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EPFO settles 52 lakh Covid-19 claims

Disburses `13,300 cr, says Gangwar

Santosh Kumar Gangwar

Santosh Kumar Gangwar

New Delhi: Retirement fund body EPFO has settled 52 lakh Covid-19 non-refundable advance claims, and disbursed Rs 13,300 crore so far, Labour Minister Santosh Gangwar said on Wednesday.

In March, the government had allowed over 6 crore subscribes of EPFO to withdraw an amount not exceeding their three months basic pay and dearness allowance from their EPF account in view of the lockdown to fight the pandemic. Speaking at Assocham Foundation Week programme, Gangwar said EPFO has settled 52 lakh Covid-19 withdrawal claims and disbursed Rs 13,300 crore to subscribers during the pandemic.

He noted that the country has faced the pandemic with brave face. The Centre had launched the Pradhan Mantri Garib Kalyan Yojana (PMGKY) on March 26 to help the economically weaker sections cope with the pandemic. A provision for withdrawal from the EPF Scheme was announced by the government and an urgent notification issued, providing for non-refundable withdrawal to the extent of basic wages and DA for three months or up to 75 per cent of the amount standing to member's credit in the EPF account, whichever is less.

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