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    Boost For Employment-Atmanirbhar Bharat Rozgar Yojana: Finance Minister Nirmala Sitharaman

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    Raj Sharma
    On November 12, 2020, Finance Minister Nirmala Sitharaman and Minister of State for Finance Anurag Thakur launched Atmanirbhar Bharat 3.0 to boost India's Covid-hit economy. The launch included 12 announcements focusing on job creation and tax relief for housing. One key announcement was the Atmanirbhar Bharat Rozgar Yojana, a new scheme to incentivize the creation of new jobs during India's Covid-19 economic recovery. The scheme provides subsidies to establishments that add new employees compared to September 2020 employee levels or register with EPFO after the scheme begins, and will operate until June 30, 2021.

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    Boost For Employment-Atmanirbhar Bharat Rozgar Yojana: Finance Minister Nirmala Sitharaman

    Uploaded by

    Raj Sharma
    13 views1 page
    On November 12, 2020, Finance Minister Nirmala Sitharaman and Minister of State for Finance Anurag Thakur launched Atmanirbhar Bharat 3.0 to boost India's Covid-hit economy. The launch included 12 announcements focusing on job creation and tax relief for housing. One key announcement was the Atmanirbhar Bharat Rozgar Yojana, a new scheme to incentivize the creation of new jobs during India's Covid-19 economic recovery. The scheme provides subsidies to establishments that add new employees compared to September 2020 employee levels or register with EPFO after the scheme begins, and will operate until June 30, 2021.

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    On November 12, 2020, Finance Minister Nirmala Sitharaman and Minister of State for Finance Anurag Thakur launched Atmanirbhar Bharat 3.0 to boost India's Covid-hit economy. The launch included 12 announcements focusing on job creation and tax relief for housing. One key announcement was the Atmanirbhar Bharat Rozgar Yojana, a new scheme to incentivize the creation of new jobs during India's Covid-19 economic recovery. The scheme provides subsidies to establishments that add new employees compared to September 2020 employee levels or register with EPFO after the scheme begins, and will operate until June 30, 2021.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    13 views1 page

    Boost For Employment-Atmanirbhar Bharat Rozgar Yojana: Finance Minister Nirmala Sitharaman

    Uploaded by

    Raj Sharma
    On November 12, 2020, Finance Minister Nirmala Sitharaman and Minister of State for Finance Anurag Thakur launched Atmanirbhar Bharat 3.0 to boost India's Covid-hit economy. The launch included 12 announcements focusing on job creation and tax relief for housing. One key announcement was the Atmanirbhar Bharat Rozgar Yojana, a new scheme to incentivize the creation of new jobs during India's Covid-19 economic recovery. The scheme provides subsidies to establishments that add new employees compared to September 2020 employee levels or register with EPFO after the scheme begins, and will operate until June 30, 2021.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    On 12 November 2020, Finance Minister Nirmala Sitharaman along with

    Minister of State for Finance and Corporate Affairs, Anurag Thakur


    launched Atmanirbhar Bharat 3.0 to boost Covid-hit economy. A total of
    12 announcements were made by Finance Minister Nirmala
    Sitharaman in a press conference focussing on jobs creation and tax
    relief in housing.
    Here are the highlights of the Atmanirbhar Bharat 3.0: 
    1. Boost for Employment- Atmanirbhar Bharat Rozgar
    Yojana
    Finance Minister Nirmala Sitharaman launched a new scheme
    'Atmanirbhar Bharat Rozgar Yojana' to incentivise the creation of new
    employment opportunities during the COVID-19 recovery phase. 

    Eligibility criteria:
    1- The establishments which are registered with EPFO, if add new
    employees compared to reference base of employees as in September
    2020 as under (a) minimum of two new employees if reference base is up
    to 50 employees or less; (b) minimum of five new employees if reference
    base is more than 50 employees. 

    2- The establishments which will be registering with EPFO after the


    commencement of the Scheme will get subsidy for all new employees.
    The scheme will be operational till June 30, 2021. 

    Who will be regarded as the new employees?

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