Lok Sabha Question No. 2901 (UNSTARRED), answered on 2017-03-20
Subject: Total Fund of EPF
Ministry: LABOUR AND EMPLOYMENT
Asked by: NISHIKANT  DUBEY

## GOVERNMENT OF INDIA MINISTRY OF LABOUR AND EMPLOYMENT

## LOK SABHA

## UNSTARRED QUESTION NO. 2901 TO BE ANSWERED ON 20.03.2017

## TOTAL FUND OF EPF

## 2901. SHRI NISHIKANT DUBEY:

Will the Minister of LABOUR AND EMPLOYMENT be pleased to state:

- (a)the steps taken/being taken by the Government  to  bring in more employees  from  Public  and  Private  sector  as  well  as  from  unorganized sectors into the ambit of EPF;
- (b)the  total  number  of  EPF  accounts  and  the  amount  accumulated  in  their accounts as on date, zone-wise, State/UT-wise;
- (c)the number of EPF accounts not updated and undistributed interest lying in  Interest  Suspense  Account  and  closing  balance  as  per  consolidated Annual Accounts of the EPFO till 31st March 2016; and
- (d)the steps taken by Government for speedy disposal of EPF claims of the EPF subscribers?

## ANSWER

## MINISTER OF STATE (IC) FOR LABOUR AND EMPLOYMENT (SHRI BANDARU DATTATREYA)

- (a): The  Employees'  Provident  Funds  &  Miscellaneous  Provisions  (EPF  & MP)  Act,  1952  is  applicable  to  every  establishment  employing  20  or  more persons  which  is  either  a  factory  engaged  in  any  industry  specified  in Schedule-I of the Act or an establishment to which the Act has been made applicable by the Central Government by notification in the Official Gazette.

An Employees' Enrolment Campaign, 2017 has been launched for the period  01.01.2017  to  31.03.2017  to  bring  in  more  workers  in  the  ambit  of EPFO. Under the campaign, an employer, whether already covered or yet to be covered, can enroll employees who remained un-enrolled for any reason between  01.04.2009  and  31.12.2016  by  making  a  declaration  of  such employees during the campaign period. Such declaration shall be valid only in  respect  of  employees  who  are  alive  as  on  1 st   January,  2017  and  no proceedings under section 7A of the Employees' Provident Funds & Miscellaneous Provisions (EPF & MP) Act, 1952 or under paragraph 26B of the Employees' Provident Funds (EPF) Scheme, 1952 or under paragraph 8 of the  Employees'  Pension  Scheme,  1995  have  been  initiated  against  their establishment or employer, as the case may be, to determine the eligibility for membership of such employees.

- (b): There  was  a  total  of  17.14  crore  Employees'  Provident  Fund  (EPF) accounts as on 31.03.2016. The State/UT-wise details of EPF accounts and amounts accumulated therein, as on 31.03.2016 is at Annex.
- (c):        As  on  31.03.2016,  a  total  of  12.21  lakh  accounts  were  pending  for updation.

There is no account known as 'Interest Suspense Account'. However, para  51  of  the  Employees'  Provident  Funds  Scheme,  1952  provides  for 'Interest Account' in which income to the Fund is credited and out of which interest to the members is paid. As per the consolidated Annual Accounts of the EPFO, till 31st March, 2016, Rs. 9,737.46 crore is available to be credited to the subscribers' accounts upto 31.03.2016.

As per consolidated Annual Accounts of EPFO for the year 2015-16, the closing balance in Interest Account as on 31st March, 2016 is Rs. 45,135.25 crore.

- (d):    EPFO has taken various steps for speedy settlement of claims which inter alia include:
-  Composite  Claim  Form  (Aadhaar)  and  Composite  Claim  Form  (NonAadhaar) has been introduced by replacing the erstwhile Claim Forms No. 19, 10C and 31, with a view to simplify the submission of claims by the subscribers.  The  Composite  Claim  Form  has  been  further  simplified  to include self-certification by EPF subscribers.  The Composite Claim Form (Aadhaar)  can  be  submitted  to  the  EPFO  without  attestation  of  their employers.
- 
- EPFO has mandated to settle claims within 20 days.
-  Online  Transfer  Claim  Portal  (OTCP)  has  been  introduced  to  facilitate seamless transfer of claims.
-  An online payment facility has been developed for employers for payment of  dues.  The  internet  banking  (INB)  facility  enhances  efficiency  and payment  and  ensures  anytime,  anywhere  online  access  while  usage  of existing internet bank account to make payments online.
-  National Electronic Fund Transfer (NEFT) has been introduced for payments.

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## ANNEXURE REFFERED TO IN REPLY TO PART (b) OF LOK SABHA UNSTARRED QUESTION  NO.  2901  FOR  REPLY  ON  20.03.2017  BY  SHRI  NISHIKANT  DUBEY REGARDING TOTAL FUND OF EPF.

## State/UT- wise EPF accounts and the amount accumulated in the accounts

(As on 31-03-2016)

| S. No.   | State/UT                                                                            | No. of Accounts (in lakh)   | Amount ( in Crore)   |
|----------|-------------------------------------------------------------------------------------|-----------------------------|----------------------|
| 1        | ANDHRA PRADESH                                                                      | 32.63                       | 7,066.54             |
| 2        | BIHAR                                                                               | 10.39                       | 1,780.66             |
| 3        | CHHATTISGARH                                                                        | 13.30                       | 2,652.10             |
| 4        | DELHI                                                                               | 139.72                      | 30,647.53            |
| 5        | GOA                                                                                 | 11.89                       | 2,271.95             |
| 6        | GUJARAT (includes Daman & Diu and Dadra & Nagar Haveli)                             | 134.20                      | 22,829.71            |
| 7        | HARYANA                                                                             | 123.92                      | 18,914.45            |
| 8        | HIMACHAL PRADESH                                                                    | 11.66                       | 2,400.04             |
| 9        | JHARKHAND                                                                           | 18.12                       | 2,637.87             |
| 10       | KARNATAKA                                                                           | 201.61                      | 54,577.49            |
| 11       | KERALA (includes Lakshadweep)                                                       | 26.36                       | 9,367.64             |
| 12       | MADHYA PRADESH                                                                      | 38.39                       | 9,625.90             |
| 13       | MAHARASHTRA                                                                         | 341.28                      | 1,02,015.69          |
| 14       | STATES OF ASSAM, ARUNACHAL PRADESH, TRIPURA, MEGHALAYA, NAGALAND, MANIPUR & MIZORAM | 8.18                        | 2,706.11             |
| 15       | ODISHA                                                                              | 26.30                       | 5,849.50             |
| 16       | PUNJAB (includes Chandigarh)                                                        | 56.36                       | 12,826.38            |
| 17       | RAJASTHAN                                                                           | 42.73                       | 8,539.18             |
| 18       | TAMIL NADU (includes Puducherry)                                                    | 210.13                      | 42,514.86            |
| 19       | TELANGANA                                                                           | 93.93                       | 23,401.39            |
| 21       | UTTARAKHAND                                                                         | 22.74                       | 3,321.92             |
| 21       | UTTAR PRADESH                                                                       | 72.43                       | 16,618.05            |
| 22       | WEST BENGAL (includes Sikkim and Andaman & Nicobar Islands)                         | 77.87                       | 18,589.68            |
|          | All India Total                                                                     | 1,714.14                    | 4,01,154.63          |

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