EPFO manages ₹32 lakh crore corpus from over eight crore members
GS2Polity · Governance · IR· Vulnerable sections (SC/ST, minorities, disabled, elderly, children)· Prelims·
Why in news
Union Labour Minister Mansukh Mandaviya inaugurated the 74th Foundation Day of the EPFO, highlighting its management of a ₹32 lakh crore corpus for over eight crore members.
Background
The Employees’ Provident Fund Organisation (EPFO) manages a corpus of ₹32 lakh crore. As of November 1, 2026, the organization serves over eight crore members.
Facts for Prelims
- FactEPFO manages a corpus of ₹32 lakh crore as of November 2026
- FactEPFO serves over eight crore members
- PostMansukh Mandaviya is the Union Labour Minister
For Mains
Q. Discuss the challenges in extending social security benefits to workers in the unorganised sector and the role of EPFO in achieving universal social security.
Dimensions to cover in your answer
- Coverage gap: Difficulty in formalizing and registering gig and informal workers under existing EPFO framework
- Administrative hurdle: High compliance costs for small enterprises to contribute to provident fund schemes
Keywords: social security · unorganised sector · financial inclusion · labour welfare · provident fund
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