The recent notification issued by India’s Ministry of Labour and Employment states that Employees’ Provident Fund Scheme, 1952 marks introduction of a new para 68 – NNNN on option for withdrawal on termination of employment, allowing him/her to withdraw own contribution to the PF account including interest thereon up to the date. Further to this, the employer’s contribution can be withdrawn only after the age of 58 years.
Commenting on amendment made in the EPF scheme, Dr. A. Sakthivel, President of TEA (Tirupur Exporters’ Association) averred that the amendment will restrict the inflow of workers to Tirupur. He has urged Bandaru Dattatreya, Union Minister of State for Labour and Employment to look into the matter on immediate basis, withdraw the amendment and allow the workers to get employers’ contributions also while leaving the job instead of waiting for 58 years.
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Dr. Sakthivel has also appealed Shankar Agarwal IAS, Labour Secretary and Dr. V. P. Joy IAS, Central P. F. Commissioner to take this matter into consideration and help the textile clusters like Tirupur grow. The association is concerned that the notification may become a reason for migration of labour and if this happens, then the garment units of the cluster would not be able to deal with labour shortage. This may lead to fall in exports business which at present stands at Rs. 23,500 crores.
Bharat Tex Special Report 2026 
