Atmanirbhar Bharat Rozgar Yojana is the relief announced amidst the coronavirus pandemic. Job loss and unemployment are the most severe immediate impact of the COVID-19 crisis, while lower economic growth and a rise in inequality would be its long-term effects. As per the recent survey, the primary policy priorities were protecting workers and their families, short-term employment creation, and income transfers to affected society sections. Short-term policy requirements were to support MSMEs, expansion of MGNREGA, job creation, cash transfers, and social security. The long-term measures included the need for building a more robust public health system, universalization of social security, and policies for the welfare and rights of migrants, workers, other indigenous families.
With the wave of severe Covid-19, sectors were immensely affected and suffered. It left almost all sectors helpless and few without work. Many businesses suffered shutdowns, hawkers and vendors lost their means of earning a livelihood. To support the same and lift their morale in these times, the Government of India launched the Atmanirbhar Bharat Abhiyan.
Atma Nirbhar Bharat Abhiyan or Self-reliant India is the new ray of hope in the form of a relief and exemptions scheme initiated by India’s Government. Atmanirbhar Bharat Abhiyan lays the foundation stone for the long-term reformation and growth in the Indian economy’s crucial sectors that would lead to raised per capita GDP in this hour of crisis. Atmanirbhar Bharat Abhiyan is like a dream come true for plenty of business setups, migrants, vendors, indigenous families, etc.
The Atmanirbhar Bharat Rozgar Yojana is the new employment scheme announced by Our Finance Minister, Nirmala Sitharaman, on 12 November 2020. The Scheme plays a cosmic role in suppressed sectors and people’s lives and shall indeed be a great success in converting the time of crisis into opportunity. The Scheme has proved to be a blessing in disguise for most business organizations and people affected by the Pandemic’s trauma. The primary reason behind launching the Atmanirbhar Bharat Rozgar Yojana was to pursue those policies that are efficient, competitive, long-lasting, and resilient. The Scheme resulted from the efforts, which could sense the majority of Indians’ atrocities and came up with this thought to revive the people’s distorted lives.
The Atmanirbhar Bharat Rozgar Yojana aims to incentivize the creation of new employment opportunities and growth during the Covid-19 economic recovery phase. The Indian economy has witnessed a strong recovery after a long and strict COVID-19 lockdown.
The Atmanirbhar Bharat Rozgar Yojana announcement is the more stimulus scheme to boost the Nation’s growth and development. It also mentioned that macro-economic indicators are pointing towards recovery. Also, the Covid-19 active cases have declined from over 10 lakh to 4.89 lakh. Our FM Nirmala Sitharaman address comes a day after the Union Cabinet approved Rs. 2 lakh crore production-linked incentive (PLI) package to boost demand in the country.
The Scheme of Atmanirbhar Bharat Rozgar Yojana will be applicable for all the eligible new employees joining EPFO-registered establishments and those who exited the establishments during the rough phase the COVID pandemic.
The beneficiary criteria for Atmanirbhar Bharat Rozgar Yojana are as follows:-
Through its subsidy, Central Government shall deliver few benefits towards the Scheme of Aatmanirbhar Bharat Rozgar Yojana. For organizations with up to 1,000 employees who earn up to Rs 15,000 per month and are registered under EPFO, the 12% contribution of the employees and 12% from the employer – amounting to 24% will be borne entirely by the central Government.
The Central Government shall provide subsidy for two years regarding new eligible employees engaged on or after 1 October 2020; finance minister Nirmala Siutharama further stated that subsidy would be credited upfront Aadhaar-seeded EPFO accounts.
As per the sources, the package, ahead of Diwali, could offer a stimulus totaling about 1.48 lakh crore to help the economy of our Nation. The economic stimulus package is likely to focus on MSMEs, rural and urban income groups, and the hospitality and aviation sectors. On 19 October, the finance minister stated that the Government has started a mid-year review of the economy and is open to offering another stimulus package after demands from various quarters and industry bodies. The significant announcements under Aatm Nirbhar Bharat Rozgar Yojana include:
For India, the report estimates job loss for 4.1 million youth. Construction and agriculture have witnessed significant job losses among seven key sectors. The youth had to go through a lot amidst the Pandemic. There came a sheer need to include relief packages about India’s uprising employment issue: Atmanirbhar Bharat Rozgar Yojana will boost the employment rate and ensure job opportunities.
The benefits shall be in the form of the Government’s contribution to the employment scheme. The Scheme shall benefit employers, employees, and eligible establishments. The Scheme can be called as lower costs; higher take-home salary.
The Atmanirbhar Bharat Rozgar Yojana shall create more jobs in the phase of recovery. It shall ensure good employment opportunities for employees and decent growth for employers in the current scenario.
For employers and establishments, the Atmanirbhar Bharat Rozgar Yojana shall subsidy the establishments willing to make new hires. The support would be to cover retirement fund contributions by employees and employers for two years.
Atmanirbhar Bharat Rozgar Yojana is the Government’s positive step towards helping people gets their jobs back. It is a very suitable time for people to get such assistance as the country gets back to business because of Diwali’s festive occasion. The Nation had to go through a lot amidst the dark phase of the Pandemic. Now is the time to procure them with employment opportunities and benefits. No other gift can be as great as Atmanirbhar Bharat Rozgar Yojana for the Nation at this point.
The Atmanirbhar Bharat Rozgar Yojana was the need of the hour after seeing the trend of jobs and the unemployment rate. Atmanirbhar Bharat Rozgar Yojana is no less than a blessing in disguise for the Nation. The plan has plunged into our lives with new hopes and aspirations.
To support the Government and give wings to their dream, we, as an Aatmnirbhar Sena, do our best to avail all possible assistance to it. As an Aatmnirbhar Sena, we shall work relentlessly to make people aware of the Scheme’s benefits and make them avail of its services. We shall give our best to convert the time of crisis into opportunity by aiding the youths and people in pain. We shall ensure our full-time assistance for those who wish to have their benefits and live their dreams again. We shall strive to provide round-the-clock assistance who wants to join the league of availing the services of the Scheme. Atmanirbhar Bharat Rozgar Yojana is a proper mechanism to boost the employment rate and development in India.
Atmanirbhar Bharat Rozgar Yojana is like a rising sun that has come up, spreading its light mitigating the darkness from the lives of our Nation’s people. It is no less than a second life for people in distress.