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The Board administers a contributory provident fund, pension scheme and an insurance scheme for the workforce engaged in the organised sector in India. [9] The board is chaired by the Union Labour Minister of India. Presently, the following three schemes are in operation under the Act: Employees' Provident Fund Scheme, 1952
The National Eligibility cum Entrance Test (Postgraduate), abbreviated as NEET (PG) is an entrance examination in India conducted by the National Board of Examinations in Medical Sciences (NBEMS) for determining eligibility of candidates for admission to postgraduate medical programmes in government or private medical colleges, such as Doctor of Medicine (MD), Master of Surgery (MS), PG ...
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The Public Provident Fund (PPF) is a voluntary savings-tax-reduction social security instrument in India, [1] introduced by the National Savings Institute of the Ministry of Finance in 1968. The scheme's main objective is to mobilize small savings for social security during uncertain times by offering an investment with reasonable returns ...
The Atal Beemit Vyakti Kalyan Yojana (ABVKY) is a government welfare scheme initiated by the Central Government of India.Originally introduced as a pilot project for a duration of two years, the primary objective of the scheme is to provide financial support to individuals facing unemployment during the COVID-19 pandemic. [1]
Employees Provident Fund (Nepal), Nepal's retirement Plan; Central Provident Fund (South Africa), a retirement trust; Instituto del Fondo Nacional de la Vivienda para los Trabajadores, Mexico's public pension fund and largest mortgage lender; National Social Security Fund (Kenya) Housing Provident Fund , China mainland's retirement plan
Legally, the EPF is only obligated to provide 2.5% dividends (as per Section 27 of the Employees Provident Fund Act 1991). [8] The EPF claims that the lowered dividend is the result of its decision to invest in low-risk fixed revenue instruments, which produce lower returns but maintains the principal value of its members' contributions.
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