New Delhi (NVI): As many as 3 million non-gazetted union government employees will get bonus amounting to Rs 3,737 crore as a step to revive demand in the economy in the festive season, the Union Cabinet today decided.
The Union Cabinet, chaired by Prime Minister Narendra Modi, approved productivity linked and non-productivity linked bonus for 2019-2020.
The bonus will be given in a single installment, through Direct Benefit Transfer, before Vijayadashami,” Union Minister Prakash Javadekar said at a press briefing, referring to the holiday on October 25.
“More than 3 million non-gazetted employees will be benefited by the bonus announcement and total financial implication will be Rs 3,737 crores,” he said after a cabinet meeting in Delhi. “This will boost demand in the market.”
The beneficiaries include 17 lakh non-gazetted employees from government’s commercial establishments such as railways, post office, EPFO, ESIC and production and their share will be Rs 2,791 crore. The rest 13 lakh government employees will get non-productivity link bonus of Rs 946 crore.
Payment of Bonus to non-gazetted employees for their performance in the preceding year is usually made before Durga Puja/Dussehra season.
-CHK
