This decision will especially provide relief to those unorganized and contract workers whose UAN has not been activated till now or who were facing difficulty in joining within the earlier deadline. This will provide additional time to avail the benefit of ELI (Employees’ Life Insurance) scheme.

What is ELI or EDLI scheme?

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Why is UAN and Aadhaar linking mandatory?

Employees of the Employees’ Provident Fund Organization (EPFO) who want to avail financial benefits under the Employment Linked Incentive (ELI) scheme, it is necessary for them to activate the Universal Account Number (UAN) and link their bank account with Aadhaar. This process is completed through Direct Benefit Transfer (DBT), through which eligible employees are given their benefits directly in their bank account.

What is ELI scheme?

The ELI (Employment Linked Incentive) scheme aims to encourage employment generation and provide financial assistance to employees. The scheme was introduced by Union Finance Minister Nirmala Sitharaman in the July 2024 budget.

There are three categories of ELI scheme

• Scheme A: Targets new employees joining EPF for the first time.
• Plan B: Promotes employment opportunities in the manufacturing sector.
• Scheme C: Provides incentives to employers.

Advantage of the new deadline

EPFO had extended the deadline for UAN activation and Aadhaar linking from 30 November 2024 to 15 December 2024. Now it has been extended once again and given time till 15 January 2025. This has brought great relief to those employees who had not completed this process till now.

Complete the process before the last date

If you want to avail the benefits under the ELI scheme, it is mandatory to complete UAN activation and Aadhaar linking on time. This scheme has been created to promote employment generation as well as provide financial security to the employees.

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. Today i.e. 30th November is the last day for the employees employed in the current financial year to activate their EPFO ​​Universal Account Number (UAN). If UAN is not activated, they will not be able to avail the benefits of Employment Linked Incentive (ELI Scheme). It was announced in the Union Budget 2024-2025 that all eligible employees will have to acquire their Universal Account Number and link their Aadhaar number to their bank account to participate in the ELI scheme. UAN can be activated online from home.

Union Finance Minister Nirmala Sitharaman launched three ELI schemes (A, B and C) during the General Budget 2024. The benefit of ELI is given through DBT, so all companies have been urged to ensure UAN activation and Aadhaar seeding for all new entrants. To ensure that maximum companies and employees benefit from the ELI scheme, the Ministry of Labor and Employment had directed EPFO ​​​​to work actively with the companies.

How to activate UAN online

UAN can be completed using Aadhaar based OTP process. You can do this important task by following the steps given below…

• First of all go to EPFO ​​membership portal.
• Now click on the “Activate UAN” link under “Important Links”.
• After this, fill the required details like UAN number, Aadhaar number, name, date of birth and Aadhaar linked mobile number.
• Give your consent for Aadhaar based OTP verification.
• Now click on “Get Authorization PIN” to get OTP on the Aadhaar linked mobile number.
• To complete the UAN activation process, enter the OTP received on your mobile number.
• After successful activation a password will be sent to your registered mobile number.

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