In order to give liquidity support, EPF contribution for the next 3 months has been reduced to 10 per cent from the existing 12 per cent, for all establishment covered by the EPFO, Finance Minister, Nirmala Sitharaman announced.
Announcing the details as a part of the Atmanirbhar economic package she said that CPSEs and state PSUs will continue to contribute 12 per cent. This benefit is expected to provide liquidity support to the tune of Rs 6,750 crores.
The government has extended the EPF support of up to Rs 2,500 crore for another three months.
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/img/2019/09/epfo-1568881827.jpg "Atmanirbhar Package: EPF Contribution Reduced For Business Workers")
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