New Delhi: In the wake of Corona virus epidemic, Prime Minister Narendra Modi announced a package of Rs 20 lakh crore on Tuesday to make India self-reliant. Giving information about the use of this relief package, Finance Minister Nirmala Sitharaman announced on Wednesday the EPF of organized sector employees.
Finance Minister Nirmala Sitharaman said, “To ease the financial stress of the business, the government will continue with the decision to provide EPF for employees, which will provide liquidity relief of Rs 2,500 crore for 3 months. The benefit will be 3.67 lakh companies and 72.22 Lakh employees will get. ” “The government had earlier announced for March, April and May, which will now be implemented in June, July and August also,” he said.
Explain that in March, Finance Minister Nirmala Sitharaman had announced to pay EPF for three months. She had said, “24 percent (12 percent employees and 12 percent employers) of the EPF will be paid by the government for the next 3 months. This will be applicable for companies whose employees are up to 100 and in which 90 percent employees have an average income of 15,000. Per month. “
