aatmanirbhar package: Centre providing fiscal stimulus of Rs 27 lakh crore as part of Aatmanirbhar package: Gangwar indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Benefits of Pradhan Mantri Rojgar Protsahan Yojana provided to 1.21 cr beneficiaries: Minister Gangwar ANI | Updated: Mar 10, 2021 21:25 IST
In a written reply to a question in Rajya Sabha, Gangwar said that the Centre is paying Employer s full contribution i.e. 12 per cent towards Employees Provident Fund (EPF) and Employees Pension Scheme (EPS) both (as admissible from time to time) for a period of three years to the new employees through Employees Provident Fund Organisation (EPFO).
The beneficiaries registered upto March 31, 2019, will continue to receive the benefits for three years from the date of registration under the scheme.
Furthermore, he also said that the Aatmanirbhar Bharat Rozgar Yojana (ABRY) Scheme is being implemented with effect from October 1, 2020 to incentivise the creation of new employment along with social security benefits and restoration of loss of employment during the COVID-19 pandemic.
Centre providing fiscal stimulus of Rs 27 lakh crore as part of Aatmanirbhar package: Gangwar ANI | Updated: Mar 11, 2021 00:08 IST
In a written reply to a question in Rajya Sabha today, Gangwar said that the government increasing public expenditure on various schemes run by the Ministry of Micro, Small and Medium Enterprises, Ministry of Rural Development and Ministry of Housing and Urban Affairs.
Furthermore, the Aatmanirbhar Bharat Rozgar Yojna (ABRY) Scheme has been launched to incentivise employers for the creation of new employment along with social security benefits and restoration of loss of employment during the COVID-19 pandemic.
Under ABRY, the Government of India is bearing for a period of two years, both the employees share (12 per cent of wages) and employers share (12 per cent of wages) of contribution payable or only the employees share, depending on employment strength of the Employees Provident Fund Organisation (EPFO)
Net additions under ESIC stood at 0.93 million in November, 1.19 million in October and 1.15 million in September. Average monthly addition under ESIC in 2019-20 stood at 1.2 million.
The Labour Ministry in a statement said that the provisional payroll data of Employees' Provident Fund Organisation (EPFO) highlights a positive trend for net subscribers base growth with the addition of 12.54 lakh subscribers in December 2020.