Getting right Business ideas in a standard business environment is very crucial. For that, one must have sound business knowledge and acumen. But, first the right mindset is necessary.
Often independent-minded people do not prefer doing job under any authority. Another set are the willing risk takers who dare explore the riskier part of life. Those who relinquish everything despite having a bright educational or rich family background fall in this category of risk takers. There are some who want to give something for others, give people shelter, means of livelihood. They prefer entrepreneurship just to employ and save multiple families. There are some who are growth oriented people. They prefer increasing their income exponentially with time. All these comprise a great volume of people who become movers and shakers.
Today's topic is about these people. I feel some 97% people prefer not to tread on the unknown zone. Hence they are happy with whatever meager they have got. Their salary is enough and they spend all their energy and time in curtailing expenses and saving the little for their old age.
3% is always different. It's they who bear the burden of those 97% by way of contributing to the society. Govt doles out from the Taxes contributed by these people. Today we'll focus on the interest of this crucial 3% whose, not number, but QUALITY overweighes upon the commoners.
Atma Nirbhar Bharat Rojgar Yojana has been launched by the Indian Govt to cater to this need. There's been lots of boosting, deductions in Taxes given by the Govt to indirectly confront the menace of a shrinking job market. Govt also wrests hope the 3% business enterpreneurs to train the common men to assimilate to the present job market, acquire new age training to become industry ready.
Pradhan Mantri Rojgar Protsahan Yojana(PMRPY)
Upto 24.01.2022 | ||
Pradhan Mantri Rojgar Protsahan Yojana(PMRPY) A scheme to incentivize employers for new employment | ||
Scheme | (PMRPY) | (PMPRPY) – For Textile Sector |
Financial Benefits | Rs.92,47,38,35,535/- | Rs.23,96,73,353/- |
Establishment | 01,52,900 | 802 |
Covering beneficiaries | 01,21,69,960 | 02,69,044 |
Aatmanirbhar Bharat Rojgar Yojana (ABRY)
Upto 29.01.2022 | ||
Aatmanirbhar Bharat Rojgar Yojana (ABRY) A scheme to incentivize employers for creation new employmentt | ||
Scheme | (ABRY) | |
Amount Reimbursed; | Rs.3435.38 Crore | |
Establishment benefited | 01,26,756 | |
No. of beneficiaries/ New employees | 46,89,913 | |
Aatmanirbhar Bharat Rojgar Yojana (ABRY)
ABRY was announced as a part of Aatmanirbhar Bharat 3.0 package to boost the economy, increase the employment generation in post Covid recovery phase and to incentivize creation of new employment along with social security benefits and restoration of loss of employment during COVID-19 pandemic.
1. This scheme being implemented through the Employees Provident Fund Organization (EPFO), reduces the financial burden of the employers of various sectors/industries and encourages them to hire more workers.
2. Under ABRY, Government of India is crediting for a period of two years both the employees’ share (12% of wages) and employers share’ (12% of wages) of contribution payable or only the employees’ share, depending on employment strength of the EPFO registered establishments. Under ABRY benefits are provided to every establishment registered with EPFO and their new employees (earning wage less that Rs. 15,000/- per month) if the establishments take new employees on or after 1.10.2020 and upto 30th June, 2021 or those who lost jobs between 01.03.2020 to 30.09.2020.;
3. The scope of the scheme i.e. last date for registration of new employees under the scheme has been extended from 30th June 2021 to 31st march 2022 with the approval of CCEA in its meeting held on 30.06.2021. Approximately 71.8 Lakh employees are likely to get benefited during the scheme period. The beneficiaries registered upto 31st March, 2022 will continue to receive the benefits for 2 years from the date of registration under the scheme.
Pl visit: https://labour.gov.in/pradhan-mantri-rojgar-protsahan-yojanapmrpy to learn more. This information is resourced from here for the interested ones.
[By profession this author is a 38 years' experienced private tutor. Visit www.dbhattacharjee.com to know more.
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