(a) whether the management of the public schools in the country including that of Madhya Pradesh
are getting the provident funds deposited;
(b) if so, the details thereof;
(c) if not, the action taken against the managements of those schools which are not depositing the
provident funds;
(d) whether various Private Provident Fund Trusts are not willing to give more interest on deposit
despite having surplus fund; and
(e) if so, the details thereof and the reasons therefor?
MINISTER OF THE STATE IN THE MINISTRY OF LABOUR AND EMPLOYMENT (SHRI MALLIKARJUN KHARGE)
(a): Yes, Madam. However some school managers are in default in depositing the P.F. dues.
(b): In respect of Madhya Pradesh, 2776 Public Schools are depositing P.F regularly in respect
of 213699 members.
(c): In Madhya Pradesh, 157 Schools found in default in depositing P.F dues. Inquiry under Section
7A has been initiated to assess dues against such defaulting schools.
All coercive actions are being taken as per Section 8B to 8G of the Act for recovery of dues.
(d) & (e): Condition No. 9 of para 27AA of the Employees Provident Funds Scheme, 1952 stipulates
that the Provident Fund trusts exempted from the Employees Provident Funds Scheme under Section
17 of the Employees Provident Funds and Miscellaneous Provisions Act, 1952, have to declare and
credit interest to the accounts of their members at a rate not lower than that declared by the
Central Government under the Employees Provident Funds Scheme, 1952.