Optimize IAS
  • Home
  • About Us
  • Initiatives
    • Daily Practice Sheets
    • Daily Prelims Notes
    • Prelims Power Play
    • Friday Factly
    • Sunday Essay Sadhna
    • Mains Master Notes
    • Public Administration Answer Writing
  • Courses
    • Laqshya 2021 / Laqshya 2021 Advance (Prelims)
    • Santosh Sir 700+ Mains Mentorship Program
    • Our Video Courses
  • PROVEN STRATEGY
    • Prelims Strategy
    • Mains Strategy
    • Interview Strategy
    • Sunday Success Sutra
  • Resources
    • DPS Compilation
    • DPN Compilation
    • Friday Factly Compilation
    • Sunday Essay Sadhna Compilation
    • PSIR Notes
    • General Studies Notes
    • UPSC Mains Previous Year Papers
  • Contact Us
  • Home
  • About Us
  • Initiatives
    • Daily Practice Sheets
    • Daily Prelims Notes
    • Prelims Power Play
    • Friday Factly
    • Sunday Essay Sadhna
    • Mains Master Notes
    • Public Administration Answer Writing
  • Courses
    • Laqshya 2021 / Laqshya 2021 Advance (Prelims)
    • Santosh Sir 700+ Mains Mentorship Program
    • Our Video Courses
  • PROVEN STRATEGY
    • Prelims Strategy
    • Mains Strategy
    • Interview Strategy
    • Sunday Success Sutra
  • Resources
    • DPS Compilation
    • DPN Compilation
    • Friday Factly Compilation
    • Sunday Essay Sadhna Compilation
    • PSIR Notes
    • General Studies Notes
    • UPSC Mains Previous Year Papers
  • Contact Us

Employees Provident Fund Organization

  • July 16, 2020
  • Posted by: admin1
  • Category: DPN Topics
No Comments
Print Friendly, PDF & Email

Subject: Organisation

Context:

Several board members have flagged concerns about the inadequate sharing of information about the Fund’s investments and delays in approval for the interest rate for 2019-20

Concept:

  • EPFO is one of the World’s largest Social Security Organisations in terms of clientele and the volume of financial transactions undertaken.
  • The Employees’ Provident Fund came into existence with the promulgation of the Employees’ Provident Funds Ordinance on the 15th November, 1951. It was replaced by the Employees’ Provident Funds Act, 1952.
  • The Act and Schemes framed there under are administered by a tri-partite Board known as the Central Board of Trustees, Employees’ Provident Fund,consisting of representatives of Government (Both Central and State), Employers, and Employees.
  • The Central Board of Trusteesadministers a contributory provident fund, pension scheme and an insurance scheme for the workforce engaged in the organized sector in India.
  • The EPFO is under the administrative control of Ministry of Labour and Employment, Government of India
  • The Board operates three schemes – EPF Scheme 1952, Pension Scheme 1995 (EPS) and Insurance Scheme 1976 (EDLI).
  • Employees’ Provident Fund Organisation has a vision to reposition itself as a world class Social Security Organisation providing futuristic services meeting the growing requirements of all categories of its stakeholders. EPFO Vision 2030 envisages:
  • Universal Social Security Coverage on mandatory basis by way of Provident Fund, Pension and Life Insurance for all workers of the country
  • Online Services for all EPFO benefits with State-of-the-Art Technology
  • Implementation of policies for a benefit structure with adequate support level of social security
Employees Provident Fund Organization Organisation
Print Friendly, PDF & Email
Loading

Recent Posts

  • Quiz 2021: Prelims Power Play 27 January 2021 January 27, 2021
  • Daily Prelims Notes 27 January 2021 January 27, 2021
  • FICCI January 27, 2021
  • GOVIND BALLABH PANT January 27, 2021
  • UNSC January 27, 2021
  • INDIAN ASTRONOMICAL UNION January 27, 2021
  • REGEN-COV January 27, 2021
  • EUROPEAN COMMISSION January 27, 2021
  • SILENT CYBER January 27, 2021
  • CCI January 27, 2021

About

If IAS is your destination, begin your journey with Santosh Sir. I have the distinction of clearing all 6 UPSC CSE Prelims with huge margins.

I mastered the art of clearing UPSC CSE Prelims and in the process devised an unbeatable strategy to ace Prelims which many students struggle to do 

My Initiative

  • Daily Practice Sheets
  • Daily Prelims Notes
  • Friday Factly
  • Prelims Power Play
  • Sunday Essay Sadhna

My Proven Strategy

  • Interview Strategy
  • Mains Strategy
  • Motivational
  • Prelims Strategy

Contact us

Contact@optimizeias.com

Search