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Good news: Special assistance from EPFO ​​for first-time job seekers whose income is less than 1 lakh

Sarojini Bishi

New Delhi: Good news for the youth. If the income of the person who got a job for the first time is less than 1 lakh, the special financial assistance will be received from EPFO. For the young men and women whose salary is less than 1 lakh, they will get special financial assistance of 15 thousand rupees in 3 installments for the first time. Finance Minister Nirmala Sitharaman has given maximum focus to the youth in the budget.

He announced this in the budget for the new recruits. One month’s salary for joining EPFO. This money will be paid in 3 installments. New recruits who are getting a salary of 15 thousand to 1 lakh rupees will get this facility. 2 crore 10 lakh youth will benefit from this scheme.

In addition, unsecured education loans up to 10 lakh rupees will be available for studies in local institutions. The youth will be given skill training. 30 lakh youth will be trained. For this, a package of Rs 2 lakh crore has been announced in the budget. In the next 5 years, the government will spend 2 lakh crore rupees. Will provide internship to 1 crore youth. 5000 rupees per month financial assistance will be provided during one year internship.

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