SCOPE Hails Landmark Hike in EPFO Wage Ceiling to Rs 25,000
Standing Conference of Public Enterprises (SCOPE) welcomes the Union Cabinet's decision to raise the wage ceiling for mandatory coverage under the Employees' Provident Fund Organisation (EPFO) from Rs. 15,000 to Rs. 25,000 per month. The Cabinet approved the proposal from the Ministry of Labour & Employment. The revised ceiling is expected to bring more than 51 lakh additional employees under…
The Standing Conference of Public Enterprises (SCOPE) has welcomed the Union Cabinet's decision to increase the wage ceiling for mandatory coverage under the Employees Provident Fund Organisation (EPFO) from Rs. 15,000 to Rs. 25,000 per month. The Cabinet's approval of the proposal from the Ministry of Labour & Employment is set to bring over 51 lakh additional employees under mandatory EPFO coverage.
This means more workers will receive provident fund, pension, and insurance protection, extending the safety net to a larger portion of India's formal workforce. SCOPE praised the decision as progressive, stating it will boost workforce formalization, increase worker productivity, and improve retention rates. According to SCOPE, this move is a significant step towards the vision of Viksit Bharat@2047, an economically stronger and socially secure India by 2047.
The apex body remains committed to championing policy reforms that enhance the social security and dignity of labor across all organizations.
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