7th Pay Commission: Government grants PLB Bonus for FY 2020-21; Cabinet approves the PM Mitra Yojana

Publish Date: 07 Oct, 2021 |
 

PLB Bonus for 2021

Around 11.56 lakh non-gazetted railway employees are going to be benefitted as the Government of India makes announcement to grant ‘productivity linked bonus’ equal to 78 days’ wage to the deserving non-gazetted railway employees. Railway protection force (RPF) and Railway protection special force (RPSF) will be excluded for the financial year 2020-21. 

The decision was taken by the Union Cabinet headed by Prime Minister Narendra Modi and the total expenditure on implementing the 78 days PLB bonus is estimated to be Rs.1984.73 crore.

PLB Bonus Calculation

  • The maximum amount payable to each eligible employee is Rs. 17,951 for 78 days as the wage calculation ceiling prescribed for the FY 2020-21 is Rs 7,000 per month.

  • The PLB bonus is implemented each year before the Dussehra Pooja holidays, and this year too, the decision of cabinet will be executed before the holidays.

  • The PLB bonus of 78 days’ wage were first distributed in the FY 2011-12 and have been distributed ever since. This year too the bonus will be paid to motivate the employees to perform better and enhance the standards and condition of Indian Railways.

  • The Bonus covers all the eligible non-gazetted railway employees, except RPF and RPSF, all over the country.

PLB Bonus 2020

In 2020, The Union Government informed that around 11.58 lakh non-gazetted railway employees received the Productivity linked bonus equivalent to 78 days’ wage. The cost of bonus to the government last year was around Rs. 2081.68 crore.



PM Mitra Yojana

Union Cabinet on Wednesday also approved the implementation of PM Mitra Yojana. Under this Scheme, 7 Mega Integrated Textile Region and Apparel Parks will be set up, which will require the investment of around Rs. 4445 crore by the government in 5 years. The Scheme will help in placing India at a better place in the global textile map.


PM Mitra Parks

The Scheme was announced during the Union Budget in 2021-22. The parks will be set up in greenfield/brownfield sites in different willing states. Union Minister Piyush Goyal, told that 10 states have already shown interest in the scheme. These are Punjab, Tamil Nadu, Andhra Pradesh, Rajasthan, Orissa, Gujarat, Assam, Madhya Pradesh and Telangana. Sites for the park will be chosen based on the fulfillment of the objective by ‘Challenge Method’.

Benefits of PM Mitra

It will provide direct employment to around 7 lakh people and indirect employment for 14 lakh people. Also, it will help in setting up industry for Spinning, weaving, dyeing, printing to garment-manufacturing all at one place. This will also help in reducing the logistics cost of the industry.

 

The parks will be developed by Special Purpose Vehicle(SPV), and will be owned by both,the state and central government in a public-private partnership(PPP) mode."The Master Developer will not only develop the Industrial Park but also maintain it during the concession period. Selection of this Master Developer will happen based on objective criteria developed jointly by State and Central Governments," the release said.


 

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