Around 16.5 lakh people have benefited from the Aatmanirbhar Bharat Rozgar Yojana (ABRY) which was launched in October to encourage hiring in the country amid the coronavirus ( COVID-19 ) pandemic, Union Minister Santosh Gangwar said on Wednesday.
“As on 9th March, 2021, 16.49 lakh employees were registered for availing the benefits (under ABRY),” Labour Minister Santosh Gangwar said in a written reply to the Rajya Sabha on Wednesday.
The scheme has been introduced to incentivise creation of new employment along with social security benefits and restoration of loss of employment during the pandemic.
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This scheme being implemented through the Employees Provident Fund Organisation (EPFO), reduces the financial burden of the employers of various sectors/ industries and encourages them to hire more workers.
Under the ABRY, the 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.
In another reply on job creation in the House, the Minister stated, “Under the ABRY, approximately 16.5 lakh beneficiaries have registered themselves with the Scheme from October 1, 2020. Out of this, approximately 13.64 lakh are new joinees with UAN (Universal Account Number) generated on or after October 1, 2020 and approximately 2.86 lakh are re-joinees who were rendered un-employed during the pandemic from March 1, 2020 to September 30, 2020 & rejoined from October 1, 2020 onwards.” Under Pradhan Mantri Garib Kalyan Yojana (PMGKY), the Government of India has contributed both 12% employer’s share and 12% employee’s share under Employees Provident Fund (EPF), totalling 24% of the wage for the wage month from March to August, 2020, for the establishments having up to 100 employees with 90% of such employees earning less than ₹15,000.
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Under the PMGKY scheme, ₹2,567.66 crore was credited in EPF accounts of 38.82 lakh eligible employees, the Minister told the House.
In another reply to the House, about women job creation, Minister told the House,” During April– December, 2020, there is an addition of around 9.27 lakh female subscribers under Employees’ Provident Fund (EPF) Scheme, 1.13 lakh female subscribers under the New Pension Scheme (NPS) and around 2.03 lakh female subscribers under Employees’ State Insurance Scheme.” In another reply the Minister said, “The pending (provident fund) claims are 15,351 which is 0.053% of the total of 2.91 crore claims settled during that period (April 2020 to February 2021).” According to the reply the (PF) claim settlement is a dynamic process with continuous receipt and settlement of the claims. The time period for settlement of claims, complete in all respects, is 20 days.