27 Nov, 2014 4:21p.m.

EPFO Clarifies - No plan to launch housing scheme

Retirement fund body EPFO has no plans to launch a housing scheme for its over five crore subscribers on additional contribution by its members, Parliament was informed today.

“No Sir,” Labour Minister Bandaru Dattatreya said in a written reply to the Rajya Sabha on a question whether Employees’ Provident Fund Organisation (EPFO) has chalked out a scheme for providing housing to its subscribers on additional contribution.

The idea to provide housing by EPFO on additional contribution 10 per cent of subscribers’ basic wages was mooted earlier this year by Labour Minister Oscar Fernandes during a function of the body in January.

Read full article at http://www.thehindubusinessline.com/economy/policy/no-plan-to-launch-housing-scheme-for-epfo-members-govt/article6636308.ece
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