Pradhan Mantri Garib Kalyan Yojana : A Scheme to implement the PMGKY package for credit of employee’s & employer’s share of EPF & EPS contributions (24% of wages) for three months by Govt. of India.

Overview:

The Govt. of India on 26.03.2020 relief package under Pradhan Mantri Garib Kalyan Yojana (PMGKY) and the Central Govt. proposes to pay 24 % of the monthly wages into EPF accounts for next three months of Wage-earners below Rupees 15,000/- per month, who are employed in establishments having up to one hundred employees, with 90% or more of such employees earning monthly wages less than Rs.15000/-

Validity of Scheme :The Scheme will be in operation for the wage months- March, 2020, April, 2020 and May, 2020.

Scheme Objectives

  • To support establishments employing up to one 100 employees,
  • the entire employees EPF contributions (12% of wages) and employers’ EPF & EPS contribution (12% of wages), totaling 24% of the monthly wages for the next three months shall be directly paid bythe Central Govt. in the EPF accounts (UAN) of employees, who :
    • are already members of EPF Scheme, 1952,
    • drawing wages less than Rs.15000/- per month and
    • employed in establishments, already covered under the EPF & MP Act, 1952,
    • employing up to 100 employees, with 90% or more of such employees earning less than Rs.15,000/-monthly wages.

Definitions for the Scheme

The definitions mentioned in various sub-sections of section 2 of The Employees’Provident Fund & Misc. Provisions Act, 1952 and Para 2 of the Employees’ Provident Funds Scheme, 1952, would be applicable mutatis mutandis to this scheme as well.

Eligibility for Scheme benefits:

For Establishments: For Employees:
The establishment or factory should already be covered and registered under the Employees’ Provident Funds & Misc. Provisions Act, 1952. Employee should be employed in any eligible establishment earning monthly wages of less than Rs.15000/-. The UAN of the employee should be seeded with his/her Aadhaar.
 

 

 

 

The total number of employees employed in the establishment should be up to 100 (one hundred), with 90% or more of such employees should be drawing monthly wages less than Rs.15000/-.

Employee should be a member of EPF Scheme, 1952 & Employees’ Pension Scheme, 1995 whose contributions are received for any period during last six months (September 2019 to February 2020) in the ECR filed by any eligible establishment against his/her UAN.

Such contributions in ECR should have been received on monthly wage of less than Rs. 15000/-

It is clarified that if any employee is already a registered beneficiary and his/her employer is availing benefits of payment of employer’s share by Central Govt. under PMRPY/PMPRPY 2016, no such benefit in r/o such employee shall be available under this Scheme of PMGKY.

Modalities for implementation of the Scheme

    • EPFO shall develop a software for implementing this Scheme and also develop aprocedure which is transparent and accountable at their own end.
    • EPFO shall credit the funds in the Aadhaar seeded accounts of members of EPF inelectronic manner.

Monitoring Mechanism

√ EPFO shall put in place a robust mechanism to monitor the implementation of the Scheme on a daily basis.

√ EPFO shall provide weekly reports to the Ministry of Labour & Employment(Directorate General of Employment), Govt. of India for effective monitoring of the Scheme.

Third Party evaluation

√ EPFO shall undertake Third Party Evaluation of the Scheme within a period of three months from the closure of the Scheme and send a report to the Ministry of labour&Employment, Govt. of India.

√ The expenditure incurred towards evaluation of the Scheme shall be borne by the EPFO out of its own resources.

Also Read-All about Govt. Relief For EPF & EPS contributions (24% of wages)

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4 Comments

  1. Mayur Manohar Rekha Chavan says:

    Good Morning,
    I Have To Discuss With Modiji Below Geniune Concern Points
    You Should Share In Your Articles Regarding EPFO/ESIC Etc
    Good Afternoon
    Modiji,I Want To Discuss With You Below Points On Conference Call Please Contact Me On 9773992412.
    Our Maharashtra,India All Common Man JANATA Has Really Negative Thinking With LOCKDOWN Because LOCKDOWN 5.0 And Unlock 2.0 Extend Is Not A Solution For COVIOD2019 State Central Government Should Deposit Rs.1Crores To All Common JANATA Saving Bank Accounts.For This Only 140 Lakhs Crores Needed. I Have Strategy Ready.Then Government Can Extend LOCKDOWN Months On Months Because As Per Our ICMR COVIOD2019 Vaccine Will Be By January,2022.Till Then How Many Times LOCKDOWN,Unlock Government Play
    Because We Need Money For Purchase Of Daily Meals,
    Utilities Bill,LoanEMI,Kids Education,Senior Citizens Medical Urgency
    Crores Of Private Employee’s Not Received Salary Since LOCKDOWN Started All Most 06 To 09 Months March,2020 To December,2020.
    All 545 LokSabha And 245 Rajyasabha MP’S And All 28 State’s MLA’s,MLC’S Legislative Council In 6 States All Received Approx 50% To 75% Salary As Per Central And State Government Norms For COVIOD19 Situation
    So,My Humble Suggestion To Our Visionary Prime Minister Of India Narendra Bhai Modiji
    28 States Chief Ministers,08 Union Territories Lt.Governor,Amitji Our Home Minister,All Cabinet Ministers,State Ministers Should Definitely Took Positive Towards Economic growth.
    Modiji Electricity Bill Should Be Wavier Off For All 28 states 08 Union Territories From March,2020 To March,2021.Specially High Bill’s In Maharashtra By MSEB,Adani,Tata,BEST,Torrent Electricity Companies MESB State Government UnderTaking Company But They Also Not Agree To Wavier Off So,Modiji Geniune Concern Discuss With Uddhavji Balasaheb Thackeray CM Maharashtra This And Financial Support For Crores Of Private Employee’sFamilies

    Due,To COVIOD2019.
    We All 140 Crores Population NDIAN’S Are COVIOD2019 WARRIOR’S. So,Government Should Also Pass In Parliament Urgent Ordinance That Any INDIAN Who Die or Death Due To COVIOD2019 Should Get His Nominated Hiers Medical Insurance Of Rs.1 Crores Because Any Body Death His Or Her Family Member’s Effect Financial.Jai Maharashtra Jai Hind,Jai BJP
    Jai Hind,Modiji,My Suggestion LOCKDOWN&COVID2019.Has Financially Broken Backbone Of Middle Class JANATA *MORATORIUM* Should Extend Till March2021.WithOut Extra INTEREST Burden On Loan Borrowers&Rs.2LakhsTo Rs.5Lakhs of Loan Should Be WavierOff By RBI It is For All Type’s Of Loan’s Borrowed From Public,Private,Cooperative Bank’s,NBFC’s India
    &CREDIT CARD’S EMI’S
    Our FARMER’s In India Get Loan’s Wavier Off Under Central&State Govt Scheme’s In Time Of DROUGHT,HEAVY RAIN CYCLONE CROP’S Un Cultivate

    Vande Mataram.
    Thanks
    Chavan Mayur Manohar Rekha
    9773992412.
    Kalyan West,Thane,Maharashtra,INDIA.
    Modiji We Will Discuss On Conference Call But Modiji You Are Busy With Geniune Work Of COVIOD19 CORONAVIRUS Pandemic Critical Situation Disease .
    Then Take My Points In Your Maan Ke Baat On 26th,July,2020.
    Modiji Continuesly Myself Contact To You Through Various Social Networking Sites Like:- Google,YouTube,Email’s,WhatsApp,Twitter,Instagram So,Recommend My Name For MLC’S 1 Out Of 12Member Of Legislative Council Maharashtra Governor Nominate 12 Members Yet To Be Elected In Maharashtra.
    Modiji 2nd Recommend My Name For Rajyasabha Member And 01 CABINET Minister PORTFOLIO For Our BJP Party.

  2. Uttam says:

    hello sir, I’m employer of a company, my questions about that PMGKY. I want to just clarifying my self to my all employee’s monthly wages in 15000 there are optional way to register with pf and so we are not register those account in my pf establishment whose salary is greater than 15000.
    my some question below 👇
    1. those employees will also count in 90% of employees/ or just registered employees on these scheme eligible?
    2. am I eligible for it or not? because (I’m showing my menu on eligible to fill form 5a and upload ecr from March2020 to may2020)

    plz tell me to work on this clearly.
    my mail is Uttam.kumar459@gmail.com

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