Pradhan Mantri Rojgar Protsahan Yojana

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    In Context

    • More than 1.2 crores benefited under Pradhan Mantri Rojgar Protsahan Yojana.

    About The Pradhan Mantri Rojgar Protsahan Yojana(PMRPY) 

    • 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: 
    • 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. 
    • A direct benefit is that these workers will have access to social security benefits of the organized sector 
    • It brings informal workers to the formal workforce.

    Source: PIB