Modi government will contribute a 2-year retirement fund to new employees

The Modi government, which has been giving the people one after the other in the past for a long time, has now given a big gift to the low-income people! Under the Self-Employed India Employment Scheme, the government says that from 1 October 2020 to 30 June 2021, the government will contribute a 2-year retirement fund to new employees hired by companies and other units!

The Modi government at the Center says that this fund will be on behalf of the employee and the employer. This means that the government is now 12% of the employee and 12% of the employer EPF on the new appointment at a lower salary between the stipulated period. The government will give In such a situation, this is very good news for people whose salary is less than 15000!

Significantly, the government has approved the Self-Reliant India Employment Scheme in the cabinet meeting on Wednesday! 22,810 crore will be spent on this scheme! After this announcement, more than 58 lakh employees will get the benefit given by the government! Let us know that this benefit of the government will be given only to those people whose salary is less than 15000 and they have a UAN account!

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