BSNL VRS Scheme 2022 has been announced by the Mahanagar Telephone Nigam Ltd and Bharat Sanchar Nigam Ltd. Union Cabinet headed by the prime minister Mr. Narender Modi approved BSNL and MTNL merger as a revival package that includes raising sovereign bonds, monetizing assets and Voluntary Retirement Scheme (VRS) for employees. BSNL has 1.76 lakh employees and MTNL has 22000 employees across India. Contenders who are willing to avail of the benefits of the scheme must come under the eligibility criteria as mentioned further. Applicants may grab the details about the BSNL VRS scheme from this article in details, read it up to the end of the page.
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BSNL VRS Scheme 2022 Highlights
| 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 2022
Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd have announced a Voluntary Retirement Scheme for the employees. BSNL and MTNL are going to raise a sovereign bond of ₹15,000 crore and assets of worth ₹38,000 crores will be cast 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. This scheme is approved by the union cabinet. Cabinet also approved the 4G Spectrum on an administrative allocation.
Objective of BSNL Voluntary Retirement Scheme
This scheme has been announced for the employees who attained the age of 55 years and 31 years’ service within the organization. The main aim behind the VRS is to reduce the workforce around 15000 at present. This scheme will provide benefits to around 1 Lakh employees out of 3 Lakh employees of BSNL. This move of the government is welcomed by the employees of Mahanagar Telephone Nigam Ltd but employees of Bharat Sanchar Nigam Ltd oppose the VRS. The reason behind the opposing of BSNL staff is the fear of job loss. The employees of BSNL thinks that this will not going to give benefit to them much in some manner.
Eligibility Criteria
Employees who wish to avail the benefits of this scheme must have the following:
- 31 years of total service in the organization
- Attained age of 55 years
Important Links
Note: for more information about the scheme you may visit the official website or stay in touch with us in the future.