PM Vikas Bharat Rojgar Yojana: Now, from August 1, PF employees are going to have a great time, which will benefit on a large scale. The government will provide an amount of Rs 15,000 to the employees registered with EPFO from August 1. This amount will be given under the PM Vikasit Rojgar Yojana.

The Union Cabinet has also announced the approval of a budget of Rs 99,446 crore for this. The most important thing is that the benefit of he incentive amount will be given to PF employees in two instalments. The Ministry of Labour and Employment has given this information to the employees registered with EPFO on Friday. This is considered to be a big step for the government.

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The Ministry of Labour and Employment said that the employees registered with EPFO for the first time will be provided an incentive amount of Rs 15000 in two instalments under this scheme. The meaning is clear that one month’s EPF salary will be given in two instalments. In this, the first instalment will have to be provided within six months of starting the job.

The second instalment is to be paid within one year,e, 12 months. In this amount, employees with a salary of up to Rs 1 lakh have been targeted. The purpose of this scheme is to promote savings among the people. A large number of employees will get to see its benefits. The government was working on this scheme for a long time, and its benefits will also start coming now.

Which employees will get the benefit?

According to the Union Ministry, employers will be provided incentives for employees with a salary of up to Rs 1 lakh. The central government will work to give incentives of up to Rs 3,000 per month to employers for two years for each additional employee with continuous employment for a minimum of 6 months.

For information, let us tell you that the government also gives an interest amount every year for PF employees. For the financial year 2024 and 20225, the government had announced to give an 8.25 per cent interest amount.