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Rs. 481.63 Crores disbursed to 40,826 members by exempted PF trusts under PMGKY

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New Delhi: The provision for a special withdrawal from the EPF Scheme to tide over the COVID -19 pandemic is part of the Pradhan Mantri Gareeb Kalyan Yojna (PMGKY) Scheme announced by Government and an urgent notification introduced Para 68 L (3) in the EPF Scheme for this purpose, on 28th March 2020. Under this provision non- refundable withdrawal to the extent of the basic wages and dearness allowances for three months or upto 75% of the amount standing to the member’s credit in the EPF account, whichever is less, is provided. The member can apply for lesser amount also.

It is heartening to report that the exempted PF trusts have also risen to the occasion amidst the COVID-19 pandemic. As on the forenoon of 17.04.2020, Rs. 481.63 crores (Rs. 481,63,76,714) have been disbursed to 40,826 PF Members as advance under para 68-L for  COVID-19 by the exempted PF Trusts.

Top 10 exempted establishments:

Some of the exempted establishments have also done exemplary work in this regard. As on 17.04.2020, the top 10 exempted establishments in terms of the amount disbursed for COVID-19 claims, are given below:

SL. NO. Establishment Name No. of Application received in respect of COVID-19 claims No. of COVID-19 claims settled Amount disbursed
1 NEYVELI LIGNITE CORPORATION, NEYVELI, 701-CUDDALORE, 607802 3255 3255 84,44,00,000
2 TATA CONSULTANCY SERVICES LIMITED, Mumbai 9373 9373 43,34,04,641
3 VISAKHAPATNAM STEEL PLANT, Vizag 1708 1708 40,99,37,800
4 NTPC Limited, Delhi 925 925 28,74,21,531
5 HCL Technologies Ltd./Hindustan Instrument Ltd. Employees Provident Fund Trust, Gurgaon 6938 4415 27,14,03,862
6 POWER GRID CORPRATION OF INDIA LTD. Delhi 1263 1089 26,17,32,403
7 ONGC, Dehradun 2297 1723 24,17,00,000
8 BHEL RC Puram 1367 1199 22,22,15,000
9 M/S BHEL Bhopal 1758 926 16,42,00,001
10 HINDUSTAN PETROLEUM CORPORATION LTD., Mumbai 461 461 14,33,10,000

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