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Plans to establish EPF Workers Bank

Hyderabad: Mr. Bandaru Dattatreya, Union Minister for Labour informed that EPF organization has Rs. 8 lakh crore in its corpus fund. There is a proposal to start EPF workers banks to facilitate EPF employees to get loans on easier terms. At the same time it would generate income. Central Board of Trustees of EPFO has already considered this issue twice. The secretaries of Labour and Finance are negotiating in this regard.



–Siasat News