EPFO Archives - Universal Group Of Institutions
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19Oct 2024

EDLI Scheme: Ensuring Insurance for Private Sector Employees

Why in the news? The EDLI scheme has gained attention as the government recently increased the maximum assured benefit to Rs 7 lakh, enhancing social security for private sector employees, especially during uncertain times of employment and economic fluctuations. Overview of EDLI Scheme: The Employees Deposit Linked Insurance (EDLI) Scheme was launched in 1976 by …

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24Sep 2024

EPFO Records 20 Lakh New Members in July 2024

Why in the news? EPFO added a record-breaking 19.94 lakh net members in July 2024, reflecting significant job growth and increasing  female participation in India’s formal employment sector. Record EPFO Member Additions in July 2024: Net Additions: EPFO added 19.94 lakh members in July 2024, the highest since April 2018. Growth: This represents a 6.3% …

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