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Pradhan Mantri Garib Kalyan Yojana PDF
The Government of India made a significant announcement on March 26, 2020, introducing the Pradhan Mantri Garib Kalyan Yojana (PMGKY) relief package. This package, amounting to a whopping Rs.1.70 Lakh Crore, was designed to provide assistance to the underprivileged in their battle against the Corona Virus Pandemic. As a part of this comprehensive relief package, the Central Government proposed a special provision to support wage-earners who earn below Rs. fifteen thousand per month. For the next three months, the government plans to contribute 24 percent of the monthly wages into the Employees’ Provident Fund (EPF) accounts of these individuals.
This initiative specifically targets establishments employing up to one hundred employees, where the majority (90% or more) of the workforce earns monthly wages less than Rs.15000/-. By providing this financial aid, the government aims to alleviate the burden on the shoulders of these hardworking individuals during these challenging times. The contribution to the EPF accounts will serve as a significant boost to the income of the wage-earners, ensuring their financial stability and enabling them to meet their essential needs. This support will be extended for a period of three months, providing a much-needed lifeline to those affected by the economic impact of the pandemic.
The Pradhan Mantri Garib Kalyan Yojana (PMGKY) relief package reaffirms the government’s commitment to the welfare of the poor and underprivileged sections of society. By extending financial assistance to those in need, the government aims to empower individuals and families to overcome the challenges posed by the Corona Virus Pandemic. It’s important to note that this relief package is a testament to the government’s proactive approach in addressing the economic and social implications of the pandemic. By targeting wage-earners in smaller establishments, the government recognizes the diverse needs and vulnerabilities of different sections of society.
The implementation of this relief package involves close coordination between the Central Government, establishments, and the EPF authorities. Through this collaborative effort, the government aims to ensure that the benefits reach the intended beneficiaries seamlessly and without any delays. the Pradhan Mantri Garib Kalyan Yojana (PMGKY) relief package serves as a beacon of hope for wage-earners earning below Rs. fifteen thousand per month.
Pradhan Mantri Garib Kalyan Yojana Dwonload
- In order to ensure job stability for low-wage employees and provide support to establishments with up to one hundred employees, the Central Government has introduced a crucial measure. For the next three months, the government will directly pay the entire employee’s EPF contribution (12% of wages) and the employer’s EPF & EPS contribution (12% of wages), totaling 24% of the monthly wages.
- This financial support will be directly deposited into the EPF accounts (UAN) of employees who are already members of the EPF Scheme, 1952. These individuals should be earning wages less than Rs.15000/- per month and should be employed in establishments that are already covered under the EPF & MP Act, 1952. these establishments should have up to one hundred employees, with 90% or more of them earning less than Rs.15,000/- in monthly wages.
- The implementation of the Pradhan Mantri Garib Kalyan Yojana demonstrates the government’s commitment to assisting the underprivileged in their fight against the Corona Virus. This relief measure aims to provide financial stability and security to those who need it the most during these challenging times. To access more information about the Pradhan Mantri Garib Kalyan Yojana and its benefits, you can download the PDF format. This will provide you with detailed insights into the various aspects of the scheme and how it can support individuals and establishments affected by the pandemic.
- It’s essential to recognize the significance of this relief package in safeguarding the livelihoods of low-wage employees and supporting small-scale establishments. By directly paying the EPF contributions, the government aims to prevent any disruption in employment and ensure that individuals can meet their financial obligations.
- The Pradhan Mantri Garib Kalyan Yojana is a testament to the government’s commitment to the welfare of the poor and vulnerable sections of society. By extending financial assistance, the government aims to empower individuals and establishments to overcome the economic challenges posed by the Corona Virus. the Pradhan Mantri Garib Kalyan Yojana serves as a lifeline for low-wage employees and establishments with up to one hundred employees. This relief measure ensures that financial support reaches those who need it the most, fostering stability and resilience in the face of the ongoing pandemic.