In the Budget Speech 2017-18, The Hon'ble Finance Minister had announced, "A special scheme for creating employment in the textile sector has already been launched. A similar scheme will be implemented for the Leather and footwear industries.
In order to incentivize creation of new jobs in the formal sector, government of India is paying the Employee Pension Scheme (EPS) Contribution of 8.33% for all new employees enrolling in Employees'Provident Fund Organisation (EPFO) for the first three years of their employment, applicable to those with salary up to 15000/- under Pradhan Mantri Rojgar Protsahan Yojana (PMRPY).Download Scheme Document
All Establishments registered with EPFO can apply for availing benefits.
Establishments should have LIN allotted to them under Shram Suvidha Portal.
Benefits for Leather sector Establishments with NIC codes 1410, 1420, 1511, 1512 and 1520
Leather Sector Establishments eligible to get 3.67% of EPF Contribution
Registration on PMRPY portal mandatory to avail benefits.
The Scheme Shall be deeemed to be operation with effect from 1st April 2017.