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The Union Cabinet, chaired by Prime Minister Narendra Modi, approved raising the wage ceiling for mandatory coverage under the Employees' Provident Fund Organisation from Rs 15,000 to Rs 25,000 a month, effective from 17 September 2026. The decision is expected to bring more than 51 lakh additional employees within mandatory EPFO coverage, expanding their access to provident fund savings, pension protection under the Employees' Pension Scheme, and insurance cover under the Employees' Deposit Linked Insurance Scheme. This is the first revision of the ceiling in twelve years, since it was last raised from Rs 6,500 to Rs 15,000 in September 2014.