Employees provident fund organization housing (EPFO) Scheme will be launched next month for its subscribers. This scheme will facilitate its subscribers to pay Home loans through EMI from their PF account.
Every one of us works so hard in our life just to satisfy some of our basic needs, the house is one the needs. Owning a house gives us a sense of security. After a long day of work, home is the only place where we feel relaxed.
With other government agencies making efforts to provide every citizen of the country a house of their own, EPFO has also decided to join the mission. EPFO will form a society of 20 members with their employee and the subscriber to deal with the bank, builders and the sellers of the home.
EPFO has announced to issue a certificate to the subscribers which will tell the bank about the capacity of the subscriber to repay the loan amount. Under this scheme, the beneficiary can also take the benefit of various state and national housing schemes.
Employee provident fund organization housing scheme is expected to be launch after the end of election polling in all five states. Now owning a house would be much easier for the subscribers of EPFO.
Apply online for Employee provident fund organization housing scheme
The online procedure for applying to this scheme is yet to be disclosed by the agency. There is no announcement about the procedure for the application neither offline nor online. For any further details keep visiting the website.
Click here to visit the official website http://epfindia.gov.in/site_en