GoI approves extension of ABRY deadline till March 2022

Cabinet approves extension of ABRY deadline till March 2022

Consequent upon this extension, it is expected that 71.8 lakh jobs will be generated in the formal sector

The Union Cabinet, chaired by Modi, gave the approval for extension. Credit: AFP Photo

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday gave approval for extending the last date for registration of beneficiaries for availing the benefit under Aatmanirbhar Bharat Rojgar Yojana (ABRY) for another nine months to March 31, 2022.

Consequent upon this extension, it is expected that 71.8 lakh jobs will be generated in the formal sector as against the earlier projection of 58.5 lakh, an official statement said.

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The scheme's estimated expenditure, including the expenditure for the proposed extended period of registration up to March 31, 2020, will be Rs 22,098 crore.

This scheme is being implemented through the Employees' Provident Fund Organization (EPFO) to reduce the financial burden of the employers of various sectors and to encourage them to hire more workers.

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