Finance Minister Nirmala Sitharaman on Tuesday announced that the Central government will give one month’s salary to the new employees entering the workforce.
The amount will be provided to the employees as a Provident Fund contribution.
“Government to set up three schemes for employment generation. Scheme for first-timers to provide one-month wage to all persons newly entering the workforce in all sectors. First-time employment scheme to benefit 2.1 crore lakh youths,” FM Sitharaman said.
Scheme A is for first-timers, Scheme B is for the creation of jobs in the manufacturing sector, and Scheme C is for support to employers, FM Sitharaman explained.