26 March 2020 – Subsidised wages for employees in small businesses

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Business support
Sectors Involved: Wage and income support
Level of Jurisdiction: National
Lead People/Agency:

Overview: The Government of India announced a scheme to subsidise the wages of employees earning below Rs 15,000 per month in businesses having less than 100 workers and who are at risk of losing their employment.

The government will pay 24 percent of the workers” monthly wages into their PF accounts for three months.

This measure is aimed at preventing disruption in employment.
Full details here: https://pib.gov.in/PressReleseDetail.aspx?PRID=1608953