You are here: Home » Economy & Policy » News
With little room left for govt capex, economy looks at private investments
Business Standard

Cabinet approves Rs 22,810 cr EPF subsidy scheme for job creation

The proposal, Atmanirbhar Bharat Rojgar Yojana, announced earlier by SM Sitharman, aims to generate 5-6 million jobs by June next year

Topics
Cabinet | subsidy | job creation

Indivjal Dhasmana  |  New Delhi 



unemployment, US job growth, job growth, US jobs
EPFO will credit the contribution in Aadhaar seeded account of members in electronic manner. Photo: Reuters

The on Wednesday approved a proposal to provide employees' provident fund (EPF) contribution to those hiring additional workforce for two years. This would cost the government Rs 1,584 crore in the current financial year and Rs 22,810 crore during the entire period, from 2020 to 2023.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Wed, December 09 2020. 18:08 IST

RECOMMENDED FOR YOU

.