Short Summary on Atmanirbhar Bharat Rozgar Yojna
The new Scheme is being launched to incentivise the creation of new employment opportunities during the COVID recovery phase. The Aatmanirbhar Bharat Rozgar Yojana has been bifurcated into Incentives for employee-beneficiaries as well as incentives for establishments.
Eligibility for Employee-Beneficiaries:-
> New Employees earning monthly wages less than Rs.15,000 with any EPF compliant organisation.
> EPF member Employees with the above monthly wage but with a COVID related break in employment from 01.03.2020 to 30.09.2020 and with a rejoining date on or post 01.10.2020
Eligibility for Establishments
> Establishments adding a minimum of two employees to their reference base of 50 employees.
> Establishments adding a minimum of five employees to a reference base of more than 50 employees.
> Subsidy to be extended to all new employees of establishments registering with EPFO after the scheme is operational.
Central Government Subsidies
Some Frequently Ask Questions (FAQ):-
1. Applicability of the announcement?
Ans: Applicable on all establishment.
2. Applicable from?
Ans: EPF member Employees with the above monthly wage but with a COVID related break in employment from 01.03.2020 to 30.09.2020 and with a rejoining date on or post 01.10.2020.
3. Can Employer deduct EPF from the eligible employees?
4. What is the impact on employees’ salary?
Ans: Salary in hand will increase.
5. What if ECR not submitted on time?
Ans: No Problem