Government to use Rs 23,810 crores under ABRY to improve employment

On December 9, the Union Cabinet approved Rs 22,810 crore under Atmanirbhar Bharat Rojgar Yojana (ABRY) that aims at improving employments and fresh hiring.

An official statement said, “The Union Cabinet, chaired by the Prime Minister, Narendra Modi, has given its approval for Atmanirbhar Bharat Rojgar Yojana to boost employment in the formal sector and incentivize the creation of new employment opportunities during the COVID-19 recovery phase under Atmanirbhar Bharat Package 3.0.”

Additionally, it stated, the cabinet has allotted Rs 1,584 crores for expenditure for the current financial year. Moreover, for the Scheme period 2020-2023, the government has allotted 22,810 crores.

In a Cabinet decision, Labour Minister Santosh Gangawar said the government will provide subsidies for two years. In these years, new employees engaged on or after October 1, 2020, and up to June 30, 2021.

The government will contribute 24 percent of basic wages towards EPF (employees provident funds), 12 percent of employees’ contribution, and 12 percent employers’ contribution.

An employee who earns less than Rs 15,000 and is not a part of establishing registered with the Employees’ Provident Fund Organisation before October 1, 2020, also did not have a Universal Account Number or EPF Member account number prior to October 1, 2020, can be avail the benefits.

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