3.29 million jobs created in 10 months under Atmanirbhar Bharat

3.29 million jobs created in 10 months under Atmanirbhar Bharat

A flagship scheme launched during the pandemic to generate employment is far from reaching the modest target set by the government.
Data shared by the Employees’ Provident Fund Organization with its board members, as seen by ET, showed that a year after the scheme was launched, the total jobs created under the Atmanirbhar Bharat Rozgar Yojana (ABRY) till September 2021 stood at 3.29 million .

The government had set a target of creating 5.85 million formal jobs by March 31, 2022, when the scheme will kick off.

This means 2.56 million formal jobs need to be filled over the next six months. Of the total jobs created, 2.88 million are new employees while 0.41 million are re-employed beneficiaries. Even the funds disbursed under the scheme till September 2021 was Rs 1,845 crore, which was only 8% of the Rs 22,810 crore to be spent till March 31, 2024.
ABRY is the flagship scheme of the government launched in November 2020. It was initially announced from October 1, 2020 to June 30, 2021. However, it was extended till March 31, 2022, after a second wave and low offtake under the scheme.

Under the scheme, the government reimburses 24% – 12% for employees and employers – for two years for all new formal jobs created in enterprises with 1,000 employees between October 1, 2020 and March 31, 2022. This scheme is applicable to employees earning less than Rs 15,000 per month.

Even those employees who had lost their jobs during the pandemic period between March 1, 2020 and September 30 and subsequently got employed under EPFO ​​registered establishments after October 1, 2020, would be eligible for the salary limit. are eligible for benefits under the scheme.

However, with enterprises with more than 1,000 workers, reimbursement is limited to 12% of the employees’ contribution.

Data from the Center for Monitoring Indian Economy showed that India had 406.2 million employees as of September 2021, which is 2.7 million less than the total workforce in 2019-20.

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