Atmanirbhar Bharat Rojgar Yojana 2024 – Overview

The Atma Nirbhar Yojana is a scheme launched by the Indian government to promote self-reliance and economic growth. Learn about the scheme at Vakilsearch.

Atmanirbhar Bharat Rojgar Yojana 2024

The scheme aims to generate job opportunities for beneficiaries, and it has been initiated as the Pradhan Mantri Atmanirbhar Bharat Rojgar Yojana for employees in the organised sector. To take advantage of this scheme, we at Vakilsearch provide information that covers the purpose, benefits, eligibility, guidelines, required documents, and other important information related to the Atmanirbhar Bharat Rojgar Yojana. It is very important to have an understanding about the scheme before taking further steps.  Self-reliant India Employment Scheme 2024: Online Application | application form

Employment Generation Target 2024

The Atmanirbhar Bharat Rojgar Yojana, launched in December 2020, has surpassed the formal employment generation target set by the government. The scheme has created 7.51 million jobs, 25% more than the initial target of 5.85 million. The scheme applies to new formal jobs created by the government in enterprises with up to 1,000 employees between October 2020 and March 2022, with employees receiving a 24% share of their salary. The scheme only applies to employees earning less than ₹15,000. The government plans to spend ₹22,810 crores under this scheme until 2024. As of May 31, 2022, 0.31 million establishments have registered 7.51 million new employees, with the government spending ₹5,409.61 crores.

Approximately 7.1 million employees have benefitted from this scheme. The government allocated a budget of ₹1,000 crores for the implementation of the scheme in the year 2020-21, of which ₹405 crores was spent. In the budget for the year 2021-22, ₹3,130 crores were allocated for the scheme. The government plans to spend a total of ₹6,400 under this scheme by 2022-23.

Atmanirbhar Bharat Rojgar Yojana In Highlights

Goals of Atmanirbhar Bharat Rojgar Yojana

The Atmanirbhar Bharat Rojgar Yojana’s primary goal is to offer new work chances to those who have lost their occupations as a result of the Corona pandemic. With the implementation of this plan, the economy will undoubtedly undergo a fresh transition, and we will once more progress in the direction of a developed economy. This plan will undoubtedly contribute positively to job creation.

Atmanirbhar Bharat Rojgar Yojana Beneficiary

If an individual loses their job between March 1 and September 30 and finds another job after October 1 and they are registered under the Employees Provident Fund Fund, then benefits will be provided by the Central Government to those new employees who were not previously registered in Provident Fund and now if they are registered under EPFO in any organisation and their salary or salary is less than ₹15000 per month all advantages will be given.

Eligible People To Register Under Atmanirbhar Bharat Rojgar Yojana

1. Employees whose annual salary is less than ₹15,000, who did not work for an EPFO-registered business and who did not have a UAN or EPF member account number.
2. Employees with Universal Account Numbers who made less than ₹15,000 annually. 
3. Employees whose employment was terminated between 1 March 2020 and 30 September 2020 as a result of coronavirus infection, and who were not appointed in a registered EPF establishment prior to 30 September 2020.

Atmanirbhar Bharat Rojgar Scheme Statistics

Evaluation of Atmanirbhar Bharat Rojgar Scheme

1. Self-reliant India Employment Scheme, also known as Atmanirbhar Bharat Rojgar Yojana, is a government scheme launched in India in 2020 to encourage employment generation and help the country recover from the economic downturn caused by the COVID-19 pandemic. The scheme primarily targets formal sector workers who lost their jobs due to the pandemic.
2. Under the scheme, the government will provide financial incentives to employers for hiring new employees or rehiring employees who were laid off during the pandemic. The incentive amount is set to 24% of the monthly wages for a period of two years for employees earning less than ₹15,000 per month. The scheme also covers employers’ contributions to the EPF (Employee Provident Fund) for these employees.
3. The scheme was launched with an outlay of ₹22,810 crores and was initially expected to create around 50 lakh jobs.
4. However, the success of the scheme is difficult to evaluate due to a lack of comprehensive data on its implementation and impact. The government has not released any official data on the number of jobs created under the scheme so far. The scheme was launched in November 2020, and it is still in its early stages of implementation.
5. There are also concerns that the scheme may not address the root causes of unemployment and could lead to the displacement of existing employees in some cases. The incentive amount may not be sufficient to cover the cost of hiring new employees, especially for small and medium-sized enterprises.
6. In summary, while the Self-reliant India Employment Scheme has the potential to create new employment opportunities and support the country’s economic recovery, its effectiveness is yet to be determined. The government should monitor the scheme’s implementation closely and collect data to evaluate its impact accurately.

Benefits of Atmanirbhar Bharat Rojgar Yojana

The Self-reliant India Employment Scheme, also known as the Atmanirbhar Bharat Rojgar Yojana, has several potential advantages:

1. Job Creation: The primary objective of the scheme is to encourage job creation, especially for those who lost their jobs during the COVID-19 pandemic. The financial incentives provided to employers for hiring new employees or rehiring laid-off employees could create new employment opportunities and reduce unemployment.
2. Formalization of the Informal Sector: The scheme could encourage employers to formalize their operations and hire employees regularly, which could provide job security to workers.
3. Economic Growth: The creation of new jobs could increase consumer spending and boost economic growth, which could benefit the overall economy.
4. Enhanced Social Security: The scheme also covers employers’ contributions to the EPF (Employee Provident Fund) for new employees, which could enhance their social security and financial stability.
5. Support for Small and Medium-Sized Enterprises (SMEs): The scheme could provide financial relief to SMEs, which were particularly hard hit by the pandemic and could not afford to retain their employees.

Overall, the scheme has the potential to create employment opportunities, support economic growth, and enhance social security for workers. However, its effectiveness depends on how well it is implemented and monitored, and whether it addresses the root causes of unemployment.

How to Register to Atmanirbhar Bharat Rojgar Yojana

1. Check if Your Organisation is Eligible: The scheme is open to all establishments that have a Universal Account Number (UAN) with the Employees’ Provident Fund Organisation (EPFO). The establishment should also have a minimum of two employees with a monthly wage of less than ₹15,000.
2. Register on the Employer e-Sewa Portal: The employer needs to register on the Employer e-Sewa portal with their UAN and generate a Unique Identification Number (UIN) for the scheme.
3. Verify Details of Eligible Employees: The employer must verify the details of eligible employees (those earning less than ₹15,000 per month) and upload the details on the Employer e-Sewa portal.
4. Submit the Claim: Once the details of eligible employees have been verified, the employer can submit the claim for reimbursement of the EPF contributions made on behalf of the eligible employees.
5. Receive Reimbursement: After the claim is submitted, the EPFO will verify the details and reimburse the EPF contributions made by the employer. The reimbursement will be credited to the employer’s bank account

Documents For Registering to Self-Reliant India Employment Scheme 2024

1. Universal Account Number (UAN): The UAN is a unique identification number assigned to an employee by the Employees’ Provident Fund Organization (EPFO). It is necessary for the employer to have a UAN to register for the scheme.
2. Employee Details: The employer needs to provide the details of eligible employees (those earning less than ₹15,000 per month) to register for the scheme. This includes their name, age, Aadhaar number, bank account details, and other relevant information.
3. Bank Account Details: The employer’s bank account details are required to receive the reimbursement of EPF contributions made on behalf of eligible employees.
4. Business Registration Documents: The employer may need to provide the registration documents of their business, such as the PAN card, GST registration, or other relevant documents, as per the EPFO’s guidelines.

Online Application of Atmanirbhar Bharat Rojgar Yojana 2024

To apply for the Atmanirbhar Bharat Rojgar Yojana, the employer needs to follow the below steps:

1. Visit the Employer e-Sewa portal of the Employees’ Provident Fund Organization (EPFO) at https://unifiedportal-emp.epfindia.gov.in/epfo/.
2. Log in with your Universal Account Number (UAN) and password.
3. Once logged in, click on the Atmanirbhar Bharat Abhiyan tab and select Apply for ABRY.
4. Fill in the details of eligible employees, including their name, age, Aadhaar number, bank account details, and other relevant information.
5. Submit the application after verifying all the details.
6. Once the application is submitted, the EPFO will verify the details and reimburse the EPF contributions made by the employer.

Contact Details

If you encounter any issue, you may reach out to the helpline number 1800118005 for assistance. For any legal support or to gain a better understanding of the scheme, you can get in touch with Vakilsearch team of business consulting experts, who can offer their expertise and guidance.

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