Consider the following statements with regard to ldquo Pradhan Mantri Rozgar Protsahan Yojana rdquo ...........

Economic Affairs Employment related Issues

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Consider the following statements with regard to “Pradhan Mantri Rozgar Protsahan Yojana”

1. Only those employees will be considered under the programme whose monthly income is less than or equal to Rs.15,000.

2. The scheme is implemented by the Department of Public Enterprises.

3. Scheme will benefit informal sector workers as they would get social safety net.

How many of the statements given above are correct?

Only One

Only Two

All Three

None

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Explanation:

"Only those employees will be considered under the program whose monthly income is less than or equal to Rs.15,000": This statement is correct. The Pradhan Mantri Rozgar Protsahan Yojana (PMRPY) targets employees earning a monthly income of less than or equal to Rs. 15,000.

"The scheme is implemented by the Department of Public Enterprises": This statement is not correct. The scheme is not implemented by the Department of Public Enterprises. Instead, it is implemented by the Ministry of Labour and Employment.

"The scheme will benefit informal sector workers as they would get a social safety net": This statement is correct. PMRPY aims to incentivize employers for generating new employment by providing benefits to employees in the form of the employer's contribution to the Employees' Pension Scheme (EPS) for the first three years. This is particularly beneficial for informal sector workers who often lack social safety nets.