Thursday, February 1, 2018

Creating job opportunities employment generation during last three years

Creating job opportunities employment generation during last three years.

Creating job opportunities and facilitating generation of employment has been at the core of our policy-making. During the last three years, we have taken a number of steps to boost employment generation in the country. These measures include:-
  • Contribution of 8.33% of Employee Provident Fund (EPF) for new employees by the Government for three years.
  • Contribution of 12% to EPF for new employees for three years by the Government in sectors employing large number of people like textile, leather and footwear.
  • Additional deduction to the employees of 30% of the wages paid for new employees under the Income Tax Act.
  • Launch of National Apprenticeship Scheme with stipend support and sharing of the cost of basic training by the Government to give training to 50 lakh youth by 2020.
  • Introducing system of fixed term employment for apparel and footwear sector.
  • Increasing paid maternity leave from 12 weeks to 26 weeks, along with provision of creches.

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