Atmanirbhar Bharat Rojgar Yojana

Atmanirbhar Bharat Rojgar Yojana

Topic: Government schemes

In news:

The expenditure on the Atmanirbhar Bharat Rojgar Yojana (ABRY), aimed at encouraging job creation, and on the ongoing creation of a national database of unorganised workers, was proposed to be increased in the Union Budget for 2022-23.

About:

Atmanirbhar Bharat Rojgar Yojana:

Atmanirbhar Bharat RojgarYojana (ABRY) aims to boost employment in formal sector andincentivize creation of new employment opportunities during the Covid recovery phase underAtmanirbhar Bharat Package 3.0.

Salient features of the Scheme:

• Government of India will provide subsidy for two years in respect of new employees engaged on or after 1st October, 2020 and upto 30th June, 2021.
• 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.
• 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 employee for two years.
• An employee drawing monthly wage of less than Rs. 15000/- who was not working in any establishment registered with the Employees’ Provident Fund Organisation (EPFO) before 1st October, 2020 and did not have a Universal Account Number or EPF Member account number prior to 1stOctober 2020 will be eligible for the benefit.
• 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 will also be eligible to avail benefit.

e-Shram portal:

• Under the scheme, the government pays the employees’ share of Employees’ Provident Fund for new members with a salary of under ₹15,000 a month.
• In the Budget, the Ministry’son going project to register unorganised sector workers through the e-Shram portal was given an increased outlay from ₹150 crore in 2021-22 to ₹500 crore in 2022-23.