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The Ministry of Labour and Employment launches the Aatmanirbhar Bharat Rozgar Yojana to incentivize employers for the creation of new employment and the restoration of jobs lost during the COVID-19 pandemic. The Employees' Provident Fund Organisation implements the scheme. The Government of India pays the employee share and the employer share of contributions or only the employee share based on establishment size. The scheme commences from 1st October 2020 and remains open for registration up to 30th June 2021. The Government pays the subsidy for two years from the registration date. The approved financial outlay is 22810 Crore rupees for the period from 2020 to 2023.
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Ministry of Labour & Employment
Posted On: 08 FEB 2021 5:25PM by PIB Delhi
Aatmanirbhar Bharat Rozgar Yojana (ABRY) has been launched to incentivize employers for creation of new employment along with social security benefits and restoration of loss of employment during COVID-19 pandemic. Under the scheme;
This scheme being implemented through the Employees’ Provident Fund Organisation (EPFO), reduces the financial burden of the employers of various sectors/industries including MSME and will encourages them to hire more workers. Under ABRY, the Government of India is bearing both the employees’ share (12% of wages) and employers’ share (12% of wages) of contribution payable or only the employees’ share, depending on employment strength of the EPFO registered establishments. The scheme has commenced from 1st October 2020 and shall remain open for registration of eligible employers and new employees upto 30th June 2021. Government will pay the subsidy for two years from the date of registration.
The outlay approved by the Government for the total period of scheme implementation i.e. from 2020 to 2023 is Rs. 22810 Crore.
This information was given by Minister of State (I/C) for Labour & Employment Shri Santosh Kumar Gangwar in a written reply in Lok Sabha today.
MS/jk
(Release ID: 1696218)
