Explanation:

The Pradhan Mantri Rojgar Protsahan Yojana, or PMRPY Scheme is aimed at incentivising employers to generate employment, where the Government pays the employers’ Employee Pension Scheme share of 8.33 percent, for new employees for the first three years of their job.
There is also a proposal to make this applicable for those who are unemployed but are semi-skilled and unskilled as well. The Ministry of Labour has implemented the same scheme and has been in operation since August 2016.
The PMRPY scheme was announced during the 2016-17 Budget with the primary purpose of promoting the generation of employment with INR 1000 crores having been made.The scheme serves two purposes; one, it encourages job creation by the employers by incentivising them, and on the other hand, gets a large number of workers find jobs. One major benefit to these workers is the access to social security benefits in these organized sectors.