<h1>India to Amend EPF Scheme, Allow 90% Fund Withdrawal for Housing under New Paragraph 68 BD.</h1> The Government of India plans to amend the Employees Provident Funds (EPF) Scheme, 1952, allowing EPF members to withdraw up to 90% of their funds for purchasing or constructing a house. This amendment introduces a new provision, paragraph 68 BD, applicable to EPF members who are part of a co-operative or housing society with at least ten EPF members. The withdrawn funds can also be used for repaying housing-related loans. As of March 2016, there were 17.14 crore EPF member accounts, with contributions received for 3.76 crore members during 2015-16. Eligibility conditions apply for accessing this facility.