Nayak Technology's video: EPFO : 2022 Good News For Employees Employers

Finance Minister Nirmala Sitharaman on Monday extended the Atmanirbhar Bharat Rozgar Yojana till March 30, 2022. The scheme was expiring on June 30, 2021. Launched on 01 October, 2020, the scheme incentives for the creation of new employment, restoration of loss of employment through EPFO. The government approved an outlay of Rs 22,810 crore for 58.50 lakh estimated beneficiaries. Extension of Atmanirbhar Bharat Rozgar Yojana • Launched on 1st Oct, 2020. Incentivizes employers for creation of new employment, restoration of loss of employment through EPFO. • Approved outlay Rs. 22,810 crore for 58.50 lakh estimated beneficiaries. Last date for registration is 30.06.2021. • Subsidy provided for two years from registration for new employees drawing monthly wages less than Rs. 15000 for: Both Employer's and Employee's share of contribution (total 24% of wages) for establishment strength upto 1000 employees. Only Employee's share (12% of wages) in case of establishment strength of more than 1000. • Benefit of Rs. 902 Cr given to 21.42 lakh beneficiaries of 79,577 establishments till 18.06.2021 • Scheme extended from 30.6.2021 to 31.03.2022