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In which year was the Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) launched?
Question

In which year was the Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) launched?

A.

2018

B.

2015

C.

2016

D.

2022

Correct option is C


The correct answer is (c) 2016.
· The Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) was launched in 2016.
· The primary goal of the PMRPY scheme is to incentivize employers to generate new employment opportunities by offering financial benefits for hiring new employees.
· The government pays the full employer's contribution (12% or 10% of the wages) towards the Employee Provident Fund (EPF) and Employees' Pension Scheme (EPS) for the new employees for a period of three years.
· The scheme targets employees earning wages up to ₹15,000 per month.
· Employers who are registered with the Employees' Provident Fund Organization (EPFO) and have a valid Labour Identification Number (LIN) can avail the benefits of this scheme.
· The scheme is implemented by the Ministry of Labour and Employment through the Employees' Provident Fund Organization (EPFO).

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