(a) the total amount deposited in Employees Provident Fund (EPF) as on date;
(b) the amount of contribution collected from labourers under EPF that remains unremitted to the Government account;
(c) whether the Government proposes to recover this unremitted amount;
(d) if so, the details thereof;
(e) whether the Government has any plan to use the unclaimed EPF amount for different welfare schemes in the country; and
(f) if so, the details thereof?
MINISTER OF LABOUR AND EMPLOYMENT ( SHRI K. CHANDRASEKHAR RAO )
(a): The total corpus in Employees` Provident Fund as on 31.03.2005 was Rs. 79,764.48 crore.
(b): No separate record is maintained by Employees` Provident Fund Organization in respect of default in employees` share by the employer. However, as on 31.03.2005 the amount outstanding from defaulting establishments was Rs. 2115.27 crore, which includes employers` share as well as employees` share.
(c) & (d): Recovery of outstanding dues is effected in accordance with the provisions of the Employees` Provident Funds & Miscellaneous Provisions Act, 1952. This includes attachment and sale of properties, arrest and detention of defaulters, appointment of receiver to manage the defaulters` properties.
(e) & (f): No, Sir. The Employees` Provident Fund Scheme, 1952 does not provide for utilization of amount lying in the Unclaimed Deposit Account for any other purpose.