The government will fill the share of PF in the company which has up to 1000 employees. Yes, the government will give 12 percent employee’s share and 12 percent company’s share. 65 percent of the companies will be covered in it.
Aatmanirbhar Bharat Rozgar Yojana Deadline to be Extend: The current deadline of the Central Government, Aatmanirbhar Bharat Rozgar Yojana (ABRY Scheme) has been extended from June 30 to March 2022 next year. Finance Minister Nirmala Sitharaman announced this on Monday.
Let us inform that the Union Cabinet had approved the ABRY scheme in December last year. Under this scheme, apart from paying the mandatory provident fund contribution of the employees, the government also pays the employer’s contribution on new appointments for two years. The Union Ministry was preparing to extend the deadline of this scheme to encourage new appointments in the country amid the Corona epidemic.
Under the Self-Reliant India Employment Scheme, those people have been linked to the Provident Fund (EPFO) and will be added further who were not registered till now. Under this scheme, the government gives the full 24 percent share in the Provident Fund (PF) fund to the employees associated with EPFO for two years and will give further
Normally this is the rule
Normal salaried people have to contribute 12 percent to the PF fund themselves, while the remaining 12 percent is contributed by the employer company. But those who join EPFO under the Prime Minister’s Self-Reliant India Employment Scheme will not have to worry about their PF for two years. The government itself will put money in the PF account in exchange for both the person doing the job and the company giving the job.
Government will contribute to EPF on new appointments
Self-reliant India Employment Scheme has been started to compensate for the loss of employment during the corona transition. Under this, the employee’s provident fund will be contributed by the government for 2 years on the new appointment. This contribution will be 12-12 per cent of the salary. Employers will be encouraged to create employment through this scheme. The scheme will be implemented through Employees’ Provident Fund Organisation. On March 17, 2021, Labor Minister Santosh Gangwar had told in the Rajya Sabha that about 16.5 lakh citizens have been benefited under this scheme so far.
If companies take back the fired workers then…
Under Aatmnirbhar Bharat Rozgar Yojana, if companies take back the employees fired during the lockdown, then they will be provided salary subsidy by EPFO ranging from 12 percent to 24 percent. The government has set a target of creating 10 lakh jobs in the next 2 years through the Employees’ Provident Fund Organization.
Beneficiaries of Self-reliant India Employment Scheme
Those employees with a salary less than Rs 15,000, who were not employed in any EPFO registered establishment before 1 October 2020 and did not have Universal Account Number or EPF Member Account Number before 1 October 2020, they will get the benefit of this scheme. will get.
Those employees who had Universal Account Number and were getting salary of less than Rs 15000 and whose job was lost between 1st March 2020 to 30th September 2020 due to Coronavirus infection, as well as 30 days in any of their EPF registered establishments Those who have not been appointed before September 2020, they will also get the benefit of the scheme.
How can you apply?
- First of all you have to go to the official website of EPFO. Now the home page will open in front of you.
- On the home page, you have to click on the Services tab.
- Now you have to click on the Employees tab.
- For Employee Registration, you have to click on the link of Register here.
- Now the registration form will open in front of you.
- You have to enter all the information asked in the registration form like name, email id, mobile number etc.
- After that you have to click on submit button.
Employee and employer company both will get benefit
- Benefit will be provided to both the employee and the organization under this scheme. If the registered organization under EPFO provides new employment opportunities, then those institutions will be able to get the benefits of this scheme.
- Such organizations whose employee capacity is less than 50 and those organizations provide employment to two or more employees and register those employees under the provident fund, then only the benefit of the scheme will be provided to both the organization and the employee.
- Similarly, such organizations whose employee capacity is more than 50, it is mandatory to register them under EPFO by providing employment to minimum 5 new employees.
- Any organizations that want to take advantage of the self-reliant India Employment Scheme, it is necessary that they should be registered / registered under EPFO so that the benefits can be given to both the new employee and the organization.
