"Atmanirbhar Bharat Rozgar Yojana to incentivize the creation of new jobs," says Finance Minister

Union Finance Minister Nirmala Sitharaman addresses a press conference in New Delhi. The government announces a Rs 3 lakh crore stimulus for the stressed sectors in an earnest attempt to revive demand and generate employment.

'12 different things we will be announcing. We can refer to this as an "Atmanirbhar 3.0." Beginning with "Atmanirbhar Bharat Rozgar Yojana." The PMRPY was implemented up to March 31, 2019, to incentivize formalisation and creation of new employment. Atmanirbhar Bharat Rozgar Yojana will incentivize the creation of new jobs, the Finance Minister Nirmala Sitharaman said. New employees hired by EPFO-registered organisations to get benefits during the COVID-19 pandemic,' FM adds.