Assam Tea Plantations Provident Fund Scheme
in Assam
Last updated:
Assam Tea Plantations Provident Fund Scheme in Assam
Assam Tea Plantations Provident Fund Scheme is a government scheme available to eligible residents of Assam.
Apply for Assam Tea Plantations Provident Fund Scheme in Assam
Scheme Overview
The scheme aims to provide financial security to Assam tea plantation workers through a contributory provident fund. It benefits eligible employees earning up to ₹6,500/- per month by accumulating 12% contributions from both the worker and employer, earning interest to be paid upon retirement.
Eligibility Criteria
- The applicant must be employed in a tea plantation or a tea factory in Assam.
- The applicant must receive a monthly salary of up to ₹6,500/-.
- The applicant must be a daily wage worker (eligible from the first day of work).
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Benefits
Provident Fund Accumulation: Members receive credit for their own contribution of 12% of wages and an equal 12% contribution from the employer.
Interest: The accumulated deposits earn interest at a rate declared by the Board every year.
Final Settlement: The total credit balance with interest is paid to the member or nominee upon retirement, resignation, death, or invalidity.
Refundable Advances: Members can avail advances up to 25% of the balance or nine months' pay (whichever is less) for marriage, death ceremonies, medical treatment, or children's higher education.
Housing Advance: A non-refundable advance is available for constructing or purchasing a dwelling house, equal to 24 months' wage, total contribution, or housing cost, whichever is less.
Hardship Relief: A non-refundable advance is granted in cases of hardship due to natural calamities or the closure of a plantation.
Required Documents
| # | Document |
|---|---|
| 1 | Bank Account Details: A Bank Passbook or official bank document containing the Bank Account Number, Name of the Banker, Branch Name, and IFS Code. |
| 2 | Proof of Employment: An Employment Identity Card or Service Certificate issued by the Tea Garden Manager to substantiate that the applicant is an employee of a plantation or tea factory. |
| 3 | Proof of Wages: A Wage Slip or Salary Certificate to substantiate that the applicant's monthly salary is up to ₹6,500/- or that they are a daily wage worker. |
| 4 | Nomination Details: A Nomination Form or Declaration of Family Members to designate a beneficiary for the release of funds in the event of the member's death. |
| 5 | Death Certificate: A Death Certificate of the member (Required only for Family Pension or Deposit Linked Insurance claims by a nominee). |
| 6 | Medical Certificate: A Medical Certificate issued by a competent authority (Required only for Invalid Pension claims due to accident or invalidity). |
How to Apply in Assam
Step 1: The applicant furnishes their Bank Account Number, Name of the Banker, Branch, and IFS code to the tea garden Manager.
Offline Step 1: The applicant furnishes their Bank Account Number, Name of the Banker, Branch, and IFS code to the tea garden Manager.
Step 2: The applicant submits a claim application for Provident Fund settlement or advances through their employer.
Offline Step 2: The applicant submits a claim application for Provident Fund settlement or advances through their employer.
Step 3: The employer verifies the claim and forwards it to the Inspectorate, Zonal Office, or Head Office for settlement.
Offline Step 3: The employer verifies the claim and forwards it to the Inspectorate, Zonal Office, or Head Office for settlement.
Step 4: Upon approval, the Board credits the payment directly into the beneficiary's bank account if the amount is ₹5,000/- or above.
Offline Step 4: Upon approval, the Board credits the payment directly into the beneficiary's bank account if the amount is ₹5,000/- or above.
Common questions in Assam
Who can apply for Assam Tea Plantations Provident Fund Scheme in Assam?
Eligible residents of Assam who meet the scheme’s overall criteria can apply for Assam Tea Plantations Provident Fund Scheme. Refer to the eligibility section above for the complete checklist.
What documents are required for Assam Tea Plantations Provident Fund Scheme in Assam?
Applicants in Assam typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
You are eligible to become a member of the scheme and entitled to benefits from the very first day of your work. <br>