Central Government has amended the Employees’ Provident Funds Scheme, 1952, allowing unemployed members to withdraw advances upto 75% of the amount standing to his credit in Provident Fund. Paragraph 68HH has been added after paragraph 68H in the Employees’ Provident Funds Scheme, 1952, produced as below:
“68HH. Non-refundable advance to a member in case of continuous un-employment for a period of not less than one month.- The Commissioner or, where so authorised by the Commissioner, any other officer subordinate to him, may permit a member, on ceasing to be an employee in any factory or establishment to which the Act applies, a non-refundable advance upto seventy-five percent of the amount standing to his credit in the Fund, if he has not been employed in any factory or other establishment for a continuous period of not less than one month immediately preceding the date on which he makes an application for such non-refundable advance.”
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