Central government to approve loans for PF subscribers @8.75% interest!
Posted on: 08/Sep/2014 1:01:26 PM
It is learnt that the central government is set to approve loans at 8.75% interest for Provident Fund subscribers probably in the next week.
Once the approval is given, the procedure for calculating the interest rate for the loans to PF subscribers will commence.
The government recently decided on 8.75% interest rate for the PF subscribers for the financial year 2014-15.
EPFO (Employees provident Fund Organisation) took this decision under the leadership of the central minister for employees’ welfare, Mr. Narendra Singh Tomar.
