The labour ministry notified the special scheme wherein the government will contribute 24% of the employee and employer provident fund share per month for three months to PF accounts of employees earning less than Rs 15,000 to tide over the impact of Covid-19 on small establishments. Under the scheme, the central government will grant relief in form of credit of EPF & EPS contributions (24% of wages) for three months in UANs of contributory EPF members, earning monthly wage of less than Rs 15,000. It will cover staff already employed in EPFcovered establishments/factories employing up to 100 employees with 90% or more of such employees earning monthly wage of less than Rs 15000.
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