The BSNL VRS Scheme 2020 has been announced by Mahanagar Telephone Nigam Limited and Bharat Sanchar Nigam Limited. The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the merger of BSNL and MTNL as a revival package which includes sovereign bonds, monetization of assets and voluntary retirement. Scheme for Employees (VRS). BSNL has 1.76 lakh employees and MTNL has 22000 employees across India. Participants who are willing to take advantage of the scheme should fall under the eligibility criteria as explained further. Applicants can take the details about BSNL VRS scheme from this article, read it till the end of the page.
Brief Info of BSNL VRS Scheme 2020
| Name of the scheme | Voluntary Retirement Scheme |
| Organization name | Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd |
| Beneficiaries | Employees |
| Official website | bsnl.co.in |
Benefits of BSNL VRS Scheme 2020
Bharat Sanchar Nigam Limited and Mahanagar Telephone Nigam Limited have announced a voluntary retirement scheme for employees. BSNL and MTNL are raising sovereign bonds worth ₹ 15,000 crore and assets worth ₹ 38,000 crore will be acquired in the next four years. The government is going to spend Rs.23600 crore- Rs.3600 crore for MTNL and Rs.20000 crore on BSNL Voluntary Retirement Scheme. The scheme is approved by the Union Cabinet. The cabinet also approved 4G spectrum on administrative allocation.
Objective of BSNL Voluntary Retirement Scheme
The scheme has been announced for employees who have attained the age of 55 years and 31 years within the organization. The main objective behind VRS is to reduce the workforce currently to around 15000. This scheme will provide benefits to about 1 lakh employees out of 3 lakh employees of BSNL. This move of the government has been welcomed by the employees of Mahanagar Telephone Nigam Limited, but the employees of Bharat Sanchar Nigam Limited have opposed the VRS. The reason behind the protest of BSNL employees is fear of job loss. BSNL employees feel that this is not going to benefit them in any way.
Eligibility criteria
Employees desirous of availing this scheme should have the following:
- 31 years of total service in the organization
- Retained age of 55
Important Links
Note: For more information about this scheme you can visit the official website or get in touch with us in future.