Latest news with #EmployeesProvidentFundOrganization
United News of India
05-07-2025
- Business
- United News of India
EPFO announces incentives for first-time employees, employers under ELI scheme
Shimla, July 4 (UNI) The Employees Provident Fund Organization (EPFO) has launched a major employment-linked incentive (ELI) scheme under the union government, offering financial benefits to both first-time employees and employers. Speaking at a press conference in Shimla, Regional Commissioner Rakesh Kumar said that employees registering with EPFO for the first time can receive up to Rs. 15,000 in two installments. This applies to employees earning up to Rs1 lakh per month. The first installment is payable after six months of service, and the second after one year, following the completion of a financial literacy programme. A portion of the incentive will be deposited in a savings account, to be withdrawn later. The scheme aims to benefit around 1.92 crore employees and will remain active till 2029 for the construction sector and for two years for other sectors. Employers too will get incentives of up to Rs 3,000 per month for hiring new employees with a minimum six-month tenure. For manufacturing sector employers, the benefit extends up to four years. Establishments must hire at least two or five new employees, depending on workforce size. Kumar urged all EPF members to activate their UAN and update KYC to avail of the benefits. UNI ML RN
The Hindu
24-04-2025
- Business
- The Hindu
EPFO and ESIC to conduct Nidhi Aapke Nikat
The Employees Provident Fund Organization (EPFO) and Employees State Insurance Corporation (ESIC) are conducting an outreach programme Nidhi Aapke Nikat 2.0 which aims to redress grievances of the stakeholders of EPFO and ESIC. Nidhi Aapke Nikat 2.0 will be conducted on April 28, 2025 in M/s. Geethanjalee Matric Hr. Secondary School, near CODISSIA, Coimbatore., KPR Sugar and Apparels Limited, Kalipalayam village, Perumanallur, Tirupur., and in the Indcoserve on Church Road, Alwarpet, Coonoor, The Nilgiris. EPF members, ESI IPs, employers, pensioners and trade unions can visit the nearest venues in case of grievances faced, if any, between 10.30 a.m. to 12.30 p.m. for guidance. Additionally, the grievances related to EPFO and ESIC can be shared through email at and benefit-srokovai@
