AATMANIRBHAR BHARAT ROZGAR YOJNA

The scheme proposes to incentivize employers, registered with EPFO, for giving employment to new employees and re-employing persons from low wage bracket who lost their jobs during COVID-19 pandemic.

The central government will pay both the employees and employer’s share of contribution payable or only employers share, depending on the employment strength of the establishment, directly to the Universal Account Number of eligible employees maintained by EPFO.

AMOUNT OF BENEFIT:

The central govt. will provide subsidy for twenty four wage months in respect of eligible new employees as mentioned below:

1. For establishment employing employees upto 1000 in wage month September 2020, statutory rate of employer and employee share applicable to establishment subject to maximum 24%. In case of more than 1000 employee subsidy of employer’s share to establishment is still continues.

2. For establishment employing employees more than 1000 in wage month of September 2020, statutory rate of employee’s share applicable to establishment subject to maximum 12%.

 CHECK YOUR ELIGIBILITY:

• The scheme will stand commenced from 1^st October, 2020 and shall open for registration of eligible employers and new employees up to 30^th June, 2021.
• The number of employees for whom the employer has remitted contributions through ECR for the wage month of September, 2020 before commencement of the scheme shall be taken as reference base number for determining the eligibility of an establishment.
• Establishment already registered before the commencement of this scheme have to employ, over and above reference base, minimum 2 new employee (If reference base is less than or equal to 50) and minimum 5 new employees ( If reference base is more than 50).
• New employee with Aadhaar seeded Universal Account Number has to be registered for this scheme during the operative period of scheme.
• Any eligible new employee under this scheme shall become ineligible if his/her wage rate exceeds 14999/- at any point of time.

For any queries, pls. connect to rajnikant@rmpsco.com

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