Shillong, Aug 1: An awareness programme on Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) was organised by the Department of Labour, Employment and Skill Development in association with the Employees’ Provident Fund Organisation (EPFO), Shillong.
Regional PF commissioner K Hungyo presented an overview of the scheme while EPFO team made detailed presentation on the scheme’s features and provisions under the EPF & MP Act, 1952.
The Employment Linked Incentive (ELI) scheme, which was rebranded as PM-VBRY consists of two components – incentive to first-time employees and support to employers.
One month’s EPF wage (up to Rs 15,000) is provided in two instalments to first-time EPFO-registered employees earning up to Rs 1 lakh per annum, with part of the benefit placed in a savings instrument for later withdrawal.
On the other hand, EPFO-registered employers is provided up to Rs 3,000 per month per additional employee (earning up to ₹1 lakh) for two years, extended to three and four years for manufacturing units.
To qualify, establishments must hire at least two additional employees (for those with fewer than 50 workers) or five (for those with 50 or more) on a sustained basis for at least six months.
Representatives from leading organisations such as NEEPCO, MCAB, Ranger Security, Polo Tower Group, Nazareth Hospital, and Mebaai Security and Service took part in the programme.
Principal secretary (Labour, Employment and Skill Development) C Songate and representatives from state departments including Directorate of Labour, Employment and Craftsmen Training, and ESIC also took part in the programme.
