The state government of Telangana is planning to implement EPF housing scheme for the Employees Provident Fund Subscriber of the state. Union Minister for Labour Bandaru Dattatreya said on Monday. Under the scheme, the EPF subscribers, employees of private organizations, would be allowed to withdraw 90 per cent of the EPF amount and would also be arranged loans with lower interest rates.
The Union Minister stated that over 4 lakh workers/employees of 1.4 lakh employers in Telangana were newly enrolled under the EPF scheme from January 1 to March 31 this year as part of the amnesty scheme taken up by the ministry to bring the non-subscribers into the EPF fold. Telangana stood first in the country in such enrolment.
Dattatreya said that there were 55 lakh subscribers under EPF in Telangana, 24 lakh of them had already activated their Universal Account Numbers (UAN) and 11 lakh had linked their PF accounts with their Aadhaar numbers.
On the new Regional Office, the Union Minister said it was serving 15 lakh PF subscribers from 8,000 organisations and had also 27,000 pensioners. Foundation for the own building would be laid soon and requested the State Government to process the formalities for the land identified at the earliest. They had plans to move into own premises in 18 months.