Atmanirbhar Bharat Rozgar
Yojana: Government launches new employment scheme, all you need to know!
The Atmanirbhar
Bharat Rozgar Yojana aims to benefit any new employee joining employment in
EPFO registered establishments on monthly wages less than Rs 15,000.
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| Published by : GOOGLE |
The Government has launched a new employment scheme Atmanirbhar Bharat Rozgar Yojana to incentivise the creation of new employment opportunities during the COVID-19 recovery phase.
The scheme was launched as a part of a fresh stimulus
worth Rs 2.65 lakh crore announced by Finance Minister Nirmala Sitharaman on
November 12, 2020 to boost the COVID-hit Indian economy.
The Finance Minister had announced 12 new measures under Atmanirbhar
Bharat 3.0 during her press conference. She had announced
the launch of 'Atmanirbhar Bharat Rozgar Yojana’ alongside other key
announcements to revive employment opportunities in India.
What
is Atmanirbhar Bharat Rozgar Yojana?
The Atmanirbhar Bharat Rozgar Yojana
aims to benefit any new employee joining employment in EPFO registered
establishments on monthly wages less than Rs 15,000 and those who left their
jobs between March 1 to September 30 and are employed from October 1. It
will also benefit establishments registered with EPFO subject to certain
conditions.
Key
Beneficiaries of Atmanirbhar Bharat Rozgar Yojana
1. New
employee employed in EPFO registered establishments on monthly wages less than
Rs 15000.
2. EPF
members drawing monthly salary below Rs 15000 who left employment during COVID
pandemic between March 1, 2020 to September 30, 2020 and are employed on or
after October 1, 2020.
Eligibility
for establishments
The establishments registered with EPFO will benefit
from the scheme if they add new employees compares to the reference base of
employees as in September 2020 as under:
1. Minimum two new employees if reference base is 50
employees or less.
2. Minimum five new employees if reference base is more
than 50 employees
3. The
establishments registering with EPFO after launch of the scheme to get subsidy
for all new employees.
4. Scheme's
validity: The Atmanirbhar Bharat Rozgar Yojana will be
operational till June 30, 2021
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