EPFO’s New Vishwas Scheme – One-Time Relief for Employers ⚖️
The Employees’ Provident Fund Organisation (EPFO) has currently launched the Vishwas Scheme as a one-time relief measure for employers to resolve long-pending disputes regarding penal damages for delayed Provident Fund (PF) remittances.
The scheme aims to significantly reduce litigation and legal costs for businesses.
Announced at the 238th meeting of the Central Board of Trustees in October 2025, the scheme rationalizes penalty rates that have historically led to prolonged court cases.
The Employees’ Provident Fund Organisation (EPFO) has launched the “Vishwas Scheme” after approval in its 238th Central Board of Trustees (CBT) meeting — a major step toward simplifying compliance and reducing long-pending litigation.
Key Features:
1️⃣ Lower Penalty:
-Penal damages slashed to a flat 1% per month 📉.
-Graded penalty for defaults up to 4 months, making it fairer and easier to settle.
2️⃣ Wider Coverage:
-Applies to ongoing, finalized but unpaid, and pre-adjudication cases.
-Employers can regularize pending PF dues without fear of excessive penalties.
3️⃣ Simplified Settlement:
Encourages employers to clear old defaults voluntarily 🤝.
Aims to reduce litigation, speed up compliance, and cut legal costs for both parties.
Purpose & Impac:
Builds trust (“Vishwas”) between EPFO and employers.
Promotes a clean slate approach to compliance.
Helps organizations redirect funds to employee welfare rather than lengthy court battles.
In short:
The Vishwas Scheme is a “win-win” — easing employer burden, simplifying EPF compliance, and ensuring employees get their dues faster. 💰
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