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  Business   EPFO hire experts on housing scheme

EPFO hire experts on housing scheme

PTI
Published : May 27, 2016, 1:37 am IST
Updated : May 27, 2016, 1:37 am IST

Retirement fund body EPFO will hire a consultant to work out a low-cost housing scheme for its over four crore subscribers.

Retirement fund body EPFO will hire a consultant to work out a low-cost housing scheme for its over four crore subscribers.

“A private firm will soon be hired to frame a housing scheme for subscribers of the Employees’ Provident Fund Organisation. The housing scheme proposal is under consideration of the labour ministry,” labour minister Bandaru Dattatreya told reporters on the sidelines of an event here.

Asked about the timeline for finalising the scheme so that it could be placed before EPFO’s apex decision making body the Central Board of Trustees for approval, the he said, “We are working on it. We don’t have the expertise in this area.”

However, sources said that the draft scheme can come up come up for discussion in the next meeting of the CBT in June. Earlier this month, the minister had said that the Centre is exploring the possibility for providing a low-cost housing.

Location: India, Delhi, New Delhi