• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar

Govtempdiary

  • Home
  • 7th CPC Calculator
  • Pay Matrix
  • AICPIN

8th Pay CommissionPay Matrix
AICPINDA Calculator 2025

Subsidy To EPF Members For PMAY

July 25, 2017 by rajasinghmurugesan Leave a Comment

Subsidy To EPF Members For PMAY

GOVERNMENT OF INDIA
MINISTRY OF LABOUR AND EMPLOYMENT
LOK SABHA

UNSTARRED QUESTION NO. 181

TO BE ANSWERED ON 17.07.2017

SUBSIDY TO EPF MEMBERS FOR PMAY

181. SHRI DUSHYANT CHAUTALA:

Will the Minister of LABOUR AND EMPLOYMENT be pleased to state:

(a)whether the Employees Provident Fund Organisation proposes to provide credit linked subsidy to its members for purchase of affordable homes under Pradhan Mantri Aawas Yojana and if so, the details thereof;

(b)whether the EPFO has also entered into agreement with Housing and Urban Development Corporation (HUDCO) in this regard; and

(c)if so, the details thereof along with the financial implication estimated by the Government for this purpose?

ANSWER

MINISTER OF STATE (IC) FOR LABOUR AND EMPLOYMENT (SHRI BANDARU DATTATREYA)

(a):       The Government has introduced paragraph 68BD in Employees’ Provident Funds (EPF) Scheme, 1952 for withdrawal from the Fund, for purchasing dwelling house or flat or construction of a dwelling house. Members can also avail of Equated Monthly Installment (EMI) facility to repay the loan taken from the financial institutions for purchase of a house.

Eligible Employees’ Provident Fund (EPF) members can avail of Credit Linked Subsidy for purchase of affordable homes under Pradhan Mantri Awas Yojana (PMAY) which is provided by the Ministry of Housing & Urban Affairs through its nodal agencies including Housing and Urban Development Corporation Limited (HUDCO).

 (b) & (c): Yes, Madam. The main features of the Memorandum of Understanding (MoU) are as under:-

i) HUDCO and Central Board of Trustees (CBT), Employees’ Provident Fund (EPF) shall jointly disseminate information to Provident Fund (PF) members regarding Credit Linked Subsidy Scheme benefits under PMAY and housing related provisions of Employees’ Provident Funds (EPF) Scheme, 1952.

ii) HUDCO shall make housing loans available to the eligible members of Employees’ Provident Fund Organisation (EPFO) for buying the housing units/flats.

iii)        EPFO shall create awareness amongst PF members.

iv) EPFO shall provide all the relevant details of the PF member borrowers to HUDCO on the request of PF members.

v) PF member can authorize Commissioner to make monthly withdrawal of the amount for payments of EMI.

The financial implication would depend on applications made by EPF Members to avail benefit under the Schemes.

[download id=”104935″ template=”dlm-buttons-button”]

Filed Under: LOK SABHA

Recent Posts

  • 8th Pay Commission: Major Salary Hike Expected for Government Employees January 16, 2025
  • CPI-IW November 2024 Update – All-India Consumer Price Index January 6, 2025
  • EPFO UAN Activation 2024: AADHAAR Seeding Guidelines for ELI Scheme December 16, 2024
  • EPS Pension Increase: Updates on Minimum Pension Hike for 2024 December 13, 2024
  • Good News for Ex-Servicemen: ECHS Gets a Major Boost December 12, 2024

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

  • Home
  • 8th Pay Commission
  • 7th CPC Calculator [updated]
  • Pay Matrix
  • Dopt orders
  • DA News
  • AICPIN
  • DA 2024
  • DA Calculator 2025
  • Superannuation Date Calculator

GET FREE EMAIL UPDATE

Secondary Sidebar

Categories

Copyright © 2010–2025 - Central Government Employees News - Govtempdiary