What Major Reforms for EPFO Did Employment Minister Mandaviya Unveil?

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What Major Reforms for EPFO Did Employment Minister Mandaviya Unveil?

Synopsis

Union Labour Minister Mansukh Mandaviya has announced transformative reforms for EPFO, modernizing offices into technology-powered service centres, enhancing accessibility for all citizens. Discover how these changes will ensure better service delivery and social security for workers across India.

Key Takeaways

  • EPFO offices will be modernized into technology-enabled service centres.
  • Citizens can resolve EPF issues at any regional office across India.
  • EPF Suvidha Providers will assist members in accessing benefits.
  • KYC verification will be initiated for inoperative accounts.
  • EPFO fund corpus stands at Rs 28 lakh crore with 8.25% interest.

Vatva (Gujarat), Dec 26 (NationPress) - The Union Labour & Employment Minister Mansukh Mandaviya unveiled plans on Friday to transform all upcoming and many existing EPFO offices into modern, technology-driven, Passport-Seva-Kendra-style single-window service centres. This initiative aims to empower citizens to resolve any EPF-related concerns at any regional office nationwide.

During the inauguration of the newly constructed Bhavishya Nidhi Bhawan of the Employees’ Provident Fund Organisation's (EPFO) Regional Office here, the minister shared that a pilot project is currently in progress in Delhi. Moving forward, beneficiaries will be able to address their issues at any regional office, eliminating the necessity to visit a specific office previously associated with them.

He emphasized that this initiative is part of extensive reforms aimed at fortifying EPFO services across the country.

Dr. Mandaviya also noted that to improve access for workers, particularly first-time users and those not well-versed with digital systems, the government will soon launch the EPF Suvidha Providers. These providers will act as authorized facilitators, assisting members in accessing benefits and resolving issues, thereby bridging the gap between citizens and the EPFO.

Recognizing that a substantial amount of workers’ money remains trapped in inoperative accounts, Dr. Mandaviya announced that the EPFO will initiate mission-mode KYC verification for these accounts and will launch a dedicated digital platform to simplify claim filing and ensure hassle-free settlements for rightful claimants. Furthermore, he revealed that India’s Free Trade Agreements (FTAs) will now incorporate social security protection provisions to guarantee that Indian workers abroad can maintain their PF contributions and access benefits upon their return, similar to the India-UK FTA.

The minister highlighted that the new facility is not just a physical structure but an Aastha Ka Kendra, symbolizing trust. He underscored the EPFO’s crucial role in nation-building, emphasizing the organization's commitment to safeguarding the savings of millions of workers.

"Today, the EPFO manages a fund corpus of Rs 28 lakh crore and offers 8.25 percent annual interest. When workers' funds are with the EPFO, they are backed by the Government of India," he stated, referring to the new office as a “Shramik Ka Mandir”. He remarked, "We can truly honor the Shram Shakti of our nation only through integrity and value-driven work."

Dr. Mandaviya pointed out that under Prime Minister Narendra Modi's leadership, India has experienced a remarkable expansion in social security. "Before 2014, India had only 19 percent social security coverage according to the ILO. Today, that figure has surged to 64 percent, with international organizations like the ILO and ISSA praising India's progress."

"Currently, 94 crore individuals are covered under social security, making India the second-largest in the world in this regard, trailing only behind China. By March 2026, India aims to ensure coverage for 100 crore citizens,” he added. This expansion showcases the Government’s steadfast commitment to providing a secure and dignified life for every worker.

Detailing the reforms, he mentioned that the EPFO is continually evolving with streamlined and technology-led processes: settlements of up to Rs 5 lakh are now automatically processed, withdrawals of up to 75 percent of EPF balances are easily permitted, account transfers have been made seamless, and EPF-related issues can now be resolved at any EPFO regional office nationwide, regardless of the member’s home location.

Point of View

We recognize the government's proactive steps toward enhancing social security through EPFO reforms. These initiatives reflect a commitment to improving accessibility and efficiency in service delivery, ensuring that every worker's rights and savings are safeguarded, which is essential for national progress.
NationPress
31/12/2025

Frequently Asked Questions

What are the new EPFO reforms introduced by the government?
The government is transforming EPFO offices into modern service centres, introducing EPF Suvidha Providers, and initiating KYC verification for inoperative accounts to enhance accessibility and service efficiency.
How will these reforms benefit the citizens?
These reforms will allow citizens to resolve EPF-related issues at any regional office, simplify claim filing processes, and ensure better access to social security benefits.
What is the significance of EPFO's fund corpus?
The EPFO manages a fund corpus of Rs 28 lakh crore, providing an annual interest of 8.25 percent, ensuring the safety of workers' savings backed by the government.
How does the government plan to enhance social security coverage?
The government aims to expand social security coverage from 64 percent to 100 crore citizens by March 2026, reflecting its commitment to worker welfare.
What role do EPF Suvidha Providers play?
EPF Suvidha Providers will serve as authorized facilitators to help members access their benefits and resolve issues, acting as a bridge between citizens and the EPFO.
Nation Press