Why in News?
The Government of India has launched VISHWAS 2026, a one-time settlement scheme aimed at resolving long-pending disputes related to the Employees’ Provident Fund Organisation (EPFO) by providing employers an opportunity to settle eligible cases with a significantly reduced penalty.
Key Points
- Nature: One-time settlement scheme for eligible EPFO-related disputes.
- Deadline: December 28, 2026.
- Extension: The closing date will not be extended.
- Eligibility: Certain cases involving delayed PF contribution payments made before June 14, 2024 may be considered, subject to specified conditions.
- Pre-condition: Employers must first clear all outstanding interest on delayed PF contributions before applying.
- Penalty: Eligible employers can settle disputes by paying a substantially reduced penalty amount.
- Implementation: Dedicated VISHWAS Cells and Helpdesks have been established across all 153 EPFO Regional Offices.
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