There is good news for those who lost jobs during the Covid-19 pandemic. Finance Minister Nirmala Sitharaman announced on Saturday that the government will pay the provident fund (PF) share of employer and employee till 2022 for those people who lost their jobs, but were again called back to work in small-scale jobs. This is for formal sector employees and employers whose units are registered in the Employees' Provident Fund Organisation (EPFO).
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The provisional payroll data of EPFO released on Friday highlighted a growing trend with as many as 12.83 lakh net payroll additions during June 2021.
Last year, the government had announced the Atmanirbhar Bharat Rozgar Yojana, under which it provides subsidy for the PF contribution for adding new employees to establishments registered with the EPFO.