In Context
- More than 1.2 crores benefited under Pradhan Mantri Rojgar Protsahan Yojana.
About The Pradhan Mantri Rojgar Protsahan Yojana(PMRPY)Â
- The scheme is implemented by the Ministry of Labour and Employment.
- It has been designed to incentivise employers for the generation of new employment.
- Under the scheme, the Government of India is paying the Employer’s contribution i.e. 12% for a period of three years to the new employees earning wages less than or equal to  Rs. 15,000/- through EPFO.
- The beneficiaries registered up to 31st March 2019 will continue to receive the benefit for 3 years from the date of registration under the scheme i.e. up to 31st March 2022.
- Benefits:Â
- The employer is incentivised for increasing the employment base of workers in the establishment.
- A large number of workers will find jobs in such establishments.Â
- A direct benefit is that these workers will have access to social security benefits of the organized sectorÂ
- It brings informal workers to the formal workforce.
Source: PIB
