New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    Which of the following option is incorrect about

    “Aatmanirbhar Bharat Rojgar Yojana”?
    A The Aatma nirbhar Bharat Rojgar Yojana (ABRY) has been launched with effect from 1st October 2020 by the Ministry of Labour and Employment. Correct Answer Incorrect Answer
    B The aim is to incentivize employers for the creation of new employment and restoration of loss of employment during the Covid-19 pandemic. Correct Answer Incorrect Answer
    C An employee drawing a monthly wage of less than Rs. 21000/- who was not working in any establishment registered with the Employees’ Provident Fund Organization (EPFO) before 1st October 2020 is eligible for the benefit. Correct Answer Incorrect Answer
    D Under ABRY benefits are provided to every establishment registered with EPFO and their new employees (earning wages less the 15,000/- per month). Correct Answer Incorrect Answer

    Solution

    Explanation: This scheme is being implemented through the Employees Provident Fund Organisation (EPFO) to reduce the financial burden of the employers of various sectors/industries and encourages them to hire more workers. Under ABRY benefits are provided to every establishment registered with EPFO and their new employees (earning wages less the 15,000/- per month).

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