Minister highlighting rich craft traditions and their relevance to contemporary living (See 'Corp Brief') PMLA - Secured creditor is entitled to stake its claim before liquidator as per Section 53 of IBC, qua immovable property, and same can be disposed of by liquidator as per law: SAFEMA (See 'Legal Desk') Scindia unveils Commemorative Postage Stamp on 150th anniversary of Bombay Gymkhana (See 'Corp Brief') SEBI - Request for unfreezing bank accounts based merely on value of securities in demat accounts, in absence of compliance with direction of Interim Order of depositing impounded gains in Escrow Account, cannot be accepted: SEBI (See 'Legal Desk') DoP, BSE sign MoU to expand Mutual Fund Access Across India (See 'Corp Brief') A&C - Difference or controversy as to rate of interest clearly falls outside scope of challenge on ground of conflict with public policy of India unless it is evident that rate of interest awarded is so perverse: SC (See 'Legal Desk') Cloud data centre capacity in India estimated to grow 4 to 5 times by 2030 (See 'Corp Brief') A & C - By awarding reimbursement for second regular meal & welcome drinks, arbitrator had created new contract between parties, amounting to breach of Sec 28(3), which is patently illegal and against public policy: SC (See 'Legal Desk') Scindia to address Gramin Dak Sevak Sammelan in Kolhapur (See 'Corp Brief') IBC - It is mandatory duty of RP to verify every claim received and maintain updated list of creditors with requisite details including amount admitted, claimed, and security interest: IBBI (See 'Legal Desk') Semicon India Program developing complete ecosystem for Semiconductors (See 'Corp Brief') PMLA - Secured creditor can stake its claim by moving application before Special Judge, PMLA Court, even before conclusion of trial, if excess amount is realised during auction sale: SAFEMA (See 'Legal Desk') NITI Aayog releases report on Deepening the Corporate Bond Market in India (See 'Corp Brief') IBC - Moratorium does not protect development rights under agreement that was validly terminated for corporate debtor's non-performance before initiation of insolvency proceedings: SC (See 'Legal Desk')

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1.2 crore benefited under PM Rojgar Protsahan Yojana

Published: Dec 07, 2021

By TIOLCorplaws News Service

NEW DELHI, DEC 07, 2021: GOVERNMENT is implementing Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) since 2016 with the objective to incentivise employers for creation of new employment and also aimed to bring informal workers to the formal workforce. Under the scheme, Government of India is paying Employer's contribution i.e. 12% for a period of three years to the new employees earning wages less than or equal to  Rs. 15,000/- through EPFO.

The terminal date for registration of beneficiary through establishment was 31st March 2019. The beneficiaries registered upto 31st March, 2019 will continue to receive the benefit for 3 years from the date of registration under the scheme i.e. upto 31st March, 2022.The scheme was estimated to benefit 20 lakh beneficiaries. As on 27th November, 2021, benefit has been provided to 1.21 crore beneficiaries through 1.53 lakh establishments. 

 Campaigning for increasing the awareness about the scheme was done through various modes of media, including the website of EPFO. Besides this, to increase the awareness among employers and employers' associations, a number of seminars and meetings were also conducted.

This Information was given by the Minister of State for Labour and Employment, Rameswar Teli, in a written reply in Lok Sabha yesterday.

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