EPFO ABRY Scheme: Registration date extended till 31 March 2022 - all you need to know

EPFO Alert: Employees’ Provident Fund Organisation (EPFO) has extended the date of registration under the Atmanirbhar Bharat Rojgar Yojana (ABRY). Registration facility under the ABRY has been extended till 31 March 2022.

“Registration facility under #ABRY has been extended till 31.03.2022,” the retirement fund body informed in a tweet from its official twitter handle.

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The scheme provides incentives for employers and new employees of eligible establishments registered with EPFO.

New Employees will get incentives for two years from his or her date of registration.

Incentives:

Incentives is in the form of payment of both employees and employers’ contribution which is 24 per cent of wages in respect of new employees employed in establishments having up to 1000 employees.
And only employees EPF contribution which is 12 per cent of wages in respect of new employees employed in establishments having more than 1000 employees.

Any establishment is eligible for incentive if they add prescribed minimum number of employees over and above the reference base.

Reference base of employees is taken as number of contributory EPF members in ECR for September 2020.

New employees joining with monthly wage of less than Rs 15,000 per month is entitled to receive benefits for 24 wage months from date of registration.

Establishments registered with EPFO after 1 October 2020 shall get benefits in respect of new employees.

Last date for registration extended from 30 June 2021 to 31 March 2022.

The new employees joining and new establishments getting registered under EPF & MP Act, 1952 up to 31 March 2022 are eligible to register.

In case you require further information, visit epfindia.gov.in.