12th December, 2002
Ministry of Labour & Empowerment  


EFFORTS ON TO IMPLEMENT HOUSING SCHEME FOR EPF SUBSCRIBERS SAYS LABOUR MINISTER


RAJYA SABHA

The Labour Minister Dr. Sahib Singh told the Rajya Sabha during Question Hour today that efforts are being made to launch the housing scheme announced recently for the Employees Provident Fund subscribers. He said that no precise time-frame for its implementation is possible as it involves inter-ministerial consultations and also consultations with social partners. Moreover, state governments have been requested to provide houses/flats at cheaper rates for the scheme. The Labour Minister said that the subscribers will have to bear the cost of the flats/houses. The government will facilitate provision of money from their EPF deposits and also arrange loans for them through HUDCO to meet the cost of the flats. He said that the Employees Provident Fund will spend money from its corpus for construction of houses/flats and the cost shall be borne by the members. Dr. Sahib Singh said that the Regional Provident Fund Commissioners have been asked to find out from establishments in the regions as to how many workers want to participate in the scheme.