. Other efforts for delivery of services will also continue, Chandra said. But the main focus will be on employment generation under ABRY. Earlier this month, the central government approved ABRY. The objective of the scheme is to promote employment in the formal sector under Self-Reliant India Package 3.0. 22, between 2020 and 2023 under the plan 810 crores will be released. Under the ABRY scheme, the government will pay 12 percent of the contribution made by both their employees and employers to the provident fund for new employees hired from October 1, 2020 to June 30, 2021. The government will deposit this total amount of 24 percent in the Employees Provident Fund for two years. This scheme will be applicable in establishments in which up to one thousand people work. In the case of such institutions where there are more than 1,000 employees, the government will only deposit 12 percent of the employees in the Employees Provident Fund. To implement this scheme, EPFO will develop a software so that there is no error in the benefits available. In their case there are more than 000 employees, the government will only deposit 12 percent of the employees in the Employees Provident Fund. To implement this scheme, EPFO will develop a software so that there is no error in the benefits available. In their case there are more than 000 employees, the government will only deposit 12 percent of the employees in the Employees Provident Fund. To implement this scheme, EPFO will develop a software so that there is no error in the benefits available.
52 lakh employees evacuated between Corona
Labor Minister Santosh Ganwar said earlier this month that an amount of Rs 13,300 crore was released to 52 lakh employees under the EPFO under the Kovid-19 relief scheme. This amount given from provident fund will not be refunded. People were allowed to withdraw funds from the EPFO to make a living, due to the outbreak of the Corona virus epidemic and the closure of factories and factories during lockdown. EPSFO has decided to pay 8.5 percent interest on provident fund for the year 2019-20.
