Which ministry started the Pradhan Mantri Rojgar Protsahan Yojana?

Correct option is B

The correct answer is (b) Ministry of Labour and Employment

Explanation:

The Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) was launched by the Ministry of Labour and Employment to incentivize employers for generating new employment.

• The government pays the full employers' contribution (EPF and EPS) for new employees for a specific period.
• The scheme was aimed at promoting job creation by reducing the financial burden on employers in the formal sector.

Information Booster:

• Launch Year: 2016
• Key Feature: Government contributes 12% EPF (Employer’s share) for eligible new employees.
• Target: To promote formal employment and bring more workers under the Employees Provident Fund Organization (EPFO).
• Eligibility: Establishments registered with EPFO and adding new employees to their workforce.