To : Members of the Council
Sub.: Extension of the validity of the Scheme for implementation of Pradhan Mantri Garib Kalyan Yojana (PMGKY) package for both the Employers’ and Employees’ EPF contribution for a further period of three Wage months
As you may be aware, in line with the relief PMGKY relief Package announced by the Finance Ministry owing to COVD- 19, the Government of India, to support the Employers employing upto 100 employees with 90% or more of such employees earning less than Rs.15,000/- monthly wages, had proposed to pay 24% (i.e, 12 % contribution by the Employer’s and 12% contribution by the Employee’s contribution) of the monthly wages for a further period of three months into the EPF account of the Employees’ i.e., for the wage months of June, July and August, 2020.
In line with the said extended relief package, now the Employees Provident Fund Organisation, New Delhi vide its Notification No. C-/Misc./2020/-2021/Vol.II/Pt 1142 dated 14th July, 2020, has amended the Scheme so as to extend the benefit under the Scheme shall be applicable for a further period of three months ie., for the wage months of June, July and August, 2020. Hence the Scheme is in operation for the wage months from March, 2020 to August, 2020
Members may kindly make a note of the above.