Aatmanirbhar Bharat Rojgar Yojana (ABRY) has been launched in 2020 to incentivize employers for creation of new employment along with social security benefits and restoration of employment.
This scheme being implemented through EPFO seeks to reduce the financial burden of the employers and encourages them to hire more workers.
Under ABRY, Government of India is providing for a period of two years, both the employees’ share (12% of wages) and employers share’ (12% of wages) of contribution or only employees’ share of contribution depending on employment strength of the EPFO registered establishments, for new employees whose monthly wage is less than Rs. 15,000/- per month.
Pradhan Mantri Garib Kalyan Yojana (PMGKY)
Under Pradhan Mantri Garib Kalyan Yojana (PMGKY), Government of India has contributed both 12% employer’s share and 12% employee’s share under Employees Provident Fund (EPF), totaling 24% of the wage for the wage month from March to August, 2020 for the establishments having upto 100 employees with 90% of such employees earning less than Rs. 15000/-.
This has helped in providing employment in EPFO registered establishments during post Covid period.
Statutory PF contribution of both employer and employee was reduced to 10% each from existing 12% each for all establishments covered by EPFO for three months i.e. May to July 2020.
PM- SVANidhi Scheme
PM SVANidhi was launched by the Ministry of Housing and Urban Affairs, on June 01, 2020.
Its objective is to provide affordable Working Capital loan to street vendors to resume their livelihoods that have been adversely affected due to Covid-19 lockdown.
Under the Scheme, the vendors can avail a working capital loan of up to Rs. 10,000, which is repayable in monthly instalments in the tenure of one year.
Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)
It was started in 10th five-year plan in 2005. It works under Ministry of Ministry of Rural Development.
Funding: Centrally Sponsored with the pattern 90:10.
Providing provides a legal guarantee of at least 100 days of unskilled manual work in rural areas.
Atleast 1/3rd beneficiaries shall be women.
Projects will be recommended by Gram Sabha (does Social audit too) and approved by the Zilla panchayat.
Atleast 50% works will be allotted to Gram Panchayats for execution. Permissible works predominantly include water and soil conservation, afforestation and land development works.
60:40 wage and material ratio has to be maintained. No contractors and machinery is allowed.
Center bears 100% wage cost of unskilled manual labour and 75% of material cost including wages.
Grievance redressal mechanisms at State and District level.
Rights based approach. Strengthening Panchayati Raj Institutions is an objective.
Integration with other schemes like PMGSY, Housing for All etc. DBT for the wages.
National Urban Livelihood Mission (NULM), 2013
Ministry of Housing and Urban Affairs.(MoHUA) has been implementing a Centrally Sponsored Scheme Swarna Jayanti Shahari Rozgar Yojana (SJSRY) since 1997 which has been restructured as DAY – National Urban Livelihoods Mission since 2013.
To reduce poverty, gain self-employment and skilled wage employment, build strong grassroots level institutions.
The mission would aim at providing shelter equipped with essential services to the urban homeless.
It would also address issues of urban street vendors by access to suitable spaces, institutional credit, social security etc.
To established strong right based linkages with other programmes and for PDS, ICDS, sanitation, financial inclusion etc.
Prime Minister’s Employment Generation Program (PMEGP)
It is a credit linked subsidy programme by merging 2 schemes namely PM Rozgar Yojana (PMRY) and Rural Employment Generation Program (REGP) for generation of employment opportunities through establishing of micro enterprises in both rural and urban areas.
It is a Central Sector Scheme administered by MoMSME.
Implementation
At National level: by Khadi and Village Industries Commission (KVIC).
At State Level: by State KVIC Directorates, State Khadi and Village Ind ustries Boards (KVIBs) and District Industries Centres (DICs) and banks.
Objectives
Generate continuous and sustainable employment opportunities in Rural and Urban areas especially to artisans through setting up micro enterprises.
To facilitate participation of financial institutions for higher credit flow to micro sector.
PM Mudra Yojana, 2015
Launched in 2015 for providing loans upto 10 lakhs to non corporate, non farm small/ micro enterprises.
To “fund the unfunded” by bringing such enterprises to the formal financial system and extending affordable credit to them.
Under PMMY, all banks viz. Public Sector Banks, Private sector Banks, RRBs, State Cooperative Banks, Urban Cooperative Banks, Foreign Banks and NBFCs/MFIs.
Loans offered are Shishu (upto 50000); Kishor (50000 to 5 lakhs) and Tarun (5 lakhs to 10 lakhs). There is no subsidy for this loan.
Sectors like Land Transport, Community, Social and Personal service activities; Food products; Textile products are included.
Pradhan Mantri Rojgar Protsahan Yojana (PMRPY)
PMRPY Scheme aims to incentivise employers registered with EPFO for job creation by the Govt paying the full 12% employers’ contribution to EPF & EPS
It is implemented by Ministry of Labour & Employment and is operational since 2016.
Eligibility
Establishments should have a Labour Identification Network (LIN) allotted to them under Shram Suvidha Portal.
PMRPY is for new employees earning wage < 15000 per month.
Duration: The scheme was in operation for 3 years i.e. till 2019-20.
