HUDCO and EPFO sign MoU to facilitate Housing for All Mission - The Employees Provident Funds and Miscellaneous Provisions Act, 1952
Dr. M Ravi Kanth, Chairman and MD, Housing and Urban Development Corporation (HUDCO) and Dr. V. P. Joy, Central Provident Fund Commissioner, EPFO, signed an MoU in the presence of M. Venkaiah Naidu, Minister, Housing and Urban Poverty Alleviation, UD and I&B, and Minister of State (Independent Charge), Labour and Employment Bandaru Dattatreya for facilitating Housing for All Mission. Employee Provident Fund Scheme, 1952 has been amended to facilitate withdrawal of 90 percent of employer/employee contribution for housing. Dovetailing of CLSS subsidy under Pradhan Mantri Awas Yojana and loans through HUDCO Niwas to the EPF subscribers is envisaged.
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