Latest news with #ELI
India Today
6 hours ago
- Business
- India Today
Want ELI scheme benefits? Make sure your UAN and Aadhaar are linked by this date
The Employees' Provident Fund Organisation (EPFO) has announced an extension of the deadline for Universal Account Number (UAN) activation and Aadhaar linking with bank accounts until June 30, 2025. This extension is crucial for employees aiming to benefit from the Employment Linked Incentive (ELI) THE ELI SCHEME ALL ABOUT?The ELI scheme was announced during the Union Budget 2024–25. It's an ambitious government initiative designed to generate over two crore jobs in the country within two scheme aims to provide financial incentives to both companies and employees, encouraging businesses to hire new staff and integrate them into a formal work environment. Furthermore, it seeks to enhance the skill set of the workforce, thereby increasing the employability of the scheme includes three major programmes aimed at helping both employers and employees. It's also part of a larger package meant to provide jobs, training, and support to around 4.1 crore young people in India over the next five years. The government has set aside Rs 2 lakh crore for OF UAN ACTIVATION AND AADHAAR LINKINGActivating the UAN is essential for utilising the EPFO's online facilities, which include checking the provident fund balance, transferring funds, and downloading Aadhaar linking is required to ensure that the provident fund amount is credited directly to the employee's bank DEADLINE AND MULTIPLE EXTENSIONSadvertisementInitially, the deadline for UAN activation and Aadhaar linking was set for November 30, 2024. However, this date has been extended multiple times to accommodate employees and ensure maximum participation in the ELI decision to extend the timeline reflects the government's commitment to increasing employment opportunities and enhancing livelihoods across the nation. This extension also allows more time for employees to comply with the requirements, ensuring that no one is left EPFO 3.0 PLATFORMThe EPFO is on the verge of launching EPFO 3.0, a new platform aimed at enhancing the user experience with improved accessibility and new platform promises features akin to banking services, such as ATM PF withdrawals and faster claim processing. Additionally, the EPFO is working on upgrading its grievance mechanism, introducing a more efficient grievance portal to address member concerns swiftly. This initiative is expected to streamline operations and make the EPFO's services more user-friendly, thus facilitating better service Watch
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Business Standard
3 days ago
- Business
- Business Standard
Deadline for EPFO's ELI scheme extended: Here's what you need to know
In a relief for many Employees' Provident Fund (EPF) subscribers, the Employees' Provident Fund Organisation (EPFO) has once again extended the last date to activate Universal Account Numbers (UAN) under the Employees' Enrolment Campaign-linked (ELI) scheme. The new deadline to activate your UAN and become eligible for the scheme's benefits is June 30 now. This extension offers more time to thousands of unorganised and contractual workers whose UANs were either inactive or never activated. What is the Employees' Life Insurance scheme? The Employees' Life Insurance (ELI) scheme, formally known as the Employees' Deposit Linked Insurance (EDLI) scheme, offers life insurance benefits to EPF members. In case of the death of the insured employee during service, the nominee is entitled to claim a lump sum amount, with maximum benefits up to Rs 7 lakh.
India Today
3 days ago
- Business
- India Today
EPFO extends UAN-Aadhaar linking deadline for ELI scheme to June 30. Check steps
If you haven't activated your UAN yet, here's some relief. The Employee Provident Fund Organisation (EPFO) has extended the last date once again for UAN activation and Aadhaar seeding with your bank account. This is important if you want to claim the benefits of the ELI THE NEW DEADLINE?As per a recent circular issued by the EPFO, the new last date to activate your UAN and link your Aadhaar-linked bank account is June 30, 2025. This deadline has already been pushed back several times, giving employees extra time to complete the extension applies to employees wishing to benefit from the Employment Linked Incentive (ELI) IS UAN, AND WHY IS IT IMPORTANT? The Universal Account Number is a 12-digit number assigned by the EPFO to each salaried employee, enabling them to manage their provident fund accounts across different employers. With your UAN, you can manage your PF money easily, no matter how many times you change activated, your UAN allows you to check your PF balance, download your passbook, file claims for withdrawal or transfer, and update personal details – all activation is crucial as it allows employees to access various online EPFO services, including managing PF accounts, submitting claims, and real-time TO ACTIVATE UANTo activate UAN, employees must use an Aadhaar-based One-Time Password (OTP). The process is simple: visit the EPFO Member Portal, click on "Activate UAN" under "Important Links," input the necessary details, and verify via Aadhaar successful activation, a password is sent to the registered mobile SCHEME BENEFITSThe Employment Linked Incentive (ELI) scheme was introduced in the Union Budget 2024 by Finance Minister Nirmala Sitharaman. Under this scheme, eligible employees can receive monetary benefits, but only if they have an active UAN and a bank account linked to are three types of ELI schemes – A, B, and C – and all of them require UAN activation and Aadhaar seeding for employees to get money. Without this, you could miss out on the financial must be pointed out that this initiative is part of the government's broader strategy to enhance transparency and efficiency in managing employee benefits through Watch
Time of India
6 days ago
- Business
- Time of India
Deadline to activate UAN for EPFO's ELI Scheme extended again; Check new last date, how to activate your UAN and avail benefits
Employees can activate their UAN through the EPFO portal using an Aadhaar-based OTP. This activation is mandatory to claim monetary benefits under the ELI scheme announced in the Union Budget 2024. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads What is UAN? How to activate EPF UAN through Aadhaar-based OTP? Why employees must do this? The Employee Provident Fund Organisation ( EPFO ) has extended the deadline for UAN activation and seeding of your bank account with Aadhaar for availing of the benefits under the Employment Linked Incentive (ELI) Scheme. UAN stands for Universal Account Number. The UAN helps Employee Provident Fund (EPF) member to track different EPF account numbers with different organisation with the help of single last date to activate UAN and Aadhaar seeding in bank account under ELI SchemeThe last date to activate UAN and Aadhaar seeding in bank account is June 30, 2025. The deadline has been extended multiple times to the EPFO circular issued on May 30, 2025, 'Please refer to the circulars mentioned under references. In this connection, the competent authority has granted an extension of timeline for UAN Activation and AADHAAR seeding in Bank Account till 30th JUNE, 2025. 'The UAN is a 12-digit number assigned by the Employees' Provident Fund Organisation to every eligible salaried employee. It serves as a single point of access for managing their PF accounts across different employers throughout their career, enabling them to track and access their provident fund balances under one umbrella to a PIB release on November 21, 2024, employees can complete the UAN activation process using an Aadhaar-based OTP (One-Time Password). Here are some simple steps for employees to activate their UAN to avail ELI scheme benefits:Step 1: Go to the EPFO Member 2: Click on the "Activate UAN" link under "Important Links"Step 3: Enter UAN, Aadhaar number, name, DOB, and Aadhaar-linked mobile 4: Employees should ensure their mobile number is Aadhaar-linked to access the full range of EPFO's digital servicesStep 5: Agree to Aadhaar OTP 6: Click ""Get Authorisation PIN" to receive an OTP on your Aadhaar-linked mobile 7: Enter the OTP to complete the activationA password will be sent to your registered mobile number upon successful the UAN is activated, employees can easily access EPFO's wide range of online services, such as managing their PF accounts, viewing and downloading PF passbooks, submitting online claims for advances, withdrawals, or transfers, updating personal information, and real-time claim of Universal Account Number (UAN) and seeding of an Aadhaar to a bank account is a must for employees who wish to claim the monetary benefits of the Employment Linked Incentive (ELI) scheme, which is administered through EPFO. This mandatory exercise needs to be completed, if you want to get the benefits of the ELI scheme. Finance Minister Nirmala Sitharaman announced this new scheme during the Union Budget 2024 in July and there are three types of ELI schemes (A, B, and C).
Otago Daily Times
13-05-2025
- Politics
- Otago Daily Times
Govt announces $140m to tackle truancy
Associate Education Minister David Seymour. Photo: RNZ The government is allocating $140 million to tackle truancy with a new school attendance service. The funding boost is aimed at supporting more schools and reaching double the number of students over the next four years, according to Associate Education Minister David Seymour. He says the funds from this year's Budget included about $123 million for the delivery of a new attendance service and almost $17 million to support and strengthen front-line attendance services. "Front-line attendance services will be more accountable, better at effectively managing cases, and data driven in their responses. To achieve this, they will soon have access to a new case management system and better data monitoring, and their contracts will be more closely monitored," Seymour said. He said the new attendance service would address chronic absence and focus on keeping students in school when they return. "Service providers will work with families, local communities and social agencies to deliver comprehensive services. The level of service provided will depend on the need. It will range from advice and support to schools, to intensive case management of students. "Schools with the highest numbers of chronically absent students will be able to apply for funding for an in-school service. The schools in this bracket tend to be ones in higher Equity Index (ELI) groups, facing the most socio-economic barriers," Seymour said. Transitioning to the new attendance service would start at the end of the year and be fully in place from early 2026, he said.
