Registration Facility Under Atmanirbhar Bharat Rojgar Yojana Gets Extended To March 31, 2022

To enroll for the Atmanirbhar Bharat Rojgar Yojana (ABRY) now there is more time as the registration facility for the same has been extended until March 31, 2022. Previously, the last date to register under the scheme was June 30, 2021.

Registration Facility Under Atmanirbhar Bharat Rojgar Yojana Gets Extended To March 31, 2022

On November 24, EPFO via its official twitter handle notified about the extension of the date of registration facility under #ABRY till 31.03.2022. The tweet said, "Registration facility under #ABRY has been extended till 31.03.2022."

What is Atmanirbhar Bharat Rojgar Yojana?

As part of Aatmanirbhar Bharat 3.0 package, ABRY was kicked off to revive the battered economy due to the Covid after-effects, increase employment generation in post-Covid phase as well as incentivize generation of new employment opportunities together with social security benefits and restoration of job loss during the pandemic.

As per the official site labour.gov.in ABRY i.e. a scheme to incentivize employers for new employment creation, up to November 18, 2021, the amount i.e. reimbursed till the specified date is Rs. 2561.1 crore and a total of 1,15,550 establishments have benefitted under the scheme, while the number of beneficiaries or new employees are at a huge 39,35,116.

Key points on ABRY

1. This scheme being implemented through the Employees Provident Fund Organization (EPFO), reduces the financial burden of the employers of various sectors/industries and encourages them to hire more workers.

2. Under ABRY, Government of India is crediting for a period of two years both the employees' share (12% of wages) and employers share' (12% of wages) of contribution payable or only the employees' share, depending on employment strength of the EPFO registered establishments. Under ABRY benefits are provided to every establishment registered with EPFO and their new employees (earning wage less that Rs. 15,000/- per month) if the establishments take new employees on or after 1.10.2020 and upto 30th June, 2021 or those who lost jobs between 01.03.2020 to 30.09.2020.;

3. The scope of the scheme i.e. last date for registration of new employees under the scheme has been extended from 30th June 2021 to 31st march 2022 with the approval of CCEA in its meeting held on 30.06.2021. Approximately 71.8 Lakh employees are likely to get benefited during the scheme period. The beneficiaries registered upto 31st March, 2022 will continue to receive the benefits for 2 years from the date of registration under the scheme.

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