- Ministry: Ministry of Labour and Employment
- Objective: to promote employment generation
- Details:
- The Central Government will be paying the 8.33% EPS contribution of the employer for the new employment.
- All industries registered with Employees’ Provident Fund Organization (EPFO) can apply for availing benefits under the scheme.
- It is targeted for employees earning wages less than Rs. 15,000/- per month.
- The scheme will be in operation for a period of 3 years and GOI will continue to pay and all new eligible employees will be covered till 2019-20.
