EPFO Latest News: If you are a job holder and also a member of EPFO, then this news is of your use. Yes, EPFO is continuously working on the convenience of employees. In this sequence, Union Labor Minister Mansukh Mandaviya announced that the Employees Provident Fund Organization (EPFO) will launch a new software system EPFO 3.0 by June this year. He said that the new system will work like a banking system and its website will be more user-friendly.
ATM cards will be provided to EPFO members
In case of any emergency, EPFO members will be able to withdraw money up to a fixed limit. The Union Minister said that after the launch of EPFO 3.0, ATM cards will be provided to EPFO members. He said that the first phase of upgrading the website and system under IT System 2.01 will be completed by the end of January 2025. After this, there will be no problem in withdrawing money from the PF account due to mistake in the name or any other reason. He claimed that by May-June the entire system of EPFO will start working like a bank.
EPFO data is being centralized
Under IT System 2.01, all the data of EPFO is being centralized. Talking to journalists, he said that currently PF account holders have to face many problems while withdrawing money. But after the system upgrade, problems like mistake in name, Aadhaar and bank account number not being updated and PF of old company not being transferred will not be faced. After the system upgrade is complete, many types of work including PF withdrawal will be done easily. After this, it will not take much time to catch the mistakes and correct them.
Employment increased in NDA government compared to UPA government
Countering the opposition’s allegation of rising unemployment in the country, Mandaviya claimed that employment has increased in NDA government compared to UPA government. He said that employment in the country has increased by 36 percent in the last 10 years to 64.33 crores in 2023-24. Whereas in 2014-15 it was 47.15 crores. He said that under the UPA government, employment had increased by about 7 percent between 2004 and 2014. He said that during the UPA government, only 2.9 crore additional jobs were created between 2004 and 2014, while under the Narendra Modi government, 17.19 crore jobs were added between 2014-24.
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