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Consider the following statements regarding Pradhan Mantri Rojgar Protsahan Yojana (PMRPY):
1. Under the scheme, the employer is incentivized by the government for increasing the employee base in the establishment through payment of EPF (Employees’ Provident Fund) contribution.
2. It is implemented by Ministry of Social Justice and Empowerment.
3. Employees with salary greater than 15,000 per month are eligible under the scheme.
Which of the above statements is/are incorrect?
  • a)
    1 and 3 only
  • b)
    2 and 3 only
  • c)
    2 only
  • d)
    1, 2 and 3
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Consider the following statements regarding Pradhan Mantri Rojgar Prot...
Statement 2 is incorrect: PMRPY is implemented by Ministry of Labor and Employment.
Statement 3 is incorrect: Employees with monthly wage up to 15,000 per month are eligible under the scheme.
Supplementary notes:
Pradhan Mantri Rojgar Protsahan Yojana (PMRPY)
1. The Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) Scheme has been designed to incentivize employers for generation of new employment, where Government of India will be paying the full employer’s contribution towards EPF (Employees’ Provident Fund) & EPS (Employees’ Pension Scheme) both.
2. This scheme has a dual benefit, where, on the one hand, the employer is incentivized for increasing the employment base of workers in the establishment, and on the other hand, a large number of workers will find jobs in such establishments.
3. A direct benefit is that these workers will have access to social security benefits of the organized sector.
4. It is being implemented by Ministry of labor and Employment.
The beneficiaries of the scheme include:
  • All Establishments registered with EPFO (Employees’ Provident Fund Organization)
  • Establishments should have LIN (Labor Identification Number) allotted to them under Shram Suvidha Portal
  • Employee should have a valid Aadhar linked UAN (Universal Account Number) and wages up to 15,000 per month.
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Most Upvoted Answer
Consider the following statements regarding Pradhan Mantri Rojgar Prot...
Provident Fund) contributions.

2. The scheme is applicable for establishments that have up to 1000 employees.

3. The government pays the employer's share of EPF contributions for new employees for the first three years of their employment.

4. The scheme was launched by the Ministry of Finance in 2016.

Which of the statements given above is/are correct?
A. 1 and 2 only
B. 2 and 3 only
C. 1, 3, and 4 only
D. 1, 2, 3, and 4

The correct answer is D. 1, 2, 3, and 4.
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Consider the following statements regarding Pradhan Mantri Rojgar Protsahan Yojana (PMRPY):1. Under the scheme, the employer is incentivized by the government for increasing the employee base in the establishment through payment of EPF (Employees’ Provident Fund) contribution.2. It is implemented by Ministry of Social Justice and Empowerment.3. Employees with salary greater than 15,000 per month are eligible under the scheme.Which of the above statements is/are incorrect?a)1 and 3 onlyb)2 and 3 onlyc)2 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?
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