About the Scheme
- The Ministry of Labour & Employment is implementing “Pradhan Mantri Rojgar Protsahan Yojana” (PMRPY) since 2016-17 with the objective to incentivise employers for creation of new employment and also aimed to bring informal workers to the formal workforce.
- Under the scheme, Government of India is paying 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 the Employees Provident Fund Organisation (EPFO).
- The terminal date for registration of beneficiary through establishment was 31st March 2019.
Why in News?
- Under PMRPY, benefit has been provided to 1.21 crore beneficiaries through 1.53 lakh establishments.