506 CRORES WORTH OF PF FUNDS RELEASED IN CHANDIGARH DURING THE CORONA PANDEMIC


The Show Time/ Faguni Verma


From 25th March till 31st August, residents of Chandigarh seem to be relying on Provident Fund schemes as the worth of 506.73 crores has been released to them during the coronavirus pandemic. This was the result of the people who have lost their jobs or were unemployed during the coronavirus epidemic. If compared to the other States of Bihar, Himachal Pradesh, Goa, Uttarakhand along with many others, Chandigarh has the highest rate of PF withdrawal during the past few months. During the lockdown, when people lost their jobs or salaries were dispersed late, residents needed money to fulfill their basic needs. During these tough and crucial times, PF came to the rescue of the Chandigarh residents and that's why such huge withdrawals have taken place from the employment scheme. The EPFO office in Chandigarh is seeing a rise in the long queues as the government has announced many PF scheme benefits of which Chandigarh's residents are truly benefitting from.

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