Atmanirbhar Bharat Rojgar Yojana

Syllabus: General Studies Paper 2

Context:

• The Ministry of Labour and Employment provided details about the State-wise number of beneficiaries under ABRY.

About the Scheme

• Last year, the Union Cabinet gave its approval for Atmanirbhar Bharat Rojgar Yojana (ABRY).
• Under ABRY, the government will provide subsidy for provident fund contributions for adding new employees to establishments registered with the Employees’ Provident Fund Organisation (EPFO).
• The Centre will provide the subsidy for two years for workers who lost jobs between March 1 to September 30 and for new workers employed on or after October 1.

Salient features of ABRY

• Under the scheme, the Government of India will pay both 12% employees’ contribution and 12% employers’ contribution i.e. 24% of wages towards Employees’ Provident Fund (EPF) in respect of new employees in establishments employing upto 1000 employees for two years.
• The Government of India will pay only employees’ share of EPF contribution i.e. 12% of wages in respect of new employees in establishments employing more than 1000 employees for two years.

Eligibility

• The beneficiaries include new employee drawing less than Rs. 15,000 per month, who falls under one of the following categories:-
  • who was not working in any establishment registered with the Employees’ Provident Fund Organisation (EPFO) and did not have a Universal Account Number (UAN) prior to 1st October 2020
  • any EPF member possessing Universal Account Number (UAN) drawing monthly wage of less than Rs. 15000/- who made exit from employment during Covid pandemic from 01.03.2020 to 30.09.2020 and did not join employment in any EPF covered establishment up to 30.09.2020.

PIB link

https://pib.gov.in/PressReleasePage.aspx?PRID=1780939

Question- Write a short note on provisions of Atmanirbhar Bharat Rojgar Yojana.