Note4Students
From UPSC perspective, the following things are important :
Prelims level: Atmanirbhar Bharat Rozgar Yojana
Mains level: Not Much
Central Idea
- The Aatmanirbhar Bharat Rozgar Yojana (ABRY) by the Central Government has outperformed its initial employment targets, proving its effectiveness in fostering job creation during the COVID-19 crisis.
About Aatmanirbhar Bharat Rozgar Yojana (ABRY)
| Launch | Introduced in November 2020 |
| Purpose | As part of Atmanirbhar Bharat Package 3.0 to boost post-Covid-19 employment |
| Government’s Contribution | Subsidy for provident fund contributions in EPFO-registered organizations |
| Coverage | Up to 1000 employees: Both employee (12%) and employer (12%) contributions for two years
Over 1000 employees: Employee (12%) contribution for two years |
| Subsidy Disbursement | Subsidy credited upfront to Aadhaar-linked EPFO accounts (UAN) of new employees |
| Eligibility Criteria | Establishments adding new employees compared to September 2020 reference base |
| Target Beneficiaries | Employees with monthly wages under Rs. 15,000 joining EPFO-registered establishments
Individuals reemployed on or after October 1, 2020, who left jobs between March 1 and September 30, 2020 |
Achievements and Numbers
- The scheme, open for registrations until March 31, 2022, targeted around 7.18 million employees across India.
- By July 31, 2023, ABRY had already exceeded its target, enrolling over 7.58 million new employees.
- Benefiting 1,52,380 establishments with 60,44,155 new employees, the scheme disbursed benefits totaling Rs. 9,669.87 Crore.
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