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The government has given approval to Productivity Linked Bonus (PLB) equivalent to 78 days wage to eligible non-gazetted railway employees for the financial year 2021-22, an official statement said on Saturday.
The decision is likely to benefit around 11.27 lakh non-gazetted railway employees. This, however, excludes RPF/RPSF personnel, it said.
This payment will be made before Dussehra/puja holidays, bringing smile to lakhs of families ahead of the festive season.
The financial implication of payment of 78 days' PLB to railway employees has been estimated to be Rs 1,832.09 crores. The wage calculation ceiling prescribed for payment of PLB is Rs 7,000 p.m. The maximum amount payable per eligible railway employee is Rs 17,951 for 78 days, the statement said.
The payment of PLB would serve as an incentive and result in motivating a large number of railway employees, particularly those involved in execution and operations of railways, to improve their productivity and ensure safety, speed and service for railway customers, the statement said.
The payment of PLB will also boost the demand in economy in upcoming festival season, it added.
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"Thanks to PM @narendramodi Ji on behalf of entire rail parivar for sanctioning the productivity-linked bonus for 78 days," Railway Minister Ashwini Vaishnaw said in a tweet.
"The Railway employees have played important role in performance of passenger and goods services which also acted as catalyst for the economy.
"In fact, Railway employees ensured uninterrupted movement of essential commodities like food, fertilizer, coal and other items even during the lockdown period. Railways has ensured there is no shortage of such commodities in the area of operations," the statement from the national transporter said.
The railways in past three years have undertaken a series of steps to regain market share in freight and increase realization in passenger fares through suitable policy initiatives, it said.
As a result, in the current year (2022-23), the railways have regained momentum in receipts, disrupted previously due to the pandemic. In F.Y. 2021-22, the railways achieved incremental freight loading of 184 million tonnes which is highest ever (Total 1418 million tonnes), it said.
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