Pradhan Mantri Rozgar Protsahan Yojana crosses milestone of one crore beneficiaries

  • The Pradhan Mantri Rozgar Protsahan Yojana (PMRPY) has crossed the milestone of one crore beneficiaries as on the 14th January 2019.
  • The Centre’s flagship scheme launched on 7th August, 2016 incentivises employers to promote employment generation.
  • According to the Government, one lakh 24 thousand establishments have benefitted from the scheme.
  • Under the scheme, government pays full employers’ contribution of 12 per cent towards Employees’ Provident Fund and Employees’ Pension Scheme for a period of 3 years to new employees registered with EPFO, with salary up to 15,000 rupees per month.
  • During 2016-17, 2017-18 and 2018-19 (up to January 15 2019) 33,031,  30,27,612, and 69,49,436 beneficiaries respectively, have been enrolled with EPFO under PMRPY. The number of establishments who have benefitted during the implementation of the scheme is 1.24 lakh.
  • The entire system is online and AADHAR based with no human interface in the implementation of the scheme.
  • PMRPY has a dual benefit i.e. on the one hand, the employer is incentivised for increasing the employee base in the establishment through payment of EPF contribution of 12% of wage, which otherwise would have been borne by the employer and on the other hand, a large number of workers find jobs in such establishments.
  • A direct benefit is that these workers have access to social security benefit through Provident Fund, Pension and Death Linked Insurance. The terminal date for registration of beneficiaries through an establishment under the PMRPY is March 31, 2019.

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