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Provident Fund contribution
The Government has said that it will pay the entire Provident Fund contribution of those who earn less than Rs. 15,000 per month in companies having fewer than 100 workers, as those workers are at risk of losing their jobs. That amounts to 24% of basic pay—12% from the employee and 12% from the employer—which will be paid by the Government for three months.
Eligibility criteria
This is for those firms where there are fewer than 100 employees, 90% of whom draw less than Rs. 15,000 per month in wages.
What it covers
24% of basic pay—12% from the employee and 12% from the employer.
Duration
This will be paid by the Government for three months.
Disclaimer:
Information provided here has been sourced from news articles based on the press conference by Government officials