Current context: EPFO launched VISHWAS, 2026 to settle old disputes related to damages imposed for delayed provident-fund payments.
- The scheme became effective on 29 June 2026 and was officially announced on 17 July 2026.
- It will remain open for six months from the effective date.
- It applies mainly to eligible PF defaults relating to periods before 14 June 2024.
- The scheme covers cases pending before courts, tribunals or EPFO authorities, including cases where recovery is still pending.
- Reduced damages are 0.25% per month for delays below two months, 0.50% per month for delays between two and four months, and 1% per month for delays of four months or more.
- Employers must pay the full PF contribution and applicable statutory interest; only the damages component is reduced.
- Applications must be submitted online through the EPFO Employer Portal.
- After approval, the employer must pay the settlement amount within the prescribed period and withdraw any pending legal case.
- Cases involving fraud, misappropriation or fully recovered damages are not eligible.
- The scheme aims to reduce litigation, speed up recovery and encourage voluntary PF compliance.
Question:
Q1. Employers must submit applications under VISHWAS, 2026 through:
a) UMANG application
b) EPFO Employer Portal
c) National Single Window System
d) Income Tax e-Filing Portal
Answer: b) Applications must be submitted online through the EPFO Employer Portal. After approval, the employer must pay the settlement amount within the prescribed period.
