Good news / Modi government's big gift to those earning less than Rs 15000, now increased salary will be taken into account.
The Modi government has given big gifts to low income people. Under the ‘Atmanirbhar Bharat Rozgar Yojana’, the government said it will contribute to the retirement fund for two years for new employees hired by companies and other entities from 1 October 2020 to 30 June 2021. The fund will come from the government, the employee and the employer.
This means that the government will now bear the burden of 12 per cent of the employees and 12 per cent of the employer's provident fund (EPF) on new appointments on low salaries between the stipulated period. The government has approved a self-reliant India employment scheme in a cabinet meeting. The central government will spend Rs 22,810 crore on the scheme. At the same time, more than 58 lakh employees will benefit from the scheme.
Who will get this benefit?
The government's decision will benefit employees earning Rs 15,000 or less per month. It will cover only employees who have not been employed in an organization affiliated with the Employees Provident Fund Organization (EPFO) before October 1, 2020 and do not have a Universal Account Number (UAN).
In addition, those who have a UAN account and a monthly salary of less than Rs.15000.00 But between March 1, 2020 and September 30, 2020, Kovid-19 lost his job in the epidemic and has not worked in any organization related to EPFO since then.
The government has also said it will bear the cost of both the companies, which employ up to 1,000 people. While the companies, which employ more than 1,000 people, will carry the burden of 12 per cent contribution of each employee for two years.
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Millions lost their jobs during the lockdown.
Activities in all sectors came to a standstill due to the lockdown imposed during Covid-19. It caused a lot of people to lose their jobs. Unemployment in the country broke all records. Opposition groups called for the beleagured PM to resign. The cabinet also approved a PM - public Wi-Fi access network interface to promote the digital revolution in the country. Under this, a public data office will be opened in the country. It does not require a license, registration or fees.
