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  • It is to promote/incentivize employment generation.
  • Central Government will be paying the 8.33% EPS contribution of the employer for the new employment.
  • All industries registered with Employees’ Provident Fund Organization (EPFO) can apply for availing benefits under the scheme.
  • It is targeted for employees earning wages less than Rs. 15,000/- per month.
  • The scheme will be in operation for a period of 3 years and GOI will continue to pay and all new eligible employees will be covered till 2019-20