Government is implementing Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) since 2016 with the objective to incentivise employers for creation of new employment and also aimed to bring informal workers to the formal workforce.
Under the scheme, Government of India is paying employer’s full contribution i.e. 12% towards Employees’ Provident Fund (EPF) and Employees’ Pension Scheme (EPS) both for a period of three years to the new employees through Employees’ Provident Fund Organisation (EPFO).
The terminal date for registration of beneficiary through establishment was 31st March 2019. The beneficiaries registered upto 31st March, 2019 will continue to receive the benefits for 3 years from the date of registration under the scheme.
As on 3rd March, 2021, benefits have been provided to 1.21 crore beneficiaries through 1.52 lakh establishments.
Further, Government had also launched Pradhan Mantri Garib Kalyan Yojana (PMGKY) and Aatmanirbhar Bharat Rozgar Yojana (ABRY) Scheme to incentivise creation of new employment along with social security benefits and restoration of loss of employment during COVID-19 pandemic.
