The Employees’ Provident Fund Organization Regional Office Shimla organized an awareness program on the new employment linked incentive schemes being launched by the Central Government. The program was presided over by Rakesh Kumar, Regional Provident Fund Commissioner Shimla.
He spoke about the efforts being made by the government to promote employment generation in the formal sector and to incentivize employers. EPFO is the implementing agency for these schemes. Elaborating on the Employment Linked Incentive Schemes, the Regional Commissioner said that under the first scheme, first time job seekers registered with EPFO will be given one month’s salary of up to Rs 15,000 in 3 installments by the government, which will be deposited directly into their account.
Only those people will be eligible for this whose monthly salary is less than Rs 1 lakh. The second scheme is related to employment generation in the manufacturing sector, under which first-time employees and their employers will be given incentives on a specified scale in respect of their EPF contribution in the first 4 years.
The third scheme is about generating additional employment in all sectors under which the government will reimburse the employers the EPF contribution of Rs. 3,000 per month for additionally employed employees for two years. The Regional Commissioner requested all the participants to take maximum advantage of these schemes and share their suggestions, feedback and ideas for their successful implementation.
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