Short Article

19-09-2023 | 12:10 PM

Aatmanirbhar Bharat RozgarYojana (ABRY)

Aatmanirbhar Bharat RozgarYojana(ABRY) has exceeded its initial employment generation goals showcasing its success in fostering job creation and recovery during the COVID-19 pandemic.

Key Highlights:

• It was launched on 1st October, 2020.
• To incentivize employers for creation of new employment and restoration of loss of employment during Covid-19 pandemic.
• Under the scheme, the government of India for a period of two years, is crediting both the employee’ share (12% of wages) and employer’s share (12% of wages) of contribution for establishments with up to 1000 employees.
• For establishments with over 1000 employees, only the employee’s EPF contributions (12% of wages) were covered in respect of new employees.