The Ministry of Labour and Employment is considering extending the timeline of the Atmanirbhar Bharat Rojgar Yojana (ABRY) till March next year from the existing 30 June 2021, in a bid to boost fresh hiring in the country amid the pandemic. Under the ABRY approved by the Union Cabinet in December last year, the government pays mandatory employees provident fund contributions of workers as well as employers for new recruits for a period of two years.

What

  1. The Ministry of Labour and Employment is in the process of circulating a Cabinet proposal for extending the timeline for ABRY till March 2022.
  2. Under the scheme, the central government pays both 12 per cent employees' contribution and 12 per cent employers' contribution i.e. 24 percent of wages towards social security schemes run by the retirement fund body Employees' Provident Fund Organisation (EPFO).
  3. An employee drawing a monthly wage of less than Rs 15,000 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 is eligible for the benefit.
  4. Any EPF member possessing Universal Account Number (UAN) drawing monthly wage of less than Rs 15,000 who made exit from employment during the Covid pandemic from 1 March 2020 to 30 September 2020 and did not join employment in any EPF covered establishment up to 30 September 2020, is also be eligible to avail benefit.
  5. The ABRY was aimed at boosting employment in the formal sector and to incentivise creation of new employment opportunities during the Covid recovery phase under Atmanirbhar Bharat Package 3.0.