• CCI AD FROM 5th April 2021

Scheme Guidelines approved by Ministry of Labour, Govt. of India to implement the Aatmanirbhar Bharat Rozgar Yojana (ABRY) to incentivize creation of new employment opportunities in EPFO registered establishments

Circular No. ES/444/2020-21   12th March, 2021                                                                                                   

To: Members of the Council       

Sub: Scheme Guidelines approved by Ministry of Labour, Govt. of India to implement the Aatmanirbhar Bharat Rozgar Yojana (ABRY) to incentivize creation of new employment opportunities in EPFO registered establishments

Dear Member,

The Council has received a communication from the Employees’ Provident Fund Organisation (EPFO) informing about the Scheme Guidelines approved by the Ministry of Labour, Government of India to implement the Aatmanirbhar Bharat Rozgar Yojana (ABRY) to incentivize creation of new employment opportunities in EPFO registered establishments.

Scheme Objectives:

  • The Aatmanirbhar Bharat Rojgar Yojana (ABRY) was announced by the Government of India on 12th November, 2020, as part of the Aatmanirbhar Bharat 3.O package to incentivize employers, registered with EPFO, for giving employment to new employees and re-employing persons from low wage bracket who lost their jobs during COVID- 19 pandemic.

  • The Central Government will pay both the employees’ and employer’s share of contribution payable under the EPF & MP Act, 1952 or only the employees’ share, depending on the employment strength of the establishment, directly to the Universal Account Number of eligible employee maintained by the EPFO.

To implement the aforesaid package, the Ministry of Labour has approved a Scheme with guidelines which has been issued vide Office Memorandum No. CAIU/011(16)2020-21/ABRY/1178 dated 31st December, 2020 (enclosed). However, it has been observed by the Ministry of Labour that very few establishments have obtained the benefits of the said Scheme.

Validity of Scheme:

  • The Scheme stands commenced from 1st October, 2020 and shall remain open for registration of eligible employers and new employees upto 30th June, 2021.

  • The benefit shall be available for a period of twenty-four months from date of registration of new employee, not later than 30/06/2023 in any case.

Members may kindly make a note of the above and do the needful accordingly. 

Thanking you,  

Yours faithfully,

S. BALARAJU 
EXECUTIVE DIRECTOR