(a) the details of the total amount of funds deposited in Employees Provident Fund Organization (EPFO) as on date, State-wise;
(b) whether many cases of payment of Provident Fund are lying pending in the country;
(c) if so, the number of such cases and the reasons for their non-payment, State-wise; and
(d) the steps taken by the Government for early disposal of such cases alongwith success achieved?
MINISTER OF STATE IN THE MINISTRY OF LABOUR & EMPLOYMENT (SHRI CHANDRA SEKHAR SAHU)
(a): Total corpus of the organization under three schemes was Rs. 1,66,106.48 crores as on 31.03.2006 as per Annexure `A`. Since the investment is made by State Bank of India centrally, state-wise details are not maintained.
(b) & (c): Out of total workload of 5154619 claims, only 278619 claims were pending as on 31.03.2006. The details of pending cases are at Annexure `B`.
As per Scheme provisions the claims received complete in all respect are settled within 30 days. The settlement of cases is a continuous process. As there is continuous inflow of fresh claims, certain claims are bound to be pending at any given point of time.
(d): Organization implementing a Modernisation Project `Re-inventing EPF India` which envisages, inter-alia, settlement of cases within 3 days.
Annexure `A` referred to in part (a) of Lok Sabha Unstarred Question No. 4691 for 22.05.2006.
ANNEXURE-A
FUND CORPUS
Corpus under different schemes lying invested
in securities approved by Central Govt.
(All figures in Crores of Rupees)
As on 31.03.2002 31.03.2003 31.03.2004 31.03.2005 31.03.2006
i) Provident Fund 59,988.44 65,413.73 71,838.60 79,764.48 90,438.36
ii)Pension fund 39,049.81 45,045.21 52,743.87 61,318.23 70,749.13
iii)Employees` Deposit Linked Insurance Scheme 3,124.80 3,485.22 3,904.23 4,375.19 4,918.99
Total 1,02,163.05 1,13,944.16 1,28,486.70 1,45,457.90 1,66,106.48
BREAKUP OF INVESTMENTS IN DIFFERENT SECURITIES (As on 31.03.2006)
Type of Investment Rs. in Crore
(i)Central Government Securities 27999.06
(ii)State Govt./Govt. Guaranteed Securities 20144.88
(iii)Special Deposit Scheme of Central Govt. 53570.08
(iv)Public Financial Institution 31770.81
(v)Public Account 32621.65 Total 1,66,106.48
Annexure `B` referred to in part (b) & (c) of the Lok Sabha Unstarrred Question No.4691 for 220.05.2006.
ANNEXURE-B
Sl. No. Name of Region No. of Pending Claims
1. Andhra Pradesh Guntur 4061 Hyderabad 13219 2. Bihar 1581 3. Chattisgarh 2541 4. Delhi Delhi North 8206 Delhi South 5693
5. Goa 2328 6. Gujarat Vadodara 5138 Ahmedabad 45
7. Himachal Pradesh 337 8. Haryana 16480 9. Jharkhand 2455 10. Karnataka Mangalore 720 Bangalore 18821 11. Kerala 116 12. Maharashtra Thane 0 Mumbai 113242 Pune 7461 Nagpur 4643
13. Madhya Pradesh 5076 14. North Eastern Region 152 15. Orissa 5672 16. Punjab Chandigarh 6282 Ludhiana 5679 17. Rajasthan 0 18. Tamil Nadu Madurai 6144 Chennai 6341 Coimbatore 11546
19. Uttar Pradesh 11222 20. Uttaranchal 2788 21. West Bengal Kolkata 10138 Jalpaiguri 492
Total 278619