The Employees Provident Fund Organization (EPFO) has settled 56.79 lakh advance claims related to Covid-19 as on 31 December 2020, among Coronavaras spread across the country.
New Delhi: Amongst Corona vairas spread across the country, the Employees Provident Fund Organization (EPFO) has settled 56.79 lakh advance claims related to Kovid-19 as on 31 December 2020. Explain that under these claims EPFO has disbursed Rs 14,310 crore. Please tell that there will be no need to return this advance to the shareholders of EPFO.
A nationwide lockdown was imposed in March to prevent the spread of the corona virus epidemic. At that time, the central government had allowed more than six crore shareholders of EPFO to withdraw an amount equal to three months basic salary and dearness allowance from their accounts.
This distribution was made till 31 December, a source said that by December 31, 2020, EPFO has disbursed 56.79 lakh clearance claims and disbursed Rs 14,310 crore. The source said that EPFO has disbursed 197.91 lakh claims of final settlement, death, insurance and advances till December 31, 2020 and disbursed Rs 73,288 crore.
The organized sector was affected and about 20 percent of the total amount distributed during this period is related to Kovid-19 advance. The source says that Kovid-19 advance claims show that the organized sector workforce of the country has been badly affected by this epidemic. During this time, people have lost employment on a large scale.
Let us tell you the cut in salary, a large number of people had their salary cut and forced migration has also taken place. The Center started the Pradhan Mantri Garib Kalyan Yojana (PMGKY) on 26 March for the economically weaker section due to the epidemic. Apart from this, the government had also provided the facility of withdrawal from the EPF scheme. Sources said that during this period private EPF trusts disbursed 4.19 lakh Kovid-19 advance claims and disbursed Rs 3,983 crore.