Rs. 481.63 Crores disbursed to 40,826 members by exempted PF trusts under PMGKY

The provision for a special withdrawal from the EPF Scheme to tide over the COVID -19 pandemic is part of the Pradhan Mantri Gareeb Kalyan Yojna (PMGKY) Scheme announced by Government and an urgent notification introduced Para 68 L (3) in the EPF Scheme for this purpose, on 28th March 2020. Under this provision non- refundable withdrawal to the extent of the basic wages and dearness allowances for three months or upto 75% of the amount standing to the member’s credit in the EPF account, whichever is less, is provided. The member can apply for lesser amount also.

It is heartening to report that the exempted PF trusts have also risen to the occasion amidst the COVID-19 pandemic. As on the forenoon of 17.04.2020, Rs. 481.63 crores (Rs. 481,63,76,714) have been disbursed to 40,826 PF Members as advance under para 68-L for COVID-19 by the exempted PF Trusts.

Top 10 exempted establishments:

Some of the exempted establishments have also done exemplary work in this regard. As on 17.04.2020, the top 10 exempted establishments in terms of the amount disbursed for COVID-19 claims, are given below:

SL. NO.	Establishment Name	No. of Application received in respect of COVID-19 claims	No. of COVID-19 claims settled	Amount disbursed
1	NEYVELI LIGNITE CORPORATION, NEYVELI, 701-CUDDALORE, 607802	3255	3255	84,44,00,000
2	TATA CONSULTANCY SERVICES LIMITED, Mumbai	9373	9373	43,34,04,641
3	VISAKHAPATNAM STEEL PLANT, Vizag	1708	1708	40,99,37,800
4	NTPC Limited, Delhi	925	925	28,74,21,531
5	HCL Technologies Ltd./Hindustan Instrument Ltd. Employees Provident Fund Trust, Gurgaon	6938	4415	27,14,03,862
6	POWER GRID CORPRATION OF INDIA LTD. Delhi	1263	1089	26,17,32,403
7	ONGC, Dehradun	2297	1723	24,17,00,000
8	BHEL RC Puram	1367	1199	22,22,15,000
9	M/S BHEL Bhopal	1758	926	16,42,00,001
10	HINDUSTAN PETROLEUM CORPORATION LTD., Mumbai	461	461	14,33,10,000

Courtesy: pib.gov.in