Business »  Topic »  Coronavirus pandemic | PM Garib Kalyan scheme likely to cover only 16% of EPFO subscribers: Report

Coronavirus pandemic | PM Garib Kalyan scheme likely to cover only 16% of EPFO subscribers: Report


The scheme will reportedly cover only one-third of the the total 563,000 establishments registered with the EPFO.

The Centre's scheme to help the poor during the coronavirus outbreak may cover only 16 percent of 48 million Employees’ Provident Fund Organisation (EPFO) subscribers, according to a Business Standard report.

A part of the Rs 1.7 lakh crore Pradhan Mantri Garib Kalyan Yojana, the Centre will cover the EPF contribution of both employers and employees (total 24 percent) for the next three months.

But this is applicable only for companies with up to 100 employees, where 90 percent earn ...


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