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Atmanirbhar Bharat Rojgar Yojana

Atmanirbhar Bharat Rojgar Yojana:

Maharashtra has topped the list of states with maximum number of beneficiaries under the Atmanirbhar Bharat Rojgar Yojana (ABRY), followed by Tamil Nadu and Gujarat.

  • It was launched in November 2020 to boost employment in the formal sector and incentivize creation of new employment opportunities during the Covid-19 recovery phase under Atmanirbhar Bharat Package 3.0.
  • It provides subsidy for provident fund contribution for adding new employees to establishments registered with the Employees’ Provident Fund Organization (EPFO).
  • The organizations of up to 1000 employees would receive employee’s contribution (12% of wages) & employer’s contributions (12% of wages), totalling 24% of wages, for two years.
  • Employers with over 1,000 employees will get employees’ contribution of 12%, for two years.
  • The subsidy amount under the scheme will be credited upfront only in Aadhaar-seeded EPFO accounts (UAN) of new employees.
  • Establishments registered with EPFO will be eligible for the benefits if they add new employees compared to the reference base of employees as in September 2020.
  • Establishments, with up to 50 employees, would have to add a minimum of two new employees.
  • The organizations, with more than 50 employees, would have to add at least five employees.
  • Any new employee joining employment in EPFO registered establishments on monthly wages less than Rs. 15,000.
  • Those who left their job between 1st March to 30th September 2020 and are employed on or after 1st October 2020.