The Employees Provident Fund Organization (EPFO) has taken an important decision regarding the Employment Linked Incentive (ELI) scheme. EPFO has extended the last date for adding Universal Account Number (UAN) in the ELI scheme.
EPFO has extended this deadline to 15 December 2024. Earlier this deadline was 30 November 2024. EPFO has given this information on the social media platform X. Apart from this, the government has also extended the last date for linking bank account with Aadhaar.
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The scheme came in the budget of 2024-25
In the budget for the financial year 2024-25, three schemes A, B and C were announced for the employment-related incentive scheme. It has a target of generating employment, skills and other opportunities for 4.1 crore youth in 5 years with an expenditure of Rs 2 lakh crore. The target of the ELI scheme is to create more than 2 crore jobs in 2 years. In this, Scheme A will focus on first-time employment and EPF scheme. Scheme B will focus on creating jobs in manufacturing and Scheme C will focus on employer support.
Dear Employers,
The date of UAN activation and Aadhaar seeding of Bank Account has been extended till 15th December.
Ensure to do the same for all employees who have joined in the current financial year, starting with the latest joinees, to avail the benefit of the Employment… pic.twitter.com/u0Sob5Qujf— EPFO (@socialepfo) December 4, 2024
You will be able to take advantage of many services
Activating UAN will give employees access to many services of EPFO. This will enable them to manage their PF accounts well. They can view and download PF passbook. Apart from this, employees can make partial withdrawals or submit claims for advance or transfer.
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