Central Board of Trustees (CBT) had approved 8.65 per cent interest rate for the last fiscal in February this year.
EPFO had provided a five-year-low interest rate of 8.55 per cent to its subscribers for 2017-18.
The bills will cover the safety, working conditions and wages of workers and promote the ease of living and doing business, the minister said.
The total backlog or outstanding provident fund dues of the EPFO during 2018-19 was Rs 791.63 crore.
The scheme provides assured monthly pension of Rs 3,000, with contribution of Rs 100 per month.
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