Question

Pradhan Mantri Rojgar Protsahan Yojana is being implemented since

• A. 2015
• B. 2014
• C. 2017
• D. 2016

Answer 1

Answer:

D. 2016

• The Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) was launched by the Government of India with the objective of incentivizing employers to generate new employment.

• This scheme was implemented starting from August 2016.

• Key Features of PMRPY:

  • The scheme provides a government contribution towards the Employees' Provident Fund (EPF) for new employees.

  • The government pays the EPF contributions for employers for the first three years of employment for new employees.

  • This benefit is available for employers who employ new workers in establishments registered with the EPF.

  • The scheme aims to encourage the formalization of the economy and promote job creation in the organized sector.

  • It is a scheme under the Ministry of Labour and Employment.