The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today has given its approval for extending the contribution both 12% employees' share and 12% employers' share under Employees Provident Fund, totaling 24% for another 3 months from June to August, 2020, as part of the package announced by the Government under Pradhan Mantri Garib Kalyan Yojana (PMGKY)/ Aatmanirbhar Bharat in the light of COVID-19, a Pandemic. 

 

This approval is in addition to the existing scheme for the wage months of March to May, 2020 approved on 15.04.2020.  The total estimated expenditure is of Rs.4,860 crore.  Over 72 lakh employees in 3.67 lakh establishments will be benefitted.

 

Salient Features:

          The salient features of the proposal are as under:

  1. For the wage months of June, July and August, 2020, the scheme will cover all the establishments having upto 100 employees and 90% of such employees earning less than Rs. 15,000 monthly wage.
  2. About 72.22 lakh workers working in 3.67 lakh establishments will be benefited and would likely to continue on their payrolls despite disruptions.
  3. Government will provide Budgetary Support of Rs.4800 crore for the year 2020-21 for this purpose.
  4. The beneficiaries entitled for 12% employers' contribution for the months of June to August, 2020 under Pradhan Mantri Rozgar Protsahan Yojana (PMRPY) will be excluded to prevent overlapping benefit.
  5. Due to prolonged lockdown, it was felt that businesses continue to face financial crisis as they get back to work. Therefore, the Hon'ble FM, as part of Aatmanirbhar Bharat, announced on 13.5.2020 that the EPF support for business and workers will be extended by another 3 months viz. for the wage months of June, July, and August, 2020.

 

The steps taken by the Government from time to time to ameliorate the hardships faced by the low paid workers are well accepted by the stakeholders.

Explore More
78 व्या स्वातंत्र्य दिनी, पंतप्रधान नरेंद्र मोदी यांनी लाल किल्याच्या तटावरून केलेले संबोधन

लोकप्रिय भाषण

78 व्या स्वातंत्र्य दिनी, पंतप्रधान नरेंद्र मोदी यांनी लाल किल्याच्या तटावरून केलेले संबोधन
Annual malaria cases at 2 mn in 2023, down 97% since 1947: Health ministry

Media Coverage

Annual malaria cases at 2 mn in 2023, down 97% since 1947: Health ministry
NM on the go

Nm on the go

Always be the first to hear from the PM. Get the App Now!
...
PM to distribute over 50 lakh property cards to property owners under SVAMITVA Scheme
December 26, 2024
Drone survey already completed in 92% of targeted villages
Around 2.2 crore property cards prepared

Prime Minister Shri Narendra Modi will distribute over 50 lakh property cards under SVAMITVA Scheme to property owners in over 46,000 villages in 200 districts across 10 States and 2 Union territories on 27th December at around 12:30 PM through video conferencing.

SVAMITVA scheme was launched by Prime Minister with a vision to enhance the economic progress of rural India by providing ‘Record of Rights’ to households possessing houses in inhabited areas in villages through the latest surveying drone technology.

The scheme also helps facilitate monetization of properties and enabling institutional credit through bank loans; reducing property-related disputes; facilitating better assessment of properties and property tax in rural areas and enabling comprehensive village-level planning.

Drone survey has been completed in over 3.1 lakh villages, which covers 92% of the targeted villages. So far, around 2.2 crore property cards have been prepared for nearly 1.5 lakh villages.

The scheme has reached full saturation in Tripura, Goa, Uttarakhand and Haryana. Drone survey has been completed in the states of Madhya Pradesh, Uttar Pradesh, and Chhattisgarh and also in several Union Territories.