New Delhi:<\/strong> Union Minister for Labour & Employment and Youth Affairs & Sports, Dr. Mansukh Mandaviya launched a new \u2018Online facility for Surrender of Exemption from EPF Scheme\u2019 in New Delhi on Tuesday.<\/p>\n Sumita Dawra, Secretary, Labour & Employment and Smt. Neelam Shami Rao, Central P F Commissioner and other officials were also present on the occasion.<\/p>\n Speaking during the launch, Dr. Mandaviya mentioned that the online facility is the first of the six modules under the EPFO Central IT System 2.01 that has been implemented in advance. \u201cThis facility will reduce the time and effort while providing facilities such as online submission of applications,\u00a0 validation of applications and transfer of past accumulations of the member.<\/p>\n It will replace the earlier system of physical submission with voluminous documents and allow the establishment to track its application with a tracking ID. This facility will benefit at least 1 lakh members of 70 establishments to transfer the accumulations of almost Rs 1000 crores, as and when their surrenders are admitted.\u201d, the Union Minister added.<\/p>\n Union Minister also reviewed the IT interventions including the new EPFO Central\u00a0 IT System 2.01.\u00a0 He expressed satisfaction with the readiness of the facilities for the seamless implementation of ELI schemes announced in the Union Budget. He also reviewed the plans towards the new Integrated Grievance Management System. He directed that efforts should also be made for planning for the adaptation of newer technologies including Artificial Intelligence etc in EPFOs IT system.<\/p>\n [ad_2] [ad_1] New Delhi: Union Minister for Labour & Employment and Youth Affairs & Sports, Dr. Mansukh Mandaviya launched a new \u2018Online facility for Surrender of Exemption from EPF Scheme\u2019 in New Delhi on Tuesday. Sumita Dawra, Secretary, Labour & Employment and Smt. Neelam Shami Rao, Central P F Commissioner and other officials were also present […]<\/p>\n","protected":false},"author":1,"featured_media":40421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[],"class_list":["post-40420","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"jetpack_featured_media_url":"https:\/\/thenftimes.com\/wp-content\/uploads\/2024\/08\/mansukh-madaviya.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/40420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=40420"}],"version-history":[{"count":1,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/40420\/revisions"}],"predecessor-version":[{"id":40422,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/40420\/revisions\/40422"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media\/40421"}],"wp:attachment":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=40420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=40420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=40420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"\/](\"https:\/\/static.pib.gov.in\/WriteReadData\/userfiles\/image\/IMG-20240813-WA0003ZUV9.jpg\")
Union Minister further mentioned that EPFO has taken a number of initiatives to address many of the present issues. These are the first steps of the many other initiatives that are planned in the immediate future, he added. He emphasized further simplification of the process for ease of members and timely delivery of new IT systems of EPFO in this calendar year. Union Minister urged officers to find timely solutions to current issues while having a vision for the future.<\/p>\n![\"\"\/](\"https:\/\/static.pib.gov.in\/WriteReadData\/userfiles\/image\/IMG-20240813-WA00040WUM.jpg\")
In the last two years, 27 companies have surrendered their exemptions, adding \u20b91688.82 crores and 30,000 employees to the provident fund under the Employees\u2019 Provident Fund Organisation (EPFO) as a result of improved services by EPFO and better benefits under the EPF scheme.\u00a0It shows the increasing confidence of the stakeholders in EPFO\u2019s service and benefit delivery.<\/p>\n<\/div>\n
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