The government gave the help of ₹ 4,920 crore through the Self-reliant India Employment Scheme, so many lakh people got the benefit
Newz Fast, New Delhi: This scheme was started to help the people who lost their jobs due to the Kovid-19 pandemic to get jobs again. It was started by Finance Minister Nirmala Sitharaman in 2020. In this scheme, the government has taken the help of EPFO.
Under the self-reliant India scheme of the central government, financial assistance of Rs 4,920 crore has been released till 30 April 2022. With the help of 1,47,335 companies, it has been divided among 58.76 lakh beneficiaries.
This scheme was started to help the people who lost their jobs due to the Kovid-19 epidemic to get jobs again. It was started by Finance Minister Nirmala Sitharaman in 2020. In this scheme, the government has taken the help of EPFO.
What is self-reliant India scheme
After the announcement of this scheme, the new people who were hired in a company with less than 1000 people capacity and their employer PF part has been paid by the government.
Meaning, if 12 percent of the salary of a new employee and the same amount (total 24 percent) was going to his PF account by his employer, then under this scheme, the government will deposit this total amount in the provident fund of that employee.
At the same time, in companies where the capacity of employees is more than 1,000, the government will put only 12 percent of the employee in the PF account.
Who got the benefit
The beneficiaries of this scheme are those employees who got a new job from 1 October 2020 to 30 June 2021. At the same time, people whose jobs have been lost from 1 March 2020 to 30 September 2020 can also be the beneficiaries of this scheme.
However, their salary should be less than Rs 15,000. At the same time, for companies to take advantage of this scheme, a company with less than 50 employees will have to hire at least 2 new people and a company with more than 50 employee capacity will have to hire a minimum of 5 people.
Only those companies could be included in this scheme, whose registration with EPFO was done till October 2021.
Deadline was extended
Earlier, the last date of registration to become a beneficiary of this scheme was 30 June 2021, which was extended to 31 March 2022 in January this year.
The objective of this scheme was to encourage establishments to recruit more and more employees. This scheme was started for 2 years. There is currently no information about its further extension.