Yes, the employees can withdraw the funds in your VPF account as a loan.
Voluntary Provident Fund (VPF) is the additional contribution done by an employee in his/her Provident Fund. This contribution is done over and above the mandatory contribution deducted from the employee's salary. This mandatory deduction is specified by the Government of India.
❓FAQs- To read more FAQs about VPF, click here.
📃Documentation- To learn more about the ESS portal, click here.
▶Video- To watch the videos on the ESS portal, click here.
📢Product Update- To read about the product update, click here.