Cabinet approves Rs.22,810 crore Atmanirbhar Bharat Rojgar Yojana
Caste census in Bihar: will it aid developmental work or fuel social divide?
Caste is a deeply rooted factor in Bihar politics. The survey for the much-talked-about caste census began in the state on January 7 and it is likely to be completed by May 31, 2023. How will it affect the state? Will it aid in developmental work as claimed by Chief Minister Nitish Kumar, or fuel further social divide in the state?
‘Kala Azar’ now confined in only 4 districts of Bihar and Jharkhand; people’s awareness key to eliminate it: Modi
Till recently, the scourge of ‘Kala Azar’ was spread in more than 50 districts across 4 states. But now this disease is confined to only 4 districts of Bihar and Jharkhand. Awareness of the people of Bihar-Jharkhand will help the government’s efforts to eliminate ‘Kala Azar’ from these four districts as well, Prime Minister Narendra Modi has said.
When will India become a developed nation? It will take at least 20 years, says Ex-RBI Governor
There have been several targets and projections for India to become a developed nation. But, when exactly, can India become a developed nation? According to the former Reserve Bank of India (RBI) Governor C Rangarajan, it will take at least two decades of sustained 8 to 9 per cent of annual GDP growth to take India into a developed nation league.
Mudra Yojana: Rs 20.43 lakh crore loan disbursed since inception in 2015
More than 37.76 crore collateral-free loans amounting to over Rs 20.43 lakh crore have been disbursed to small businesses and entrepreneurs across the country under the Pradhan Mantri Mudra Yojana (PMMY) scheme since its inception in April 2015, the government data shows.
Giriraj Singh calls for need-based skill mapping for employment and training in rural India
Union Minister of Rural Development and Panchayati Raj Giriraj Singh has called for need-based skill mapping for employment and training to India’s youth, mainly in the rural areas. The Minister urged to explore means to see how best the traditional trades can be integrated with electronic, education and training, IT & BPO and tourism and hospitality sectors to create more employment opportunities for the youth in the country.
The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved Atmanirbhar Bharat Rojgar Yojana (ABRY) to boost employment in formal sector and incentivize creation of new employment opportunities during the Covid recovery phase under Atmanirbhar Bharat Package 3.0.
Under this scheme the government will incur an expenditure of Rs. 1,584 crore in the current financial year and Rs.22,810 crore for the entire Scheme period i.e. 2020-2023.
The scheme seeks to incentivise jobs in formal sector by way of providing support in wages. The Government of India will provide subsidy for two years in respect of new employees engaged on or after 1st October, 2020 and upto 30th June, 2021.
The Government will pay both 12 per cent employees’ contribution and 12 per cent employers’ contribution i.e. 24 per cent of wages towards EPF in respect of new employees in establishments employing upto 1000 employees for two years. In the establishments employing more than 1000 employee the Government of India will pay only employees’ share of EPF contribution i.e. 12 per cent of wages in respect of new employees for the next two years.
An employee drawing monthly wage of less than Rs.15000 who was not working in any establishment registered with the Employees’ Provident Fund Organisation (EPFO) before 1st October, 2020 and did not have a Universal Account Number or EPF Member account number prior to 1st October 2020 will be eligible for the benefit.
Any EPF member possessing Universal Account Number (UAN) drawing monthly wage of less than Rs. 15000/- who made exit from employment during Covid pandemic from 01.03.2020 to 30.09.2020 and did not join employment in any EPF covered establishment up to 30.09.2020 will also be eligible to avail benefit.
EPFO will credit the contribution in Aadhaar seeded account of members in electronic manner. EPFO shall develop a software for the scheme and also develop a procedure which is transparent and accountable at their end, an official statement released after the cabinet meeting said.
EPFO shall work out modality to ensure that there is no overlapping of benefits provided under ABRY with any other scheme implemented by EPFO, it added.