The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today has given its approval for extending the contribution both 12% employees' share and 12% employers' share under Employees Provident Fund, totaling 24% for another 3 months from June to August, 2020, as part of the package announced by the Government under Pradhan Mantri Garib Kalyan Yojana (PMGKY)/ Aatmanirbhar Bharat in the light of COVID-19, a Pandemic. 

 

This approval is in addition to the existing scheme for the wage months of March to May, 2020 approved on 15.04.2020.  The total estimated expenditure is of Rs.4,860 crore.  Over 72 lakh employees in 3.67 lakh establishments will be benefitted.

 

Salient Features:

          The salient features of the proposal are as under:

  1. For the wage months of June, July and August, 2020, the scheme will cover all the establishments having upto 100 employees and 90% of such employees earning less than Rs. 15,000 monthly wage.
  2. About 72.22 lakh workers working in 3.67 lakh establishments will be benefited and would likely to continue on their payrolls despite disruptions.
  3. Government will provide Budgetary Support of Rs.4800 crore for the year 2020-21 for this purpose.
  4. The beneficiaries entitled for 12% employers' contribution for the months of June to August, 2020 under Pradhan Mantri Rozgar Protsahan Yojana (PMRPY) will be excluded to prevent overlapping benefit.
  5. Due to prolonged lockdown, it was felt that businesses continue to face financial crisis as they get back to work. Therefore, the Hon'ble FM, as part of Aatmanirbhar Bharat, announced on 13.5.2020 that the EPF support for business and workers will be extended by another 3 months viz. for the wage months of June, July, and August, 2020.

 

The steps taken by the Government from time to time to ameliorate the hardships faced by the low paid workers are well accepted by the stakeholders.

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List of Outcomes: State Visit of H. E. Dr. Mohamed Muizzu, President of the Republic of Maldives to India (October 06 – October 10, 2024)
October 07, 2024

I No.

Announcements

1.

Adoption of India-Maldives: A Vision for Comprehensive Economic and Maritime Security Partnership.

2.

Refit of Maldivian Coast Guard Ship Huravee by the Government of India on gratis basis.

 

Launch / Inauguration / Handing-over

1.

Launch of RuPay Card in Maldives.

2.

Inauguration of the new runway of Hanimaadhoo International Airport (HIA).

3.

Handing over of 700 social housing units built under EXIM Bank’s Buyers’ Credit Facilities.

 

Signing / Renewal of MoUs

Representative from Maldivian Side

Representative from Indian side

1.

Currency Swap Agreement

Mr. Ahmed Munawar, Governor of Maldives Monetary Authority

Shri Ajay Seth, Secretary, Department of Economic Affairs, Ministry of Finance

2.

MoU between Rashtriya Raksha University of the Republic of India and National College of Policing and Law Enforcement of the Republic of Maldives

Mr. Ibrahim Shaheeb, High Commissioner of Maldives to India

Dr. Rajendra Kumar, Secretary, Border Management, Ministry of Home Affairs

3.

MoU between Central Bureau of Investigation and Anti-Corruption Commission of Maldives for bilateral cooperation on preventing and combating corruption

Mr. Ibrahim Shaheeb, High Commissioner of Maldives to India

Dr. Rajendra Kumar, Secretary, Border Management, Ministry of Home Affairs

4.

Renewal of MoU between National Judicial Academy of India (NJAI) and the Judicial Service Commission (JSC) of Maldives on Training and Capacity Building Programs for Maldivian judicial officers

Mr. Ibrahim Shaheeb, High Commissioner of Maldives to India

Shri Munu Mahawar, High Commissioner of India to Maldives

5.

Renewal of MoU between India and Maldives on Cooperation in Sports and Youth Affairs

Mr. Ibrahim Shaheeb, High Commissioner of Maldives to India

Shri Munu Mahawar, High Commissioner of India to Maldives