More than 35 million formal sector workers, over half of all provident fund subscribers, have withdrawn money from their retirement savings since April 1, 2020, reflecting the hardships faced by salaried people since the outbreak of the pandemic. Nearly 7.2 million of these workers together availed of the non-refundable Covid advance that was allowed last year amounting to Rs 18,500 crore between April 1, 2020, and May 12, 2021, data from the

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