EPFO settles 56.79 lakh COVID-19 advance claims, disburses Rs 14,310 crore till Dec
The quantum of disbursement is indicative of the stress on formal sector workers that led to job loss, pay cuts and forced migration
BusinessToday.In | January 17, 2021 | Updated 14:30 IST
Employees Provident Fund Organisation settled 56.79 lakh COVID-19 non-refundable advance claims and disbursed Rs 14,310 crore till December 31. This is indicative of the adverse impact of the coronavirus pandemic on the employees in the formal sector. The EPFO has settled 56.79 lakh COVID-19 withdrawal claims and disbursed Rs 14,310 crore to subscribers during the pandemic till December 31, 2020, a source said, as mentioned in agency reports. The EPFO settled 197.91 lakh claims related to final settlement, death, insurance, advance claims and disbursed Rs 73,288 crore till December 31.