Atmanirbhar Bharat Rozgar Yojana Scheme
ABRY Full Form Atmanirbhar Bharat Rozgar Yojana
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| Title of PDF File | Atmanirbhar Bharat Rozgar Yojana Scheme PDF |
| Language of PDF File | English |
| Size of PDF File | 1.2 MB |
| No of Pages in PDF File | 15 |
The Aatmanirbhar Bharat Abhiyan stimulus package is an initiative announced by the Finance Minister. The stimulus package is expected to:
- Provide investment support to multiple sectors of the economy
- Boost employment growth within the country.
- Foster self-sufficiency within all sectors of the economy.
The first stimulus package was announced in May 2020, the second in October 2020 and the third on November 12, 2020.
The third stimulus package announced by the Finance Minister on November 12, 2020 has been designed to increase employment opportunities, support multiple sectors through Production-Linked Incentives (PLIs) as well as extension of the Emergency Credit Line Guarantee Scheme (ECLGS) to non-MSMEs as well.
The new Scheme is being launched to incentivise the creation of new employment opportunities during the COVID recovery phase. With an overall allocation of Rs 360 bn, 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
- With the operational time limit of June 30, 2021, the Scheme covers the following types of 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.