Monday, April 30, 2007
  Ministry of Labour & Employment  
 
FUNDS IN EPF AND THE INVESTMENT PATTERN
 
     
   
  Lok Sabha

The  Provident Fund contributions received during 2003-04, 2004-05 and 2005-06 were Rs. 830,191.42 lakh, Rs. 975,933.86 lakh and Rs. 1,179,266.59 lakh respectively.

           

The break-up of investments of the Fund as on 31.12.2006 is as under:

                                                                                                   (Rupees in Crores)   

Sl. No.

Categories of Investments

Holding at Face Value

% age holding

1.

Central Govt. Securities (CTG)

14,778.24

15.27

2(a)

State Development Loans (SDL)

10,751.13

11.11

(b)

Govt. Guaranteed Securities (STG)

1,532.50

1.58

3.

Special Deposit Scheme (SDS)

52,230.93

53.97

4.

Public Sector Undertakings/Financial Institutions (PSUs/PSFIs)

17,481.80

18.06

Total

96,774.60

100

                 As per Para 60(1) of the Employees’ Provident Fund Scheme, 1952, the interest shall be credited to the account of each member at such rate as may be determined by the Central Government in consultation with the Central Board. The outgoing member is paid the amount standing to his credit alongwith the up-to-date interest. However, the rate of interest  for the years 2006-07 was not paid pending declaration of rate of interest.

                 This was stated by the Minister of State (Independent Charge)  for Labour and Employment, Shri Oscar Fernandes in written reply  in Lok Sabha today.

 MLD/LK/L-254( LS- Funds in epf) April 30