Amendment in EPF scheme for buying homes GOVERNMENT OF INDIA MINISTRY OF LABOUR AND EMPLOYMENT RAJYA SABHA UNSTARRED QUESTION NO-1056 ANSWERED ON-27.12.2017 Amendment in EPF scheme for buying homes 1056 . Shri R. Vaithilingam (a)whether Government will amend the Employees” Provident Fund (EPF) scheme to enable around 4 crore members of Employees” Provident Fund Organisation (EPFO) to withdraw upto 90 per cent of their fund for making down payments while buying houses; (b)whether said amendment will also allow the EPFO subscribers to use their EPF accounts for paying equated monthly installments of home loans; and (c)whether under the proposed provision in the EPF scheme, the subscribers would have to form a cooperative society with at least 10 members to avail of the facility? ANSWER MINISTER OF STATE (IC) FOR LABOUR AND EMPLOYMENT (SHRI SANTOSH KUMAR GANGWAR) (a) to (c): The Government vide Notification No. G.S.R.351 (E) dated 12th April, 2017 has inserted a paragraph 68BD in Employee...