Rs. 2500 crore EPF Support for Business & Workers for 3 more months
Businesses continue to face financial stress as they get back to work.
Under Pradhan Mantri Garib Kalyan Package (PMGKP), payment of 12% of employer and 12% employee contributions was made into EPF accounts of eligible establishments.
This was provided earlier for salary months of March, April and May 2020
This support will be extended by another 3 months to salary month s of June, July and August 2020
This will provide liquidity relief of Rs 2500 cr to 3.67 lakh establishment s and for 72.22 lakh employees.