
The Central Government has introduced the VISHWAS 2026 scheme, aimed at facilitating the amicable resolution of disputes concerning damages levied on employers under Section 14B of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, and Section 128 of the Code of Social Security, 2020.
The VISHWAS 2026 scheme became effective on June 29, 2026, following the Central Government's notification.
This scheme is highly time-sensitive, remaining in force for a strict, non-extendable period of 6 months from its notification date.
Eligible establishments must complete their online submissions within this brief window to avail themselves of legal relief.
The scheme specifically applies to 4 distinct operational categories of ongoing and pending damage assessment cases.
These include ongoing litigation cases, finalised 14B orders with unpaid or partially paid damages, pre-adjudication notice cases, and uninitiated pre-adjudication cases.
Each category addresses different stages of dispute resolution to ensure comprehensive coverage.
VISHWAS 2026 offers a heavily discounted, flat, month-wise rate of damages for all default periods occurring prior to June 14, 2024.
For defaults up to 2 months, the rate is set at 0.25% per month; defaults between 2 to 4 months are capped at 0.50% per month; and any default exceeding 4 months will attract 1.00% per month.
This replaces all regular statutory penalties, providing significant financial relief to employers.
Read More: EPFO Begins Crediting 8.25% Interest for FY26: What Members Need to Know!
To qualify for the scheme, employers must remit all outstanding statutory interest under Section 7Q or Section 127 before applying.
Additionally, they must submit a formal, legally binding undertaking to withdraw and forgo any future legal appeals. These conditions ensure that the resolution process remains streamlined and effective.
The VISHWAS 2026 scheme offers a structured approach to resolving employer disputes, with a 6-month application window from June 29, 2026. It covers 4 categories of disputes, offering concessional damage rates of 0.25% to 1.00% per month for defaults before June 14, 2024, contingent on fulfilling specific conditions.
Read stock market news in Hindi. Head to Angel One's share market news in Hindi for comprehensive coverage.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 13, 2026, 4:33 PM IST

Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
