Atmanirbhar Bharat Rojgar Yojana

 The purpose of launching Atmanirbhar Bharat Rozgar Yojana (ABRY) is to incentivize employers to create new jobs as well as social security benefits and restore lost jobs during the COVID-19 pandemic.

About the Atmanirbhar Bharat Rojgar Yojana (ABRY):

♦ The Indian government will provide a two-year subsidy for new employees hired between October 1, 2020 or later, and upto June 30, 2021.

♦ For new employees in companies that employ up to 1,000 employees, the Indian government will pay employees 12% of employee dues and 12% of employer dues, which is 24% of the salary paid by EPF ( two years).

♦ The Indian government will only pay employees’ EPF contribution share, which is 12% of 12% of wages in respect of new employees in establishments employing more than 1000 employee for two years.

♦ The monthly salary of employees is less than Rs. 15000 /-If you have not worked in an organization registered with the Employees Provident Fund Organization (EPFO) before October 1, 2020, and you do not have a Universal Account Number or EPF Member Account before October 1, 2020, you are eligible for this benefit.

♦ From March 1, 2020 to September 30, 2020, EPF members who quit their work during the Covid pandemic and have a Universal Account Number (UAN) with a monthly salary of less than 15,000 rupees and have not joined any EPF-protected organization up to September 30  will also be eligible for benefits.