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The Labour Ministry is modernizing its IT infrastructure to streamline services for India’s vast workforce. Starting in 2025, Employees' Provident Fund Organisation (EPFO) subscribers will gain direct access to their provident funds through ATMs.

EPFO withdrawals via ATMs starting January 2025

This modernization push underscores the ministry&rsquo;s commitment to leveraging technology and inclusive policies to support India&rsquo;s evolving workforce.

The Labour Ministry is modernizing its IT infrastructure to streamline services for India&rsquo;s vast workforce. Starting in 2025, Employees' Provident Fund Organisation (EPFO) subscribers will gain direct access to their provident funds through ATMs, reducing reliance on manual processes, according to Union Labour Secretary Sumita Dawra.
Highlighting ongoing enhancements, Ms. Dawra emphasized faster claims processing and user-friendly service delivery to improve ease of living. She projected significant IT system advancements by January 2025. The EPFO currently boasts over 70 million active contributors.
The government is also advancing plans to extend social security benefits to gig and platform workers. A comprehensive scheme under finalization may include health coverage, provident funds, and financial aid for disabilities. A committee of stakeholders is developing a framework to operationalize these benefits, as outlined in the Code on Social Security, 2020, which formally recognized gig workers and their welfare needs.
Addressing employment trends, the Labour Secretary noted a sharp drop in unemployment rates from 6% in 2017 to 3.2% today. She also highlighted growth in workforce participation, with the Labour Force Participation Rate and Worker Participation Ratio climbing steadily to 58%, reflecting increased employment levels.
This modernization push underscores the ministry&rsquo;s commitment to leveraging technology and inclusive policies to support India&rsquo;s evolving workforce.

As per the report, the surge in membership can be attributed to various factors, including increased employment opportunities, a growing awareness of employee benefits, and the effectiveness of EPFO's outreach programmes

EPFO adds record 18.92 lakh net members in April

As per the report, the surge in membership can be attributed to various factors, including increased employment opportunities, a growing awareness of employee benefits, and the effectiveness of EPFO's outreach programmes

Retirement fund body Employees' Provident Fund Organisation (EPFO) added a record 18.92 lakh net members in April, payroll data released on Thursday showed.
The addition during the month is the highest since the first payroll data was published in April 2018, a labour ministry statement said.
An increase of 31.29 per cent was registered in net member addition during April as compared to March 2024, it stated.
According to the statement, EPFO's provisional payroll data released on Thursday highlights that it has added 18.92 lakh net members in April.
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Further, the year-on-year analysis reveals a growth of 10 per cent in net member addition.
The surge in membership can be attributed to various factors, including increased employment opportunities, a growing awareness of employee benefits, and the effectiveness of EPFO's outreach programmes, the statement said.
The data indicates that around 8.87 lakh new members have enrolled during April 2024.
A noticeable aspect of the data is the dominance of the 18-25 age group, constituting a significant 55.50 per cent of the total new members added in April. This is in consonance with the earlier trend, indicating that most individuals joining the organised workforce are youth, primarily first-time jobseekers.

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