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HomeNewsIndiaAtmanirbhar Bharat Rozgar Yojna to be extended till March 31: FM Sitharaman

Atmanirbhar Bharat Rozgar Yojna to be extended till March 31: FM Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman announced on Monday that the Atmanirbhar Bharat Rozgar Yojna will be extended until March 31, 2022, in an effort to increase new hiring in the country amid the pandemic.

“Since October 2020, the scheme has benefited approximately 21.42 lakh beneficiaries from 79,577 establishments,” the Finance Minister stated.

The initiative was launched last year with the goal of creating new job opportunities.

Earlier reports suggested that the Ministry of Labour and Employment was considering extending the Atmanirbhar Bharat Rojgar Yojana (ABRY) deadline from June 30 to March 30 of the following year.

Under the ABRY, which was approved by the Union Cabinet in December last year, the government pays the mandatory employees provident fund contributions of both workers and employers for new recruits for a two-year period.

Workers hired between October 1, 2020 and June 30, 2021 were covered under the scheme, which cost Rs. 22,810 crore. According to PTI, “the Ministry of Labour and Employment is in the process of circulating a Cabinet proposal to extend the timeline for ABRY until March 2022.”

According to the source, approximately 21 lakh new recruits have benefited thus far, which is far less than the government’s expectation of 58.5 lakh.

Under the ABRY, which was approved by the Union Cabinet in December last year, the government pays the mandatory employees provident fund contributions of both workers and employers for new recruits for a two-year period.

Workers hired between October 1, 2020 and June 30, 2021 were covered under the scheme, which cost Rs. 22,810 crore. According to PTI, “the Ministry of Labour and Employment is in the process of circulating a Cabinet proposal to extend the timeline for ABRY until March 2022.”

According to the source, approximately 21 lakh new recruits have benefited thus far, which is far less than the government’s expectation of 58.5 lakh.

(With inputs from news agencies)

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