Another relief Package of Modi government, finance minister announced self - relief india 3.0
For two Years, The Government will Give a Full 24 % of the PF of Newly recruited Employees as Subsidy to organizations with up to 1000 employees. This will be Applicable from 1 October 2020. the Government will give subsidy for 2 years for the new employees 12 % PF contribution in an intitution with more than 1000 employes. about 95 percent of the institutes will come in it and crores of employees will benefit
The Measures are Expected to Create 78 Lakh Additional Jobs and boost steel Production by 25 Lakh Metric Tonnes and Cement by 131 LMT.
Mobile Manufacturing and Specified Electronics Components at a cost of Rs 40,955 Crore Critical key starting materials, Drug Intermediate and active Pharma Ingredients at a Cost of Rs. 6,940 Crore. This to boost economic growth and domestic employment.
Nirmala Sitharaman also announced that the emergency credit line guarantee scheme has been extended till march 31, 2021 the Government has also extended the ECGLS to all stressed sectors.
To give relief to the derailed economy from the corona crisis, the modi government has announced a self-sufficient india 3.0. under this the emphasis is on job creation and givin relief to the troubled sector. the government has given relief to everyone from employment to real estate, from employees toland buyers.
Finance minister nirmal sitharaman's press conference today announced another relief package, emphasis on job creation and relief to troubled sector to bring the economy derailed in the corona crisis, the modi government has announced another relief package. finance minister Nirmal Sitharaman said in the press conference that recent figures are showing signs of improvement in the economy.
Self employed india employment scheme its goal is that more and more employees join epfo and take advantage of PF.
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For Two Years the Government will give a full 24 % of the PF of newly Recruited employees as subsidy to organizations with up to 1000 employees. this will be applicable from 1 october 2020. the Government will give subsidy for 2 years for the New employees 12 % PF Contribution in an institution with more than 1000 employees.
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