Provident Fund Act:
The Employees’ Provident Funds and Miscellaneous Provisions Act mainly provide retirement or old age benefits, such as Provident Fund, Superannuation, Pension, Invalidation Pension, Family Pension and Deposit Linked Insurance.
Eligibility: Any person who is employed for work of an establishment or employed through contractor in or in connection with the work of an establishment.
* Establishment which is factory engaged in any industry specified in Schedule 1 and in which 20 or more persons are employed.
* Any other establishment employing 20 or more persons whom Central Government may, by notification, specify in this behalf.
Any establishment employing even less than 20 persons can be covered voluntarily under section 1(4) of the Act.