The EPFO has extended the deadline to January 15, 2025, for UAN activation and Aadhaar linking to access the Employment Linked Incentive (ELI) Scheme benefits, offering job creation incentives and financial support to employees and employers.
The Employees’ Provident Fund Organisation (EPFO) has extended the deadline to January 15, 2025, for activating the Universal Account Number (UAN) and linking it with a bank account and Aadhaar to avail of benefits under the EPFO’s Employment Linked Incentive (ELI) Scheme.
Originally, the last date was set for November 30, 2024, but it was first extended to December 15, 2024, before the latest revision.
This mandatory process, managed by the Employees’ Provident Fund Organisation (EPFO), is crucial for accessing the benefits of the ELI Scheme. Announced by Finance Minister Nirmala Sitharaman in the Union Budget 2024 in July, the ELI Scheme includes three variants: A, B, and C.
Finance Minister Nirmala Sitharaman in her Budget 2024 speech had said, “Scheme A will focus on first-timers joining the Employment and Employees’ Provident Fund (EPF) scheme as well, Scheme B focuses on job-creation in manufacturing and Scheme C will focus on the support to the employers.”
“Please see the circulars cited. In this connection, the competent authority has granted an extension of timeline from 15.12.2024 to 15.01.2025 for UAN activation and Aadhaar seeding in bank account of all the employees,” said EPFO in a circular dated December 20, 2024.
Content retrieved from: https://www.financialexpress.com/money/activate-your-uan-for-epfos-eli-scheme-by-this-date-step-by-step-guide-here-3714003/.
