The Union Government on Wednesday approved bonus for Central Government employees, ahead of Dussehra celebrations. The decision is likely to benefit over 30 lakh employees.
“The Union Cabinet chaired by the Prime Minister Narendra Modi, has given its approval to pay Productivity Linked Bonus (PLB) for the year 2019-2020 to 16.97 lakh non-gazetted employees of commercial establishments like Railways, Posts, Defence, EPFO, ESIC, etc. will be benefitted and the financial implication would be Rs 2,791 crore,” said Union Minister Prakash Javadekar.
Non-PLB or ad-hoc Bonus is given to Non-Gazetted Central Government employees. Around 13.70 lakh employees would be benefited and Rs 946 crore will be the financial implication for the same.
“A total of 30.67 lakh employees would be benefited by the Bonus announcement and total financial implication will be Rs 3,737 crore,” added Modi.
Payment of Bonus to non-gazetted employees for their performance in the preceding year is usually made before Durga Puja/Dussehra season. The Government is announcing the Productivity Linked Bonus (PLB) and ad hoc bonus for its non-gazetted employees to be disbursed immediately.