ICICI Securities: PF Subsidy - A Key Second Order Benefit For Business Services Sector

ICICI Securities: PF Subsidy - A Key Second Order Benefit For Business Services Sector

Employees work at a call centre. (Photographer: Dhiraj Singh/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Two years of provident fund subsidy by the central government under the proposed Atmanirbhar Bharat Rozgar Yojana scheme is loosely identical to the then Pradhan Mantri Rojgar Protsahan Yojana.

Before its sunset, PMRPY was touted as a big success and widely credited to have led to job creation and/or formalisation (approximately 10 million Employees Provident Fund Organization payroll additions).

Post Covid-19, we see re-introduction of this scheme as a welcome move giving impetus to new job creation and/or formalisation over the next two years.

Click on the attachment to read the full report:

ICICI Securities Business Services Sector Update.pdf
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