EPFO: Important deadline for private job seekers, complete these important tasks by January 15 to get the benefit of government’s ELI scheme.

EPFO, Centre’s ELI Scheme: To avail the benefits of the government’s Employment Linked Incentive Scheme (ELI Scheme), Employees’ Provident Fund Organization (EPFO) members are required to activate their Universal Account Number (UAN) and link Aadhaar to their bank account. For this, now 5 days are left for EPFO ​​members, especially new employees. If you have recently started a job in a private company, then get your UAN number activated immediately. For this, seeding of Aadhaar number in the bank account is also necessary. Complete this work by January 15, 2025 to be eligible to avail the benefits of ELI scheme.

EPFO members will get incentives under the new scheme

EPFO will have the responsibility of managing the ELI scheme. Under the new scheme of the Central Government, new employees will get grant i.e. incentive. This incentive will go directly into the accounts of eligible beneficiaries. To get this, employees are required to activate the Universal Account Number i.e. UAN number through Aadhaar based OTP and link Aadhaar to the bank account. Aadhaar based UAN activation process is very easy.

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Activate your UAN number like this

The last date to activate UAN to avail the benefits of ELI scheme is 15 January 2025. Here are the steps to activate UAN online at home.

• • First of all go to the official website of EPFO, epfindia.gov.in.
  • Now click on For Employees in the Services section visible on the left side of the screen.
  • Click on Member UAN Online Service (OCS OTCP) visible at the second place in the Services column on the left. Or if you want, you can also go directly to the Unified EPF Member Portal unifiedportal-mem.epfindia.gov.in.
  • Here click on Activate UAN visible in the important link on the right side.
  • Now fill the required details like 12 digit UAN and Aadhaar number, name, date of birth, Aadhaar linked mobile number, captcha code. After this click on the check box of the declaration given below. Now click on the Get Authorization Pin button seen below.
  • Fill the OTP received in the Aadhaar linked mobile number and click on the submit button.
  • In this way your UAN has been activated.
  • On successful UAN activation, a password will be sent to your Aadhaar linked mobile number.
  • Now log in by filling the captcha code with the help of UAN and password.
  • Finally, change your password by following the instructions given. Now your UAN number has been completely activated.

Also read: EPF Claim Rejections: Want to withdraw money from PF account but claim gets rejected again and again, know the reason and solution.

There are many benefits of UAN activation

UAN activation is necessary not only for direct benefit transfer but also for all the services of EPFO ​​like viewing and downloading passbook, filing claim online, tracking claim and updating personal details etc.

Recently EPFO ​​extended the deadline for UAN activation

This month, through a circular issued on 20 December 2024, EPFO ​​extended the deadline for all employees to acquire UAN numbers and link Aadhaar with bank accounts from 15 December 2024 to 15 January 2025. Earlier this deadline was 30 November 2024, which was later extended till 15 December 2024. With the recent decision of EPFO, those new employees who want to avail the benefits of ELI scheme have got additional time to activate the UAN number and link Aadhaar to their bank account.

Also read: EPFO: Centralized pension system implemented in the country, now EPFO ​​members will be able to withdraw pension from any bank.

ELI Scheme: What is it?

The central government had announced the Employment Linked Incentive (ELI) Scheme in the budget of 2024. The government is soon going to launch Employment Linked Incentive Scheme (ELI Scheme) to create new jobs for the youth and for employment formalization.This scheme includes three types of schemes, A, B and C. The objective of all three schemes is to promote employment generation and to provide financial assistance to new employees.

ELI Scheme: Scheme A

This scheme is for those who start work in the formal sector for the first time. Under this, benefits will be given directly to new employees registered in EPFO. The government will pay their one month’s salary in three installments, which will be up to a maximum of Rs 15,000. The eligibility limit for this scheme has been fixed at Rs 1 lakh monthly salary.

ELI Scheme:Plan B

This scheme is to promote additional employment in the manufacturing sector. In this, the government will give incentives on EPFO ​​contribution of new employees and employers for the first 4 years.

ELI Scheme:Plan C

The objective of this scheme is to create additional employment generation i.e. employment in all sectors. For those employees whose monthly salary is up to Rs 1 lakh, the government will reimburse the contribution of up to Rs 3,000 per employee for 2 years to the employers.