What is ABRY Scheme?
ABRY Scheme ( Aatmanirbar Bharat Rozgar Yojana Scheme) is announced to incentivize the employers who registered with EPFO. Employer’s can avail this benefit by recruiting freshers or the employee’s who lost their job during the period (01/03/2020 – 30/09/2020).
Government will pay both Employee & Employer EPF contribution if the employer meets ABRY Scheme conditions.
What are the Scheme Conditions:
Fresh Employment – Employee who joined on or after 01/10/2020 and wages is less than Rs.15,000/- is eligible for ABRY Scheme.
Experienced Employment – Employee who resigned from previous employment during the period 01/03/2020 – 30/09/2020 and joined with present employer on or after 01/10/2020 is eligible for ABRY Scheme.
* Wages means on which contribution is payable in terms of section 6 of EPF & MP Act 1952.
Scheme Validity:
- The scheme is valid for the joiners during the period 01/10/2020 – 30/06/2021.
- Again EPFO has extended the ABRY scheme registration date from 30-June-2021 to 31-March-2022.
- Employees & Employers will get this benefit for next 2 years from the joining date.
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