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Govt. will pay PF contributions payment till August now

NEW DELHI: Given the Covid-19 pandemic, the Union Cabinet has decided to continue Provident Fund support extended to employees for another three months.

The Cabinet has approved the extension of the scheme where Government pays the contributions of employees and employers till August, Union Minister Prakash Javadekar told reporters after the Cabinet meeting. It will benefit all the establishments withup to 100 employees, and 90 per cent of such employees earn less than Rs 15,000 monthly wages.

Finance Minister Nirmala Sitharaman had announced in May that the Centre would extend the schemes under the Pradhan Mantri Garib Kalyan Yojana by three months, giving relief to 3.67 lakh employers and 72.22 lakh employees.

The PF contribution comes up to 24 per cent12 per cent of the employees share and 12 per cent share of employers.

However, it will exclude beneficiaries under Pradhan Mantri Rozgar Protsahan Yojana (PMRPY).

PTI