Gvt. considering low-cost housing scheme for EPFO subscribers
Government is working on a scheme to provide low-cost housing for retirement fund body EPFO's over five crore subscribers, Parliament was informed Monday. "Government is exploring the possibility for providing a suitable low-cost housing scheme for subscribers of Employees' Pension Fund. It is in preliminary discussion stage," Labour Minister Bandaru Dattatreya said in a written reply to Lok Sabha. The minister was replying to a question whether the government or the EPFO has introduced/proposes to introduce a scheme to allow its subscribers to pledge their future PF contribution to buy low-cost houses. Last year, the proposal was also listed on the agenda of the meeting of the Employees' Provident Fund Organisation's EPFO trustees meeting on September 16. The proposal was to allow its subscribers to pledge their future PF contribution to buy low-cost houses. A report of the expert committee on housing facility for the subscribers was als...