The Staff’ Provident Fund Organisation (EPFO) is eyeing enlargement in its product providing from provident fund to pension to healthcare, maternity and incapacity advantages. Officers stated the physique has a long-term experience in catering to primary social safety entitlement and this makes it apt to turn out to be supervisor of a primary social safety ground (SPF).
A proposal on this regard is within the works and preliminary discussions are happening, stated officers.
The SPF is a nationally outlined set of primary social safety ensures which safe safety aimed toward stopping or assuaging poverty, vulnerability and social exclusion, and contains entry to important healthcare and primary revenue safety.
EPFO is initially trying to goal greater than 450 million employees, 90% of that are within the unorganised sector. The concept will probably be firmed up over the subsequent few months.
