Top News

New Delhi. The Central Board of Tusks Board of Employees Provident Fund Organization- EPFO ​​is proposed on 10-11 October next month. In this meeting, the time limit to implement the EPFO ​​3.0 system will be set, which will provide facilities like core banking to the members. Also, the review of the progress of the employment incentive scheme will be included in the agenda. Also, the decisions to the old board meeting are to be reviewed.

There is a possibility of intensive discussion about EPFO’s Software 3.0 (EPFO Software 3.0) in the meeting, as it is the government’s priority work, through which EPFO ​​members have to be provided with core banking. The software should have come by June according to the predetermined date, but there was a technical problem in two modules, due to which the delay was delayed.

Now the Ministry of Labor and Employment wants to work according to the time limit, so that the accountability of the people working on the software can also be decided.

When can EPFO ​​3.0 come
It is likely that by the beginning of next year, EPFO ​​3.0 will come, which will be decided in the board meeting. Keep in mind that with the help of this system, EPFO ​​members will be allowed to withdraw with ATMs. Members will be able to withdraw a fixed amount from their account without any prior approval. This will benefit eight crore members of EPFO.

Work to the scheme will be discussed
The meeting will review the work to the Employment incentive (ELI) scheme operated under the supervision of EPFO. The scheme, implemented from August 1, will run till 31 July 2027. Its purpose is to create more than 3.5 crore new formal jobs across the country. Employees working for the first time through the scheme are encouraged up to Rs 15,000 and employers to be given an incentive of three thousand rupees per month for new employees with salary up to one lakh.

Now the meeting will be reviewed that what has been the progress of the plan during the last months. What kind of efforts need to be made for the benefit of the scheme to get a large number of people. All of them will be discussed.

Discussion of increasing minimum pension
On the other hand, it is being told that there may be discussion about increasing the minimum pension. Although sources say that the issue is not yet on the agenda, but the process of preparing the agenda is going on, due to which pension issues are likely to be included. At present, the minimum pension of EPFO ​​is Rs 1,000 per month, which has been demanding to increase the employees union. It is expected that the government may make this amount Rs 1,500 or Rs 2,500.