6-Dec-2021: More than 1.2 crore benefited under Pradhan Mantri Rojgar Protsahan Yojana

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 contribution i.e. 12% for a period of three years to the new employees earning wages less than or equal to  Rs. 15,000/- through 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 benefit for 3 years from the date of registration under the scheme i.e. upto 31st March, 2022.The scheme was estimated to benefit 20 lakh beneficiaries. As on 27th November, 2021, benefit has been provided to 1.21 crore beneficiaries through 1.53 lakh establishments.

Campaigning for increasing the awareness about the scheme was done through various modes of media, including the website of EPFO. Besides this, to increase the awareness among employers and employers’ associations, a number of seminars and meetings were also conducted.

10-Mar-2021: Creation of New Employment through PMRPY

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 (as admissible from time to time) 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.

Aatmanirbhar Bharat Rozgar Yojana (ABRY) Scheme is being implemented with effect from 1st October, 2020 to incentivize creation of new employment along with social security benefits and restoration of loss of employment during COVID-19 pandemic. Under ABRY, Government of India is crediting for a period of two years,    both the employees’ share (12% of wages) and employers’ share (12% of wages) of contribution payable or only the employees’ share, depending on employment strength of the EPFO registered establishments.

Further, Government had launched Pradhan Mantri Garib Kalyan Yojana (PMGKY) under which Government of India had contributed both 12% employer’s share and 12% employee’s share under Employees Provident Fund (EPF), totaling 24% of the wage for the wage month from March to August, 2020 for the establishments having upto 100 employees with 90% of such employees earning less than Rs. 15000/-.

17-Jul-2019: 1,18,05,003 Employees benefitted under PMRPY

The total number of employees benefited under Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) from 01.04.2016 to 31.03.2019 is 1.18 crore with year-wise details as under:

The amount paid from 01.04.2016 to 31.03.2019 is Rs. 4370.60 crore.

17-Jan-2019: Pradhan Mantri Rozgar Protsahan Yojana Achieves one crore Milestone

Pradhan Mantri Rozgar Protsahan Yojana (PMRPY), the flagship scheme of the Central Government for employment generation has crossed the milestone of one crore beneficiaries as on January 14, 2019.

PMRPY was announced on August 07, 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 number of establishments who have benefitted during the implementation of the scheme is 1.24 lakh.

The entire system is online and AADHAR based with no human interface in the implementation of the scheme.

PMRPY has a dual benefit i.e. on the one hand, the employer is incentivised 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.

28-Mar-2018: Cabinet approves enhancing the coverage of Pradhan Mantri Rozgar Protsahan Yojana

The Cabinet Committee on Economic Affairs as given its approval for enhancing the scope of Pradhan Mantri Rozgar Protsahan Yojana(PMRPY). The Government of India will now contribute the Employer's full admissible contribution for the first three years from the date of registration of the new employee for all the sectors including existing beneficiaries for their remaining period of three years.

Benefits: The informal sector workers would get social safety net and there would be more job creation.

Till now, the scheme has produced quite encouraging results and have added about 31 Lakhs beneficiaries to the formal employment involving an expenditure of more than Rs. 500 crore.

Background: PMRPY has been in operation since August, 2016. In this scheme, Government is paying the 8.33% contribution of Employers to the Employees' Pension Scheme (EPS) in respect of new employees (who have joined on or after 1st April 2016) having a new Universal Account Number (UAN), with salary up to Rs. 15,000/- per month. The scheme has a dual benefit i.e. on the one hand the employers are incentivized for increasing the employment base of workers in the establishments, and on the other hand a large number of workers will find jobs in such establishments. A direct benefit is that these workers will have access to social security benefits of the organized sector.