₹15,000.It would also cover EPF members drawing monthly wages of less than ₹15,000, who made an exit from employment during COVID-19 pandemic from March 1, 2020 and is employed on or after October 1, 2020.The scheme would cover establishments registered with EPFO if they add new employees compared to the reference base of employees as in September 2020.The condition would be adding a minimum of two new employees for establishments with up to 50 employees.
Those establishments with more than 50 employees, would have to give a minimum of five new jobs.The scheme would be operational till June 30, 2021.Click here to read the Mint ePaperMint is now on Telegram.