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The Government of India implements the Aatmanirbhar Bharat Rozgar Yojana through the Employees’ Provident Fund Organisation to incentivize employment creation and restore employment lost during the COVID-19 pandemic. The scheme provides a government subsidy for employee and employer provident fund contributions for a period of two years. Eligible employees include new workers earning less than Rs. 15000 per month without prior EPFO registration before October 1, 2020, and former EPF members who exited employment between March 1, 2020, and September 30, 2020. The scheme commences from October 1, 2020, and remains open for registration up to June 30, 2021.
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Ministry of Labour & Employment
Posted On: 15 MAR 2021 3:03PM 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 and will encourage them to hire more workers. Under ABRY, Government of India is crediting for a period of two years, 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.
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: 1704829)
