“Out of this, roughly 13.64 lakhs are new joinees with UAN generated on or after October 1, 2020 and roughly 2.86 lakhs are re-joinees who had been rendered un-employed throughout covid pandemic from March 1, 2020 to September 30, 2020 and rejoined from October 1, 2020 onwards.
The scheme was introduced final yr amid the pandemic to incentivize creation of recent employment together with social safety advantages and restoration of lack of employment throughout COVID-19 pandemic.
In a separate response, minister Gangwar stated there can be no loss induced to the beneficiaries of the Employees’ Provident Fund Organisation on account of delay within the credit score of curiosity. “The interest is credited to the members’ account on the monthly running balance basis w.e.f. the last day in each year,” he stated in Lok Sabha.
“Accordingly, the interest for the year 2019-20 gets credited to the members’ account as on March 31, 2020. Therefore, no loss will be caused to the PF members due to delay in the credit of interest.” he added.
The central board of trustees of EPFO, headed by the labour minister, has permitted 8.5% as rate of interest for 2019-20 in March 2020. The EPFO, nonetheless, began crediting the identical within the beneficiary accounts from January 1, 2021 after it was notified. Over 10% of the six crore EPFO subscribers are but to get the curiosity for 2019-20.
In one other response, the minister additional knowledgeable the Lok Sabha that the ministry of labour and employment is within the strategy of creating a complete National Database of the Unorganised Workers (NDUW) to gather related info of unorganised staff together with migrant staff and inter-alia assist in supply of varied social safety and welfare schemes being carried out for them.
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