EPFO has extended the last date for UAN linking. Earlier its last date was 30 November, which has now been extended to 15 December 2024. The deadline for linking bank account with Aadhaar has also been extended.
Employers should update UAN and bank account of new employees timely
Employers have been asked to timely update the UAN and bank account of all new employees, so that the employees can get the full benefits of the government scheme. The main objective of the ELI scheme is to create new jobs and provide support to employees and employers. Under this, first time job seekers will also get financial incentives. Employers will benefit by providing more jobs. So that both the employee and the employer can get the full benefit of this scheme, it is necessary to link UAN and Aadhaar.
Plan A: For first-time job seekers
Plan A is for people who are employed for the first time. In which employees will be given a salary of up to Rs 15,000 in three installments. This money will be deposited directly into the bank account linked to Aadhaar. This scheme has been created to connect new people with employment and provide them financial assistance.
Plan B: For the manufacturing sector
Plan B aims to increase employment in the manufacturing sector. In this scheme, employers and new employees will get incentive on EPFO contribution. This benefit will be available for 4 years. This scheme is beneficial for providing new jobs in the manufacturing sector and increasing production.
Plan C: For more jobs
Plan C is for employers across all sectors. In this, the government will give Rs 3,000 per month to the employer for each new employee. This help will be available for 2 years. With this scheme, employers will be able to hire more people. Employees with salary up to Rs 1 lakh can avail this benefit. EPFO says that UAN and Aadhaar linking should be done by December 15, 2024, so that employees can avail the benefits of these schemes.
