New employment opportunities under Atmanirbhar Bharat Rozgar Yojana

Goemkarponn desk
PANAJI: As a part of Atma Nirbhar Bharat 3.0 package, the Central Govt has launched the Atmanirbhar Bharat Rozgar Yojana (ABRY) to incentivize creation of new employment opportunities during COVID-19 recovery phase by providing financial assistance to employer of establishments registered with EPFO to recruit unemployed persons including giving re employment to those who rendered unemployment during the Pandemic. i.e between March ,2020 to September 2020.
Under The Atmanirbhar Bharat Rozgar Yojana (ABRY), Central Government will pay both the employees’(12% of wages) and employer’s (12% of wages) share of contribution payable under the EPF & MP Act, 1952 or only the employees’ share, depending on the employment strength of the establishment, directly to the Universal Account Number of eligible employee maintained by the EPFO. The Scheme commenced from 1st October, 2020 and shall remain open for registration of eligible employers and new employees up to 30th June, 2021. The benefit shall be available for a period of twenty-four months from date of registration of new employee, not later than 30/06/2023 in any case.
Eligibility criteria of establishments for getting the benefit of contributions from Central Govt:
Establishments already registered before the commencement of this Scheme shall have to employ, over and above the reference base, minimum two new employees (if the reference base of employee is less than or equal to 50) and minimum five new employees (if the reference base of employees is more than 50)
For new establishments getting covered & registered under EPF & MP Act, 1952 from any date during the validity period of this Scheme from 01.10.2020 to 30.06.2021, the reference base of employees shall be treated as Zero and benefits can be availed for all new eligible employees.
For detailed information kindly visit the below mentioned link
https://www.epfindia.gov.in/site_en/abry.php