Pradhan Mantri Rozgar Protsahan Yojana

Pradhan Mantri Rozgar Protsahan Yojana

Question: The beneficiaries of Pradhan Mantri Rozgar Protsahan Yojana have crossed ——— as on 14th January, 2019.
(a) 50 lakh
(b) 20 lakh
(c) 70 lakh
(d) 1 crore
Answer: (d)
Related facts:

  • As on 14 January 2019,Pradhan Mantri Rozgar Protsahan Yojana, the flagship scheme of Central Government for employment generation has crossed the milestone of one crore beneficiaries.
  • PMRPY was announced on 7 August 2016 and is being implemented by Ministry of Labour and Employment through the Employees’ Provident Fund Organization (EPFO).
  • Under the scheme, Government is paying full employers’ contribution of 12% (towards Employees’ Provident Fund and Employees’ Pension Scheme both), for a period of 3 years in respect of new employees who have been registered with the EPFO on or after 1st April 2016, with salary up to Rs. 15,000 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 entire system is online and AADHAR based. The number of establishments who have benefitted during the implementation of the scheme is 1.24 lakh.
  • PMRPY has a dual benefit i.e. on the one hand, the employer is incentivized 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.

Links:
http://www.pib.nic.in/PressReleseDetail.aspx?PRID=1560363