The Union Labour Ministry is planning to introduce Group Insurance Housing Scheme with an objective to provide housing to all homeless subscribers of the Employees' Provident Fund (EPF) scheme by 2022.
On the new Regional Office, the Union Minister said it was serving 15 lakh PF subscribers from 8,000 organisations and had also 27,000 pensioners.
Under the scheme, the EPF subscribers, employees of private organisations, would be allowed to withdraw 90 per cent of the EPF amount and would also be arranged loans with lower interest rates, Union Minister for Labour Bandaru Dattatreya stated here on Monday.
Union Minister Bandaru Dattareya being accorded a traditional welcome during the inauguration of Employees Provident Fund Organisation Regional Office in Kukatpally, in Hyderabad, on Monday.
Sarveswaran, Regional PF Commissioner K. Ravindra Kumar, Malkajgiri MP Ch.
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