Skoch Awards given to EPFO for excellent Governance Initiatives [ Current Affairs ]


About Employee Provident Fund Organization (EPFO): It was initiated on 4th March 1952. It is also known as Karmchaari Bhavishya Nidhi Sanghatan. It is a legal body of the Government of India.

  • It runs under the Ministry of Labor and Employment.
  • Its main role is to provide Fund, Pension and Insurance schemes.
  • It is one of the India’s largest social security organizations.
  • Its main decision making head is Central Board of Trustees (CBT).
  • Its headquarters are in New Delhi.

About Skoch Awards:

  • These awards were initiated in 2003.
  • These awards are given to persons who contribute to a change in society and governance by showing leadership abilities.
  • These are honored to those individuals whose projects or institutions go extra mile to make India a better nation.
  • They are based on the leading positive socio - economic changes in the field of governance, finance, banking, technology, corporate citizenship, economics and complete growth.

About EPFO getting the award:

  • Skoch award was given to EPFO for its excellence initiatives on UAN Programme and Transformation of Society Security Agenda.
  • It is the 5th award won by EPFO in the last 2 years for its initiatives for the welfare of various sponsors.

- Published on: September 27, 2015