Covid-19: Cabinet okays extension of PF contributions by govt till August

The Union Cabinet on Wednesday approved a proposal to extend the scheme for the payment of employers and employees' PF contributions for three months until August.

Finance Minister Nirmala Sitharaman had announced the extension of the benefit in May this year under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) amid the Covid-19 pandemic.

"Cabinet has approved the extension of the scheme where the government pays contributions of employees and employers till August," Union Minister Prakash Javadekar told reporters after the Cabinet meeting on Wednesday.

Under the Pradhan Mantri Garib Kalyan Package, the payment of 12 per cent of employer and 12 per cent