Atmanirbhar Bharat Rozgar Yojana

● The government has surpassed the formal employment creation target set under the
Atmanirbhar Bharat Rozgar Yojana (ABRY), which incentivises employers for creating
jobs.

About Atmanirbhar Bharat Rozgar Yojana

● It was announced as a part of Aatmanirbhar Bharat 3.0 package to boost the economy,
increase the employment generation in post Covid recovery phase and to incentivize
creation of new employment along with social security benefits and restoration of loss of
employment during COVID-19 pandemic.
● It is being implemented through the Employees Provident Fund Organisation (EPFO).
● Features
○ Under ABRY, Government of India is crediting for a period of two years both the
employees’ share (12% of wages) and employers share’ (12% of wages) of
contribution payable or only the employees’ share, depending on employment
strength of the EPFO registered establishments.
○ Under ABRY benefits are provided to every establishment registered with EPFO
and their new employees (earning wage less than Rs. 15,000/- per month) if the
establishments take new employees on or after 1.10.2020 and upto 30th June,
2021 or those who lost jobs between 01.03.2020 to 30.09.2020.
○ The beneficiaries registered upto 31st March, 2022 will continue to receive the
benefits for 2 years from the date of registration under the scheme.

Objectives

● It aims to boost employment generation and minimise the socio-economic impact of the
Covid-19 pandemic.

Achievements

● It has helped formalise informal employment and create new employment opportunities
during and post Covid-19 pandemic.
● It reduces the financial burden of the employers of various sectors/industries and
encourages them to hire more workers.
"Atmanirbhar Bharat Rozgar Yojana" is being launched to boost employment in formal sector and
incentivize creation of new employment opportunities during the Covid recovery phase under
Atmanirbhar Bharat Package 3.0..
The scheme is to be operational for the period 2020-2023.

Beneficiaries
Beneficiaries (new employees) under Scheme

● An employee drawing monthly wage of less than Rs. 15000/- who o was not working in any
EPFO registered establishment and did not have a Universal
Account Number (UAN) prior to 01st October, 2020 who joins employment in any
establishment on or after 01.10.2020 up to 31.03.2022 and who is allotted Aadhaar validated
UAN
● Any EPF member, already allotted with UAN, who made exit from employment during the
period from 01.03.2020 to 30.09.2020 (Covid Pandemic) from any establishment and who
joins in any establishment on or after 01.10.2020 and up to 31.03.2022.
● The incentive is payable by the Central Government by upfront credit in the UANs of the new
employees.

FIVE YEAR PLANS LINKS

https://byjus.com/free-ias-prep/ias-preparation-economy-planning-in-india/

https://www.toppr.com/guides/business-economics-cs/overview-of-indian-economy/five-year-plans-of
-india/