Beneficiaries underneath the Employment-Related Incentive (ERI) scheme have been given a clean closing date by the Employees' Provident Fund Organization (EPFO) to complete a key requirement.
In line with the contemporary reputable circular, the EPFO has extended the timeline for activating time-honored Account Numbers (UAN) and linking bank money owed with Aadhaar until june 30, 2025.
This replacement comes as a continuation of several prior extensions. The authentic directive was issued on november 22, 2024, with the first cut-off date set for november 30, 2024. Considering then the date has been pushed more than one time via comply-with-up notifications issued on december 4, december 12, february 6, february 21, and march 3, Mint suggested. The maximum current circular, dated May 30, 2025, has now fixed the final deadline because of the stop in June.
'The ready authority has granted an extension of the timeline for UAN activation and Aadhaar seeding in financial institution accounts till june 30, 2025,' the May round said.
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UAN Activation Critical for ELI Subsidy Payouts
The ELI scheme, brought as a part of the Union budget 2024-25, targets to encourage employment generation by presenting direct economic assistance. Its objectives are two categories of employees: Scheme A, supposed for first-time entrants to the group of workers, and Scheme B, designed to assist activity introduction inside the production sector. Those qualifying below Scheme A must have incomes and earnings of less than Rs 1 lakh in line with the month and are eligible to receive the subsidy in three installments.
To facilitate this, Aadhaar seeding in bank bills and UAN activation are essential, because the scheme makes use of the direct gain switch (DBT) mechanism for disbursement. Inside the preliminary circular, the EPFO had definitely outlined the duties of employers: 'When you consider that the benefits underneath the ELI Scheme could be allotted through DBT to eligible personnel, employers are advised to make sure UAN activation and AADHAAR seeding in bank accounts are appreciated by all their employees who have joined in the current economic 12 months, starting with the modern joinees. The worried EPFO places of work might also kindly be contacted for important guidance in this matter, if required'.
The circular is aligned with directions from the Ministry of Labour & Employment, aiming to make sure that every eligible employee enjoys the incentives introduced in the finances. EPFO has reiterated that timely compliance is important, as no additional extensions may be granted past june 30.
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