New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    Which of the following statement is/are correct about

    “PM Rojgar Protsahan Yojana”? I.         Ministry of social justice and Empowerment is implementing Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) since 2016. II.         The aim is to incentivise employers for the creation of new employment and also aimed to bring informal workers to the formal workforce. III.         Under the scheme, the Government of India is paying 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.
    A I only Correct Answer Incorrect Answer
    B I and II only Correct Answer Incorrect Answer
    C II and III only Correct Answer Incorrect Answer
    D All of the above Correct Answer Incorrect Answer

    Solution

    Explanation: The government is implementing Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) since 2016 with the objective to incentivise employers for the creation of new employment and also aimed to bring informal workers into the formal workforce. Under the scheme, the Government of India is paying 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. The terminal date for registration of beneficiary through establishment was 31st March 2019. The beneficiaries registered up to 31st March 2019 will continue to receive the benefit for 3 years from the date of registration under the scheme i.e. up to 31st March 2022. The scheme was estimated to benefit 20 lakh beneficiaries. As of 27th November 2021, the benefit has been provided to 1.21 crore beneficiaries through 1.53 lakh establishments. 

    Practice Next

    Relevant for Exams: