According to the Ministry of Labour and Employment, the number of withdrawals from exempted PF trusts has increased Account holders are increasingly withdrawing money from the PF accounts, taking advantage of the rebate due to the lockdown.
According to the Employees Provident Fund Organisation (EPFO) of the Ministry of Labour, about 13 lakh account holders have availed this facility so far as ₹4,684.52 crore has been paid on claims.
About 7.40 lakh claims are associated with the Pradhan Mantri Garib Kalyan Yojana package. According to the Ministry of Labour and Employment, the number of withdrawals from exempted PF trusts has also increased.