Epfo bonus for new employees: The government has launched a

The government has launched a new Employees ’ Enrolment Scheme 2025 to bring more Indian workers under the ambit of the Employees ’ Provident Fund Organisation ( EPFO ). Announced by Union Labour and Employment Minister Mansukh Mandaviya on November 1, the scheme marks a significant step towards ... The first scheme aims to support EPFO enrollments for new employees in all formal sectors. It offers a month’s wage payout, distributed in three instalments of up to Rs15,000 per month. The new EPFO scheme encourages employers to voluntarily enroll eligible employees and ensures ease of doing business with reduced penalties. New Delhi: Pension fund regulator Employee ’s Provident Fund Organisation has announced plans to provide a Rs 50,000 bonus to certain subscribers if they meet particular criteria. With a net subscriber base over 13 million , the EPFO is one of the largest social security schemes for formalised workers in India, in which the employer matches the employee ’s contribution. The EPFO is a systematic retirement savings scheme that offers pre-withdrawal under certain circumstances. One of the ...