Mera Saansad
Search Search
Marathi language

Cabinet approves the proposal to extend the EPF contribution 24% (12% employees share and 12% employers share) for another three months from June to August 2020 under PMGKY/AATMANIRBHAR BHARAT

Published By : Admin | July 8, 2020 | 18:48 IST

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.

Login or Register to add your comment
Explore More
अयोध्येत श्री राम जन्मभूमी मंदिर ध्वजारोहण उत्सवात पंतप्रधानांनी केलेले भाषण

लोकप्रिय भाषण

अयोध्येत श्री राम जन्मभूमी मंदिर ध्वजारोहण उत्सवात पंतप्रधानांनी केलेले भाषण
View All
PM Modi Praises Farmers For Taking India's Rich Mango Heritage To Global Markets

Media Coverage

PM Modi Praises Farmers For Taking India's Rich Mango Heritage To Global Markets
View All
NM on the go

Nm on the go

Always be the first to hear from the PM. Get the App Now!
Download App
...
Prime Minister hold talks with Myanmar President U Min Aung Hlaing
June 01, 2026

The Prime Minister, Shri Narendra Modi, today held productive talks with the President of Myanmar, U Min Aung Hlaing.

The Prime Minister noted that India is honoured that President U Min Aung Hlaing chose India for his first foreign visit as President. He also expressed happiness that the President began his programme in India from Bodh Gaya with the blessings of Lord Buddha.

During the talks, the two leaders reviewed the full range of India-Myanmar relations and discussed ways to further strengthen bilateral cooperation.

The discussions covered avenues to deepen cooperation in trade, rare earths, healthcare, connectivity, heritage restoration and capacity building. The two sides also agreed to work closely in areas such as maritime security, cyber security and other sectors of mutual interest.

The Prime Minister underlined that Myanmar is vital to India’s ‘Neighbourhood First’, ‘Act East’ and Indo-Pacific policies, reaffirming the importance India attaches to its relations with Myanmar.

The Prime Minister wrote on X;

“Had a productive meeting with President U Min Aung Hlaing of Myanmar. We in India are honoured that he has chosen India for his first foreign visit as President. Equally gladdening is the fact that he began the visit from Bodh Gaya, with the blessings of Lord Buddha. We reviewed the full range of India-Myanmar relations. Myanmar is vital to India’s policies of ‘Neighbourhood First’, ‘Act East’ and Indo-Pacific.”

“Our talks covered ways to deepen cooperation in trade, rare earths, healthcare, connectivity, heritage restoration and capacity building. We also agreed to work closely in areas such as maritime security, cyber security and more.”