EPFO Clears Claim Backlog, Aims for Two-Day Settlement
UPSC / SSC current affairs note · Economy
Why in news
EPFO has nearly cleared its claim settlement backlog, with the Central Provident Fund Commissioner stating that most fresh claims will now be settled on the same day or within a maximum of two days. This marks a significant improvement in the efficiency of the Employees' Provident Fund Organisation, a key social security body in India.
Background
EPFO has been working to reduce claim settlement times, with auto-settle claims now reaching 90 per cent. The organization has been leveraging technology to expedite the process.
Key facts
EPFO has nearly cleared its claim settlement backlog.
Most fresh claims will now be settled on the same day or within a maximum of two days.
Auto-settle claims have reached 90 per cent.
The statement was made by the Central Provident Fund Commissioner.
Prelims pointers
- EPFO: Employees' Provident Fund Organisation
- Central Provident Fund Commissioner
- Auto-settle claims: 90%
- Claim settlement target: same day or two days
Mains angles
- Discuss the role of EPFO in social security and its recent reforms.
- Examine the impact of technology on government service delivery.