Under the Atmanirbhar Bharat Rojgar Yojana, the government for two years will provide employee and employer contribution to the retirement fund for new hires by businesses and entities, Labour Minister Santosh Gangwar said.(File photo)
Under the Atmanirbhar Bharat Rojgar Yojana, the government for two years will provide employee and employer contribution to the retirement fund for new hires by businesses and entities, Labour Minister Santosh Gangwar said.(File photo)

Cabinet approves Rs 22,810 crore outlay for Atmanirbhar Bharat Rozgar Yojana

New Delhi | By Press Trust of India
UPDATED ON DEC 09, 2020 04:35 PM IST

The Union Cabinet on Wednesday approved Rs 22,810 crore outlay for a new employment scheme that aims at encouraging businesses to do fresh hiring.

Under the Atmanirbhar Bharat Rojgar Yojana, the government for two years will provide employee and employer contribution to the retirement fund for new hires by businesses and entities, Labour Minister Santosh Gangwar said.

The scheme would till 2023 entail an outgo of Rs 22,810 crore and would benefit around 58.5 lakh employees.

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