Employees’ Provident Fund Organisation (EPFO) launches “Nidhi Aapke Nikat 2.0”

Tags: Economy/Finance National News

Employees’ Provident Fund Organisation (EPFO) launched “Nidhi Aapke Nikat 2.0”- A District Outreach Program for expanding its presence in more than 685 districts of the country on 27 January.

An overview of the news

• It was e-launched by Arti Ahuja, Secretary (Ministry of Labour & Employment) from the EPFO Headquarters, in the presence of Central Provident Fund Commissioner (CPFC) and officers of EPFO. 

• It is a massive district outreach program in all the districts of the country through Nidhi Aapke Nikat program.

• The objective of this program is to reach all the districts of the country on the same day i.e. 27th of every month. EPFO has organised camps in 685 districts of the country.

About EPFO

• Employees Provident Fund Organisation (EPFO) is a statutory organisation  set up under the Union  ministry of Labour and Employment was set up in 1951 by an Ordinance issued by the President. 

• Later Parliament passed the Employees' Provident Funds Scheme, act 1952.  

• It is the country’s largest social security organisation.

• EPFO assists the Central Board of Trustees in the administration of a provident fund scheme, pension scheme and an insurance scheme for the registered establishments in India.