Atmanirbhar Bharat Rojgar Yojana

The Rs.22,810 crore Atmanirbhar Bharat Rojgar Yojana is an employment scheme aimed at incentivising businesses to do fresh hiring amid the pandemic-led economic crisis. Under this scheme, the Centre will provide employees and employer contribution to the EPF for new hiring by businesses and entities for two years. The scheme is expected to benefit 58.5 lakh employees. The Cabinet had recently approved this scheme at an expenditure of Rs.1,584 crore for the current fiscal year.

Current Affairs