Latest news with #MinistryofLabourandEmployment
Business Standard
a day ago
- Business
- Business Standard
Around 31 Crore unorganised workers have registered on e-Shram portal
Ministry of Labour & Employment stated in a latest update that as of 22nd July 2025, over 30.95 crore unorganised workers have already registered on the eShram portal. The Ministry of Labour and Employment launched eShram portal ( on 26th August 2021 for the creation of a comprehensive National Database of Unorganised Workers (NDUW) seeded with Aadhaar. The eShram portal is meant to register and support the unorganised workers by providing them with a Universal Account Number (UAN) on a self-declaration basis.
India.com
4 days ago
- Business
- India.com
EPFO alert: New rule makes family eligible for Rs 50000 payout if PF holder dies even if Death balance in fund is less than…
Home Business EPFO alert: New rule makes family eligible for Rs 50000 payout if PF holder dies even if Death balance in fund is less than… EPFO alert: New rule makes family eligible for Rs 50000 payout if PF holder dies even if Death balance in fund is less than… EPFO's new move is seen as a big step forward in strengthening the social security net for employees and their dependents. (File/Representational) The Ministry of Labour and Employment has notified the Employees' Deposit-Linked Insurance (Amendment) Scheme, 2025, has updated the policy in which they are easing the eligibility criteria for insurance benefits under the EPFO. As per the new notification, in the unfortunate event of an EPF member's death, a minimum assurance benefit of Rs 50,000 will now be payable to the family, even if the employee's average provident fund balance is less than Rs 50,000. This will be applicable to members of both regular EPF and those covered under exempted provident funds under Section 17 of the EPF Act. EPFO New Rules: The benefit applies even if the employee dies during the preceding 12 months or still in service. To qualify for the benefit, a continuous service of 12 months was required. However, the EPFO has clarified that a gap of up to 60 days between two periods of employment will not break continuity and multiple services will be counted as one. If a member dies within six months of the last PF contribution while still on the employer's payroll, the family is still eligible for the Rs 50000 benefit under the amended scheme. EPFO Old Rule VS New Rule Earlier, families of employees who passed away within a year of joining were not eligible for EDLI insurance benefits. After this amendment, the scheme now will give minimum financial support of Rs 50,000 to the bereaved families and much-needed relief during difficult times. For breaking news and live news updates, like us on Facebook or follow us on Twitter and Instagram. Read more on Latest Business News on
Hans India
4 days ago
- Business
- Hans India
PM Viksit Bharat Rozgar Yojana: First-time employees to earn Rs 15,000 from Aug 1
New Delhi: First-time employees registered with the EPFO are set to earn Rs 15,000 from August 1 under the new PM Viksit Bharat Rozgar Yojana (PM-VBRY), said the Ministry of Labour and Employment on Friday. PM-VBRY, earlier known as the employment-linked incentive (ELI) scheme, was cleared by the Union Cabinet with an outlay of Rs 99,446 crore. 'Targeting first-time employees registered with EPFO, the scheme will offer one-month EPF wage up to Rs 15,000 in two instalments,' the Ministry said. The first instalment will be payable after six months of service, and the second instalments will be payable after 12 months of service and completion of a financial literacy programme by the employee. The scheme is targetted for people with salaries up to Rs 1 lakh. It will also encourage the habit of saving among individuals. For this, "a portion of the incentive will be kept in a savings instrument or deposit account for a fixed period and can be withdrawn by the employee at a later date", the Ministry said. The scheme also incentivises employers to create new employment and aims to provide benefits for the generation of new jobs across various sectors, with special focus on the manufacturing sector. For employers, the scheme will cover the generation of additional employment in all sectors, with a special focus on the manufacturing sector. 'The employers will get incentives in respect of employees with salaries up to Rs 1 lakh. The Government will incentivise employers, up to Rs 3,000 per month, for two years, for each additional employee with sustained employment for at least six months,' the Ministry said. For the manufacturing sector, incentives will be extended to the third and fourth years. To avail the scheme, EPFO-registered establishments will have to hire at least two additional employees (for employers with less than 50 employees) or five additional employees (for employers with 50 or more employees), on a sustained basis for at least six months. While payments to first-time employees will be made through DBT (Direct Benefit Transfer) mode using the Aadhar Bridge Payment System (ABPS), payments to the employers will be made directly into their PAN-linked accounts, the Ministry said. PM-VBRY scheme aims to incentivise the creation of more than 3.5 crore jobs in the country, over a period of 2 years, the Ministry said. 'Out of these, 1.92 crore beneficiaries will be first timers, entering the workforce. The benefits of the scheme would apply to jobs created between August 1, 2025, and July 31, 2027,' it added.
NDTV
4 days ago
- Business
- NDTV
PM Rozgar Yojana: First Time Employees To Earn Rs 15,000 From August 1
New Delhi: First-time employees registered with the EPFO are set to earn Rs 15,000 from August 1 under the new PM Viksit Bharat Rozgar Yojana (PM-VBRY), said the Ministry of Labour and Employment on Friday. PM-VBRY, earlier known as the employment-linked incentive (ELI) scheme, was cleared by the Union Cabinet with an outlay of Rs 99,446 crore. "Targeting first-time employees registered with EPFO, the scheme will offer one-month EPF wage up to Rs 15,000 in two instalments," the Ministry said. The first instalment will be payable after six months of service, and the second instalments will be payable after 12 months of service and completion of a financial literacy programme by the employee. The scheme is targetted for people with salaries up to Rs 1 lakh. It will also encourage the habit of saving among individuals. For this, "a portion of the incentive will be kept in a savings instrument or deposit account for a fixed period and can be withdrawn by the employee at a later date", the Ministry said. The scheme also incentivises employers to create new employment and aims to provide benefits for the generation of new jobs across various sectors, with special focus on the manufacturing sector. For employers, the scheme will cover the generation of additional employment in all sectors, with a special focus on the manufacturing sector. "The employers will get incentives in respect of employees with salaries up to Rs 1 lakh. The Government will incentivise employers, up to Rs 3,000 per month, for two years, for each additional employee with sustained employment for at least six months," the Ministry said. For the manufacturing sector, incentives will be extended to the third and fourth years. To avail the scheme, EPFO-registered establishments will have to hire at least two additional employees (for employers with less than 50 employees) or five additional employees (for employers with 50 or more employees), on a sustained basis for at least six months. While payments to first-time employees will be made through DBT (Direct Benefit Transfer) mode using the Aadhar Bridge Payment System (ABPS), payments to the employers will be made directly into their PAN-linked accounts, the Ministry said. PM-VBRY scheme aims to incentivise the creation of more than 3.5 crore jobs in the country, over a period of 2 years, the Ministry said. "Out of these, 1.92 crore beneficiaries will be first timers, entering the workforce. The benefits of the scheme would apply to jobs created between August 1, 2025, and July 31, 2027," it added.
Mint
5 days ago
- Business
- Mint
Over 50% entry-level women in blue-grey jobs plan to quit within a year, 54% unhappy with pay, reveals study
At least 52% of women with less than one year of experience in India's blue-grey-collar workforce plan to quit within 12 months, a new survey has found. The attrition rate, however, drops sharply to 3 per cent among those who stay in their jobs for more than two years, from 52% among those who have been employed for less than a year, the report said. It added that 54 per cent of women who are currently working are unhappy with their pay, and 80% save less than ₹ 2,000/month. The findings in the State of Women in the Blue-Grey Collar Workforce-2025, a data-driven report and policy brief offering actionable solutions to strengthen women's participation in one of India's fastest-growing employment segments by Udaiti Foundation, in partnership with Quess Corp Limited. 54 per cent of women who are currently working are unhappy with pay, and 80% save less than ₹ 2,000/month, it added, The blue-grey collar workforce is an emerging term that blends elements of both blue-collar and grey-collar workers. The report cites multiple sources that suggest that India needs to add 7-10 million non-farm jobs a year to achieve the goal of becoming a developed nation or 'Viksit Bharat' by 2047. A large share of these non-farm jobs are blue-collar roles, which form the backbone of India's economy, it says. The findings were launched at an event held in New Delhi on Thursday. Vandana Gurnani, Secretary, Ministry of Labour and Employment, S Krishnan, Secretary, Ministry of Electronics and Communication, and Rajkamal Vempati, Group Executive and Head of Human Resources, Axis Bank, attended the event Despite women's overall share in blue-grey collar roles rising from 16 per cent in FY20-21 to 19 per cent in FY23-24, as per the PLFS Annual Report, the cohort faces high early attrition rates that threaten productivity, continuity, and India's ability to achieve its $30 trillion economy goal by 2047,' the report said. 'This report reveals a tremendous opportunity for India to unlock its full economic potential. We have demonstrated that we can open doors for women, and the unlock lies in creating systems that enable them to thrive and grow. Women are not leaving because they lack capability; they are leaving because we have not yet built the infrastructure and designed workplaces for their success,' Pooja Goyal, Founding CEO of The Udaiti Foundation, said. The report identifies five key challenge areas from the survey that, if addressed, can significantly improve women's retention: higher incomes, safer and more reliable mobility, improved workplace infrastructure, clearer career growth pathways, and more inclusive, supportive work culture. Income is a key challenge: 54% of women who are currently working are unhappy with pay, and 80% save less than ₹ 2,000/month. ● Those earning above ₹ 20,000 are 21% less likely to drop out in the near term— showing that better pay supports retention. Mobility barriers: 57% of women respondents who are currently working face transport challenges; 11% feel unsafe while commuting, especially during night shifts. ● One in five women who have left the workforce said they will return to work if the workplace were closer to home. ● Workplace safety and infrastructure challenges: 22% of women feel unsafe at work, with this figure jumping to 33% where basic safety measures like CCTV and lighting are absent. Career growth: 21% of women respondents cite lack of growth as a reason to leave their jobs; postgraduate women with more than a year's tenure are 3x more likely to exit if the growth pathway is unclear. Limited workplace flexibility: 28% of women report difficult hours and demanding work environments. One-third of them cite lack of flexibility as the main issue. ●Additionally, many field-facing roles across sectors commonly lack formal grievance redressal systems, underscoring the need to build open and responsive channels to hear women employees out. Infrastructure gaps fuel safety concerns: 22% of women feel unsafe at work — a number that spikes to 33% in locations lacking basic infrastructure (e.g., CCTV, lighting). ●This is especially stark in FMCG, education, IT/ITeS, and manufacturing. Women are not leaving because they lack capability; they are leaving because we have not yet built the infrastructure and designed workplaces for their success.
