In which year was Aatmanirbhar Bharat Rojgar Yojana launched by the government of India?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 2020.
- The Aatmanirbhar Bharat Rojgar Yojana (ABRY) was launched on 1st October 2020.
- It was introduced by the Ministry of Labour and Employment, Government of India.
- The scheme primarily targeted workers in the MSME sector (Micro, Small, and Medium Enterprises).
- It is implemented through the Employees’ Provident Fund Organisation (EPFO).
- The scheme aims to reduce the financial burden on employers and encourage them to hire more workers.
- The Government pays the subsidy for two years from the date of registration of the employee.
- The total outlay approved for implementation (2020–2023) is ₹22,810 crore.