New Delhi: The Union Cabinet on Wednesday approved extension of last date of registration under the Aatmanirbhar Bharat Rojgar Yojana (ABRY) from June 30, 2021 to March 31, 2022.
'The Union Cabinet, chaired by the Prime Minister Narendra Modi has given its approval for extending the terminal date for registration of beneficiaries for availing the benefit under Aatmanirbhar Bharat Rojgar Yojana (ABRY) for another nine months i.e. from 30th June, 2021 to 31st March, 2022,' an official statement said.
Consequent upon this extension, it is expected that 71.8 lakh employment will be generated in the formal sector as against the earlier projection of 58.5 lakh, the statement said.
As on June 18, 2021, benefits amounting to Rs 902 crore have been given to 21.42 lakh beneficiaries through 79,577 establishments under ABRY.
Estimated expenditure of the scheme including the expenditure for the proposed extended period of registration upto March 31, 2020 will be Rs 22,098 crore.
This scheme is being implemented through Employees Provident Fund Organisation (EPFO) to reduce financial burden of the employers of various sectors/industries and to encourage them to hire more workers, the statement said. (UNI)