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With reference to the Aatmanirbhar Bharat Rojgar Yojana, consider the following statements:
1. It has total estimated outlay of Rs 22,810 crore for the scheme period i.e., up to wage month 31st May, 2023.
2. The scheme proposes to pay entire employees’ and employers’ contribution i.e. 24 per cent of wages towards EPF in respect of new employees in establishments employing up to 1000 employees during the period from October, 2020 to June, 2021
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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With reference to the Aatmanirbhar Bharat Rojgar Yojana, consider the ...
Wages for a period of 24 months for new employees hired by eligible employers.
Both statements are correct.
The Aatmanirbhar Bharat Rojgar Yojana is a scheme introduced by the Indian government to incentivize job creation and promote employment generation. Under this scheme, eligible employers who hire new employees will receive benefits in the form of payment of both the employer's and employee's share of the EPF (Employee Provident Fund) contributions for a period of 24 months. This is aimed at reducing the financial burden on employers and encouraging them to hire more workers.
The total estimated outlay for the scheme is Rs 22,810 crore, which will cover the wage period up to 31st May, 2023. This means that employers will receive benefits for new employees hired during this period.
Both statements are correct.
The Aatmanirbhar Bharat Rojgar Yojana is a scheme introduced by the Indian government to incentivize job creation and promote employment generation. Under this scheme, eligible employers who hire new employees will receive benefits in the form of payment of both the employer's and employee's share of the EPF (Employee Provident Fund) contributions for a period of 24 months. This is aimed at reducing the financial burden on employers and encouraging them to hire more workers.
The total estimated outlay for the scheme is Rs 22,810 crore, which will cover the wage period up to 31st May, 2023. This means that employers will receive benefits for new employees hired during this period.
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With reference to the Aatmanirbhar Bharat Rojgar Yojana, consider the following statements:1. It has total estimated outlay of Rs 22,810 crore for the scheme period i.e., up to wage month 31st May, 2023.2. The scheme proposes to pay entire employees’ and employers’ contribution i.e. 24 per cent of wages towards EPF in respect of new employees in establishments employing up to 1000 employees during the period from October, 2020 to June, 2021Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the Aatmanirbhar Bharat Rojgar Yojana, consider the following statements:1. It has total estimated outlay of Rs 22,810 crore for the scheme period i.e., up to wage month 31st May, 2023.2. The scheme proposes to pay entire employees’ and employers’ contribution i.e. 24 per cent of wages towards EPF in respect of new employees in establishments employing up to 1000 employees during the period from October, 2020 to June, 2021Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Aatmanirbhar Bharat Rojgar Yojana, consider the following statements:1. It has total estimated outlay of Rs 22,810 crore for the scheme period i.e., up to wage month 31st May, 2023.2. The scheme proposes to pay entire employees’ and employers’ contribution i.e. 24 per cent of wages towards EPF in respect of new employees in establishments employing up to 1000 employees during the period from October, 2020 to June, 2021Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Aatmanirbhar Bharat Rojgar Yojana, consider the following statements:1. It has total estimated outlay of Rs 22,810 crore for the scheme period i.e., up to wage month 31st May, 2023.2. The scheme proposes to pay entire employees’ and employers’ contribution i.e. 24 per cent of wages towards EPF in respect of new employees in establishments employing up to 1000 employees during the period from October, 2020 to June, 2021Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
With reference to the Aatmanirbhar Bharat Rojgar Yojana, consider the following statements:1. It has total estimated outlay of Rs 22,810 crore for the scheme period i.e., up to wage month 31st May, 2023.2. The scheme proposes to pay entire employees’ and employers’ contribution i.e. 24 per cent of wages towards EPF in respect of new employees in establishments employing up to 1000 employees during the period from October, 2020 to June, 2021Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Aatmanirbhar Bharat Rojgar Yojana, consider the following statements:1. It has total estimated outlay of Rs 22,810 crore for the scheme period i.e., up to wage month 31st May, 2023.2. The scheme proposes to pay entire employees’ and employers’ contribution i.e. 24 per cent of wages towards EPF in respect of new employees in establishments employing up to 1000 employees during the period from October, 2020 to June, 2021Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Aatmanirbhar Bharat Rojgar Yojana, consider the following statements:1. It has total estimated outlay of Rs 22,810 crore for the scheme period i.e., up to wage month 31st May, 2023.2. The scheme proposes to pay entire employees’ and employers’ contribution i.e. 24 per cent of wages towards EPF in respect of new employees in establishments employing up to 1000 employees during the period from October, 2020 to June, 2021Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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