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The government provides financial support and welfare relief packages to the unorganised sector and workers. The measures include relief under the Pradhan Mantri Garib Kalyan Yojana for food grains, ex-gratia payments, and wage increases. The government implements the Aatmanirbhar Bharat Rozgar Yojana through the Employees Provident Fund Organisation to incentivize new employment creation. The scheme provides government contributions for employee and employer shares for a period of two years based on establishment strength. The government also provides collateral-free working capital loans to street vendors under the PM-SVANidhi Scheme. State governments receive directions to use the Building and Construction Workers Welfare Fund for construction worker relief.
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Ministry of Labour & Employment
Posted On: 10 MAR 2021 2:24PM by PIB Delhi
The Government had announced Rs 1.70 Lakh Crore ‘Pradhan Mantri Garib Kalyan Yojana’ relief package on 26.03.2020 to help the poor in the fight against Corona Virus. Government has also taken various measures under Pradhan Mantri Garib Kalyan Yojana (PMGKY). Some of these are as follows:
The Government is providing fiscal stimulus of more than rupees twenty seven lakh crore as part of the Aatmanirbhar financial Package. Aatmanirbhar Bharat package comprises of various long term schemes/ programmes/ policies for making the country self-reliant and to create employment opportunities for all the sectors and regions including Tamil Nadu.
Aatmanirbhar Bharat Rozgar Yojana (ABRY) Scheme has been launched to incentivize creation of new employment alongwith 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, the 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.
PM-SVANidhi Scheme has facilitated collateral free working capital loan upto Rs.10,000/- for one-year tenure to street vendors, to resume their businesses.
Central Government has given directions to State Governments to use the Building and Construction Workers Welfare Fund to provide relief to Construction Workers.
Government has earmarked an additional Rs. 40,000 crore under MGNREGS to generate nearly 300 crore person days in total addressing need for more work including returning migrant workers
In addition, RBI and Government of India have introduced measures to infuse liquidity in the economy to sustain the market economy and raise the level of employment.
This information was given by Minister of State (I/C) for Labour & Employment Shri Santosh Kumar Gangwar in a written reply in Rajya Sabha today.
MS/jk
(Release ID: 1703744)
