Atmanirbhar Bharat Rozgar Yojana to encourage fresh hiring; scheme to benefit 58.5 lakh employees
New Delhi: The Union Cabinet, presided over by Prime Minister Narendra Modi, on Wednesday (December 9) accredited Rs 22,810 crore outlay for Atmanirbhar Bharat Rojgar Yojana that goals at encouraging companies to do recent hiring. The scheme is prone to profit round 58.5 lakh workers.
Under the employment scheme, the federal government will for 2 years present worker and employer contribution to the retirement fund for brand new hires by companies and entities, Labour Minister Santosh Gangwar mentioned in a cupboard briefing.
Notably, the ABRY would enhance employment within the formal sector and incentivize the creation of recent employment alternatives in the course of the Covid restoration part beneath Atmanirbhar Bharat Package 3.0.
Live TV
Cabinet has accredited an expenditure of Rs 1,584 crore for the present monetary 12 months and Rs 22,810 crore for the complete Scheme interval i.e. 2020-2023, in line with the Ministry of Labour and Employment.
Salient options of ABRY are:
1. The authorities will present subsidy for 2 years in respect of recent workers engaged on or after 1st October 2020 and as much as 30th June 2021
2. The authorities can pay each 12% workers’ contribution and 12% employers’ contribution i.e. 24% of wages in the direction of EPF in respect of recent workers in institutions using as much as 1000 workers for 2 years
3. The authorities can pay solely workers’ share of EPF contribution i.e. 12% of wages in respect of recent workers in institutions using greater than 1000 workers for 2 years.
3. An worker drawing month-to-month wage of lower than Rs 15000/- who was not working in any institution registered with the Employees’ Provident Fund Organisation (EPFO) earlier than 1st October 2020 and didn’t have a Universal Account Number or EPF Member account quantity previous to 1st October 2020 shall be eligible for the profit.
4. Any EPF member possessing Universal Account Number (UAN) drawing month-to-month wage of lower than Rs 15000/- who made exit from employment throughout Covid pandemic from March 1, 2020, to September 30, 2020, and didn’t be a part of employment in any EPF lined institution as much as September 30, 2020, will even be eligible to avail profit.
5. EPFO will credit score the contribution within the Aadhaar seeded account of members in an digital method.
6. EPFO shall develop software program for the scheme and likewise develop a process that’s clear and accountable at their finish.
7. EPFO shall work out modality to make sure that there isn’t any overlapping of advantages offered beneath ABRY with some other scheme carried out by EPFO.
$(function() { return $("[data-sticky_column]").stick_in_parent({ parent: "[data-sticky_parent]" }); });
reset_scroll = function() { var scroller; scroller = $("body,html"); scroller.stop(true); if ($(window).scrollTop() !== 0) { scroller.animate({ scrollTop: 0 }, "fast"); } return scroller; };
window.scroll_it = function() { var max; max = $(document).height() - $(window).height(); return reset_scroll().animate({ scrollTop: max }, max * 3).delay(100).animate({ scrollTop: 0 }, max * 3); };
window.scroll_it_wobble = function() { var max, third; max = $(document).height() - $(window).height(); third = Math.floor(max / 3); return reset_scroll().animate({ scrollTop: third * 2 }, max * 3).delay(100).animate({ scrollTop: third }, max * 3).delay(100).animate({ scrollTop: max }, max * 3).delay(100).animate({ scrollTop: 0 }, max * 3); };
$(window).on("resize", (function(_this) { return function(e) { return $(document.body).trigger("sticky_kit:recalc"); }; })(this));
}).call(this);
} on_load_google_ad(); function sendAdserverRequest() { try { if (pbjs && pbjs.adserverRequestSent) return; googletag.cmd.push(function() { googletag.pubads().refresh(); }); } catch (e) {
googletag.cmd.push(function() { googletag.pubads().refresh(); }); } } setTimeout(function() { sendAdserverRequest(); }, 5000);
function on_load_fb_twitter_widgets(){ (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = "https://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.9"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));
window.twttr = (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0], t = window.twttr || {}; if (d.getElementById(id)) return t; js = d.createElement(s); js.id = id; js.src = "https://platform.twitter.com/widgets.js"; fjs.parentNode.insertBefore(js, fjs); t._e = []; t.ready = function(f) {
t._e.push(f); }; return t; }(document, "script", "twitter-wjs")); }
//setTimeout(function() { on_load_google_ad(); }, 5000); setTimeout(function() { on_load_fb_twitter_widgets(); }, 5000);
Source