BANDIPORA, APRIL 15: Provident Fund Commissioner, J&K and Ladakh, Rizwan Uddin today visited Kishanganga Power Station of NHPC Limited and took stock of different schemes like Employees Deposit Linked Insurance Scheme (EDLI), Employees’ Pension Scheme (EPS) and others being implemented for the welfare of the employees.
GGM – Head of the Kishanganga Power Station, Parag Saxena, while welcoming the PF Commissioner, highlighted about various Schemes framed under EPF & M P Act, 1952. He also elaborated the benefits of Employees Deposit Linked Insurance Scheme (EDLI) and Employees’ Pension Scheme (EPS) to Principal Employers and Contractors along with representatives of contract workers.
It was further highlighted that after implementation of EPF and M P Act, 1952 in the UTs of J& K and Ladakh, Contractual employees are entitled to Insurance Scheme under Employees Deposit Linked Insurance Scheme, 1976 to a maximum of Rs. 7 Lakhs (in the event of serving members). A minimum of Rs 2.5 Lakhs is paid to the dependent / nominee of deceased member if the employee has been a member for a continuous period of one year. Insurance benefits vary according to length of service and the balance amount in the P F account of member.
P F Commissioner, J & K and Ladakh emphasized upon the need to maintain as much balance in P F Account as the members can, to get maximum benefit under EDLI. He also elaborated the roles & responsibilities of Principal Employers and the Contractors towards contract workers.
P F Commissioner also discussed about the setting of Goals and participation of Contractors in order to motivate them towards their SELF-INTEREST.
On the occasion, it was informed that the nominee of deceased PF member Abdul Majeed Tantray who was engaged through contractor Md. Sultan Tantray of NHPC, Kishanganga Power Station has received a benefit of Rs.4.75 Lacs under the above scheme.
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