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

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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Raj Sharma
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32 views1 page

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

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.

Uploaded by

Raj Sharma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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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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