• The total number of employees benefited under Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) from 01.04.2016 to 31.03.2019 is 1.18 crore.

About Pradhan Mantri Rojgar Protsahan Yojana:

• 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 targets workers who earn wages of less than INR 15000 on a monthly basis. It encourages employers of Small and Medium Enterprises and Micro Businesses to avail the benefits of this project.

Purpose:

• The Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) aims to incentivise those employers who are registered with the Employees’ Provident Fund Organization (EPFO) in order to create jobs.
• Apart from paying the 8.33 percent towards the contribution of employees EPS, for the textile industry, the government also intends to pay 3.67 percent towards the Employees Provident Fund for the eligible employers of new employees.
• 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.