Finance Minister Nirmala Sitharaman (Finance Minister Nirmala Sitharaman) announced on Saturday, 21 August that the government would provide employer and employee provident fund till 2022 for those (PF) will pay the share, who have done their job (JOB) corona period (Coronavirus) I was lost. Along with this, he also made it clear that after losing the job, only those called again for small scale jobs in the formal sector will be able to take advantage of this scheme. EPFO in this scheme (EPFO) People working in the registered company will also be included.
Central govt will pay the PF share of the employer as well as the employee till 2022 for people who lost their job but again called back to work in small scale jobs in the formal sector whose units are registered in EPFO: Finance Minister Nirmala Sitharaman pic.twitter.com/9fDXzLdBSC
— ANI (@ANI) August 21, 2021
The Finance Minister also announced that if in any district, more than 25,000 migrant workers work in the informal sector and they return to their native places, they will get the benefit of 16 government schemes for employment. In 2020, the government increased the budget for the Mahatma Gandhi National Rural Employees Guarantee Act (MGNREGA) from ₹60,000 crore to nearly ₹1 lakh crore amid the COVID-19 pandemic.
Retirement body EPFO’s provisional payroll data released on Friday, August 20, highlighted a rising trend with 12.83 lakh net payroll additions during June 2021. He said that with the slowing down of the corona epidemic in June 2021, the situation has improved. According to EPFO, there has been a huge increase in payroll data as compared to April and May this year.