On which date was Aatmanirbhar Bharat Rojgar Yojana launched?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 1st October 2020.
- The Aatmanirbhar Bharat Rojgar Yojana was launched in 1st October 2020.
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The Aatmanirbhar Bharat Rozgar Yojana (ABRY) was launched by the Government of India to encourage employers to create new jobs and to provide social security benefits.
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The scheme was introduced in the backdrop of the COVID-19 pandemic, which caused widespread job losses.
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It provides financial incentives to employers for hiring new employees and for rehiring those who lost jobs during the pandemic.
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Under this scheme, the government pays both the employee’s and employer’s contributions to the Employees’ Provident Fund (EPF) for a specified period, depending on the establishment size.
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The main objectives are to restore employment, support workers in the formal sector, and strengthen social security coverage.
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The scheme was implemented for the period 2020 to 2023.
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The Government approved a total outlay of ₹22,810 crore for the entire duration of the scheme.