Question

Which of the following options is incorrect about “Pradhan Mantri Rojgar Protsahan Yojana”?

Q: Answer-Which of the following options is incorrect about “Pradhan Mantri Rojgar Protsahan Yojana”?

Explanation The government is implementing Pradhan Mantri Rojgar Protsahan Yojana PMRPY since 2016 with the objective to incentivise employers the creation of new employment and also aimed to bring informal workers to the formal workforce. Under the scheme, the Government of India is paying Employers 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 EPFO.

A It was launched in 2016 by the Ministry of skill development and Entrepreneurship.

B The objective is to incentivise employers for the creation of new employment.

C It also aimed to bring informal workers to the formal workforce.

D Under the scheme, the Government of India is paying the 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 EPFO.

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