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The Ministry of Labour and Employment presents various initiatives for promoting employment generation in the country. The Government implements the Aatmanirbhar Bharat Rozgar Yojana Scheme through the Employees Provident Fund Organisation to incentivize the creation of new employment and restore employment lost during the COVID-19 pandemic. The Government credits the employee share and the employer share of the contribution depending on the employment strength of the registered establishments. The Government also executes the Pradhan Mantri Garib Kalyan Yojana, Prime Minister’s Employment Generation Programme, Mahatma Gandhi National Rural Employment Guarantee Scheme, and Pradhan Mantri Mudra Yojana to facilitate self-employment and fund business activities.
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Ministry of Labour & Employment
Posted On: 08 MAR 2021 6:32PM by PIB Delhi
Ministry of Labour and Employment, Government of India has taken a number of initiatives for promoting employment generation in the country. Aatmanirbhar Bharat Rozgar Yojana (ABRY) Scheme has been to incentivize creation of new employment along with social security benefits and restoration of loss of employment during COVID-19 pandemic. This scheme being implemented through the Employees Provident Fund Organisation (EPFO), reduces the financial burden of the employers of various sectors/industries including MSMEs and encourages 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. As on 17.02.2021 benefits are to be provided to 8.42 lakh beneficiaries through 38,320 establishments.
Under Pradhan Mantri Garib Kalyan Yojana (PMGKY), Government of India has contributed both 12% employer’s share and 12% employee’s share under Employees Provident Fund (EPF), totaling 24% of the wage for the wage month from March to August, 2020 for the establishments having upto 100 employees with 90% of such employees earning less than Rs. 15000/-. Under the PMGKY scheme Rs 2567.66 crore was credited in EPF accounts of 38.82 lakhs eligible employees.
Employment generation coupled with improving employability is the priority of the Government. Government has taken various steps for generating employment in the country like encouraging various projects involving substantial investment and increasing public expenditure on schemes like Prime Minister’s Employment Generation Programme (PMEGP), Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), Pt. Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) and Deendayal Antodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) run by Ministry of Micro, Small & Medium Enterprises, Ministry of Rural Development and Ministry of Housing & Urban Affairs, respectively.
Pradhan Mantri Mudra Yojana (PMMY) has been initiated by Government inter alia, for facilitating self-employment. Under PMMY collateral free loans upto Rs. 10 lakh, are extended to micro/small business enterprises and to individuals to enable them to setup or expand their business activities.
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.
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(Release ID: 1703246)
