Atma Nirbhar Bharat Rozgar Yojana is a scheme to incentivise jobs creation in the country. Under the scheme, govt will give subsidy to establishments for new hirings. The subsidy would be to cover for provident fund contributions by employees as well as employers for two years. The scheme is launched to boost employment in formal sector. The scheme is to be operational for the period 2020-2023.
- An employee drawing monthly wage of less than Rs. 15000/- who was not working in any establishment registered with the Employees’ Provident Fund Organisation (EPFO) before 1st October, 2020 and did not have a Universal Account Number or EPF Member account number prior to 1st October 2020
- Any EPF member possessing Universal Account Number (UAN) drawing monthly wage of less than Rs. 15000/- who made exit from employment during Covid pandemic from 01.03.2020 to 30.09.2020 and did not join employment in any EPF covered establishment up to 30.09.2020.
- Establishments registered with EPFO if they add new employees compared to reference base of employees as in September, 2020.
Government of India will provide subsidy for two years in respect of new employees engaged on or after 1st October, 2020 and upto 30th June, 2021. The subsidy support to get credited upfront in Aadhaar seeded EPFO Account (UAN) of eligible new employee.