Aatmanirbhar Bharat Rojgar Yojana was implemented

Solution

Aatmanirbhar Bharat Rojgar Yojana was launched in 2020 under the Employees Provident Fund Organisation (EPFO) to boost employment by incentivising employers to create new jobs and support low-wage employees. Key Points: 1. Provide EPF contributions for new employees for two years. 2. Applicable to establishments hiring more than 50 employees. 3. Encourages formalisation of the workforce. 4. Part of the Aatmanirbhar Bharat package for economic recovery post-COVID-19. 5. Covers employees earning less than ₹15,000 per month. Bee Facts: • India Post Payments Bank (a): Provides financial inclusion services. • Life Insurance Corporation (b): Focuses on insurance policies. • HDFC Bank (c): A leading private bank, unrelated to EPFO. • EPFO (d): Implements employment-related schemes.