EPFO Plans to Put 3% of Fresh Inflows to Work for Startups

The Employees' Provident Fund Organisation is drafting guidelines to invest in startups and SEBI-regulated Category I and II alternative investment funds, up to 3% of annual fresh accretions, five years after government approval. The plan, to be reviewed by EPFO trustees, may route allocations via NIIF and SIDBI and includes safeguards like minimum corpus and exposure limits.