EPFO outreach programme

Subject : National Bodies

Section : Statutory body

Concept :

The Employees Provident Fund Organisation (EPFO) is going to organise a mass outreach programme in more than 700 districts on January 27.
Named ‘Nidhi aapkenikat 2.0′, the programme aims to increase the EPFO’s presence in all the districts of the country.
This programme will be a permanent feature and it is going to be conducted on 27 of every month.
It will also work as pension adalats, which was introduced by EPFO in 2021 to address the greivances of pensioners.

About EPFO

It is a statutory organization that manages provident fund and pension accounts for the workforce engaged in the organized sector in India.
It implements the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952.
The Employees’ Provident Fund and Miscellaneous Provisions Act, 1952 provides for the institution of provident funds for employees in factories and other establishments.
It is administered by the Ministry of Labour & Employment, Government of India.
It is one of the World’s largest Social Security Organisations in terms of clientele and the volume of financial transactions undertaken.

Central Board of Trustees

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 Trustees administers a contributory provident fund, pension scheme and an insurance scheme for the workforce engaged in the organized sector in India.
The Board operates three schemes – EPF Scheme 1952, Pension Scheme 1995 (EPS) and Insurance Scheme 1976 (EDLI).