EXPLAINED: How government’s new job scheme will benefit employees, organisations
Finance Minister Nirmala Sitharaman on Thursday announced a new job creation scheme by giving subsidy to those establishments that make new hires. The subsidy would be to cover for retirement fund contributions by employees as well as employers for two years, she said.
The scheme will cover any new employee joining employment in EPFO-registered establishment on monthly wages less than Rs 15,000. Source - Video Grab.