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HomeUncategorizedGovernment will fill PF money on new job for 2 years, these...

Government will fill PF money on new job for 2 years, these are the conditions

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The beginning of the important scheme In the
Corona period, people have become unemployed on a large scale. The central government has started an important scheme for such people. Its name is Self-reliant India Employment Scheme. Let’s know about it in detail.
The government will give PF for two years
, under the Self-Reliant India Employment Scheme, those people who were not registered till now will be linked to the Provident Fund (EPFO). Under this scheme, the government will provide full 24 per cent share in the Provident Fund (PF) fund to employees associated with EPFO ​​for two years.

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What is the rule of the present,
let us tell you here that ordinary people have to make a contribution of 12 per cent in the PF fund itself. At the same time, the rest of the 12 percent support is given by the company in which you are working. This means to say that those who will join the EPFO ​​in the government’s new scheme will not have to worry about their PF for two years. Government will put this money in your PF account. acaa.



Which people will join the plan?
The benefit of this scheme will be available to those whose jobs have gone between the Corona period (1 March to 30 September) and will have got employment on or after 1 October. For example, suppose that Pradeep was working in a company but during the lockdown in May, the company laid him off. Now Pradeep has got a new job from October 5, so he will now be able to take advantage of the government’s self-sufficient Bharat Rojgar Yojana.

Pradeep’s total 24 per cent PF will be contributed by the government in the new job applicable till 30 June 2021 , for a total of two years. However, to take advantage of the scheme, it is necessary that Pradeep’s monthly salary is 15 thousand rupees or less. This scheme will remain in force till 30 June 2021. This means that if someone joins a new job by June 30, then it will come under the scheme with conditions.
Conditions for the company,
it is mandatory for Aadhaar to be linked to the UAN number. There are some conditions in this plan for the company as well. The government will make a total of 24 percent PF contribution in the company which has 1 thousand employees. In a company with more than one thousand employees, the government will contribute only 12 percent of its employees.
These employees are also under the purview of the scheme

According to Nirmala Sitharaman, the scheme will also include less than 15,000 paid workers who were fired during the Kovid-19 epidemic and are reunited on or after October 1, 2020. Establishments registered with EPFO ​​will come under the purview of the scheme. The new employees will be assessed from September 2020. In order to take advantage of this scheme, establishments with maximum 50 employees will have to make at least two new recruits, whereas those establishments having more than 50 employees will have to make at least five new appointments.

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