Pradhan Mantri Garib Kalyan Yojana : A Scheme to implement the PMGKY package for credit of employee’s & employer’s share of EPF & EPS contributions (24% of wages) for three months by Govt. of India.
The Govt. of India on 26.03.2020 relief package under Pradhan Mantri Garib Kalyan Yojana (PMGKY) and the Central Govt. proposes to pay 24 % of the monthly wages into EPF accounts for next three months of Wage-earners below Rupees 15,000/- per month, who are employed in establishments having up to one hundred employees, with 90% or more of such employees earning monthly wages less than Rs.15000/-
Validity of Scheme :The Scheme will be in operation for the wage months- March, 2020, April, 2020 and May, 2020.
Definitions for the Scheme
The definitions mentioned in various sub-sections of section 2 of The Employees’Provident Fund & Misc. Provisions Act, 1952 and Para 2 of the Employees’ Provident Funds Scheme, 1952, would be applicable mutatis mutandis to this scheme as well.
Eligibility for Scheme benefits:
|For Establishments:||For Employees:|
|The establishment or factory should already be covered and registered under the Employees’ Provident Funds & Misc. Provisions Act, 1952.||Employee should be employed in any eligible establishment earning monthly wages of less than Rs.15000/-. The UAN of the employee should be seeded with his/her Aadhaar.|
The total number of employees employed in the establishment should be up to 100 (one hundred), with 90% or more of such employees should be drawing monthly wages less than Rs.15000/-.
|Employee should be a member of EPF Scheme, 1952 & Employees’ Pension Scheme, 1995 whose contributions are received for any period during last six months (September 2019 to February 2020) in the ECR filed by any eligible establishment against his/her UAN.
Such contributions in ECR should have been received on monthly wage of less than Rs. 15000/-
|It is clarified that if any employee is already a registered beneficiary and his/her employer is availing benefits of payment of employer’s share by Central Govt. under PMRPY/PMPRPY 2016, no such benefit in r/o such employee shall be available under this Scheme of PMGKY.|
Modalities for implementation of the Scheme
√ EPFO shall put in place a robust mechanism to monitor the implementation of the Scheme on a daily basis.
√ EPFO shall provide weekly reports to the Ministry of Labour & Employment(Directorate General of Employment), Govt. of India for effective monitoring of the Scheme.
Third Party evaluation
√ EPFO shall undertake Third Party Evaluation of the Scheme within a period of three months from the closure of the Scheme and send a report to the Ministry of labour&Employment, Govt. of India.
√ The expenditure incurred towards evaluation of the Scheme shall be borne by the EPFO out of its own resources.