What EPFO wage ceiling hike means for employees, why some have criticised it
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.
Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- SCOPE Hails Landmark Hike in EPFO Wage Ceiling to Rs 25,000 freepressjournal.in
