What is the new monthly wage limit set for mandatory social security coverage under the EPFO?

The Union Cabinet approved raising the monthly wage limit for mandatory social security coverage under the EPFO ​​from ₹15,000 to ₹25,000, a move expected to benefit over 51 lakh additional workers. The estimated annual financial requirement for this change is ₹11,339 crore, with a total expenditure of ₹56,696 crore over five years; the key schemes under the EPFO ​​are EPF, EPS, and EDLI.