Government to bring out low-cost housing scheme

Government to bring out low-cost housing scheme
23/08/2016 , by , in News/Views

The Labour Ministry is planning to come out with a scheme to provide low-cost housing for retirement fund body Employees Provident Fund Organisation (EPFO) subscribers.

“To further encourage members to continue their PF membership throughout their working life we are actively considering a proposal to assist PF members in getting a house by pledging their present and future PF accumulations. The members would be free to procure a house wherever they want,”said Bandaru Dattatreya, the Union Minister of State for Labour and Employment.

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