The Indian government launched a scheme called Pradhan Mantri Rozgar Protsahan Yojana for the sake of unemployed youths with job opportunities, resulting in reduction of unemployment rate.
With the rising rate of unemployment in the country, the government has initiated various schemes to provide employment opportunities for the unemployed youth. One such scheme is the Pradhan Mantri Rozgar Protsahan Yojana (PMRPY). This article aims to provide comprehensive information about the Pradhan Mantri Rozgar Protsahan Yojana, including its benefits, objectives, eligibility criteria, required documents, and application process. By reading this article, individuals can gain a better understanding of the Pradhan Mantri Rozgar Protsahan Yojana and its potential to assist them in finding employment. To stay informed about the Pradhan Mantri Rozgar Protsahan Yojana and other Employment Promotion Scheme, it is recommended to read this article in full.
Prime Minister Employment Promotion Scheme 2024
The Government of India introduced the Pradhan Mantri Rozgar Protsahan Yojana (PMRPY) in 2016 as an initiative to incentivise employers to raise the employment rate in the nation. Through the provision of Employer’s Contribution to the EPF (Employees’ Provident Fund) for a period of three years, the system offers incentives to employers for the employment of new workers, notably in the formal sector. For a period of three years, eligible firms who sign up for the scheme and grow their employee base will receive a rebate on the EPF payment for new hires. Additionally, this scheme aims to encourage firms to hire more workers and encourage employment growth, especially in the organised sector.
1.21 Crore Beneficiaries Got the Benefit of the Scheme
Pradhan Mantri Rozgar Protsahan Yojana (PMRPY) is a scheme launched by the Indian government in 2016 to encourage employers to provide employment opportunities to new job seekers. This Employment Promotion Scheme aims to increase employment opportunities in the country by providing financial incentives to employers who hire new employees. As per the scheme, employers who hire employees with a salary of ₹ 15,000 or less will be provided 12% of employer contribution by the Government of India for a period of three years. This information was announced by the Minister of State for Labor and Employment, Rameshwar Teli on December 6, 2021. The last date for registration under this scheme was initially set as March 31, 2019, but has been extended. All beneficiaries who registered before March 31, 2019 will be eligible for the benefits of the scheme for three years from the date of registration.
Did You Know?The Pradhan Mantri Rozgar Protsahan Yojana (PMRPY) was initially estimated to benefit around 20 lakh individuals. However, by November 27, 2021, the scheme has already benefited 1.21 crore individuals through 1.53 lakh establishments. The government is also conducting various awareness campaigns to ensure that more citizens are aware of the scheme and can benefit from it. |
Expansion of Prime Minister’s Employment Promotion Scheme
The Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) scheme is established to promote employment across the country. The scheme aims to increase employment opportunities by providing financial incentives to employers who hire new employees. Under this scheme, the government will pay 12% of the Employee Provident Fund (EPF) and Employee Pension Scheme (EPS) on the appointment of new employees for a period of three years. The payment will be made through the Employees’ Provident Fund Organisation (EPFO) on behalf of the government. On March 10, 2021, the Minister of State and Labor Employment, Santosh Kumar Gangwar, announced that the benefits of the PMRPY will be extended to 1.21 crore beneficiaries through 1.52 lakh institutions. The scheme will also cover all those beneficiaries who had registered before March 31, 2019, for a period of three years. The scheme encourages employers to create new jobs, which in turn helps to decrease the unemployment rate and make citizens of the country self-reliant and strong.
Key Highlights Of Pradhan Mantri Rojgar Protsahan Yojana 2024
| Scheme Name | Prime Minister’s Employment Promotion Scheme |
| Who launched | Indian government |
| Beneficiary | citizens of india |
| Purpose | generate employment opportunities |
| Official website | https://pmrpy.gov.in/ |
| Year | 2022 |
| Government contribution | 8.33% in EPS and 3.67% in EP F |
| When launched | 1 April 2018 |
Prime Minister Employment Promotion Scheme Registration
The Pradhan Mantri Rojgar Protsahan Yojana aims to provide social security benefits of the organised sector to workers. Establishments registered under the Employees’ Provident Fund Organisation (EPFO) can take advantage of this scheme. In order to be eligible for the scheme, establishments must have a LIN number under the Shram Suvidha Portal. Additionally, employees will only be able to access the benefits of the scheme if their Aadhaar is linked to UAM and their salary is less than or equal to ₹ 15,000. The application process for the scheme is simple and can be completed online, eliminating the need for physical visits to government offices. By registering on the official website, eligible establishments can take advantage of the Pradhan Mantri Rojgar Protsahan Yojana 2024.
Objective of Pradhan Mantri Rojgar Protsahan Yojana
The main objective of Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) is to encourage employers to provide employment opportunities to new job seekers. The scheme aims to increase employment opportunities in the country by providing financial incentives to employers who hire new employees. The government aims to increase the employment rate by providing financial assistance to employers for hiring new employees under the scheme. It also aims to reduce the burden of compliance on the employers and improve the ease of doing business by the provision of incentives for their compliance with the statutory labor laws. It also aims to increase the social security coverage for the new employees who are covered under the scheme. It helps the government to achieve its goal of creating more job opportunities and reducing the unemployment rate in the country.
PM Rojgar Protsahan Yojana Statistics
| Plan | Prime Minister’s Employment Promotion Scheme | Prime Minister’s Employment Promotion Scheme Textile Sector |
| Financial Benefits | ₹ 92,47,51,42,073/- | ₹23,96,73,353/- |
| Institute | 1,52,900 | 802 |
| Number of beneficiaries | 1,21,69,960 | 2,69,044 |
Pradhan Mantri Rojgar Protsahan Yojana Key Facts
Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) is a scheme launched by the Indian government to encourage employers to provide employment opportunities to new job seekers.
Here are some key facts about the scheme:
- Launched in 2016 by the Ministry of Labour and Employment.
- The main objective of the scheme is to increase employment opportunities in the country by providing financial incentives to employers who hire new employees.
- Eligible employers are those who are registered with the Employees’ Provident Fund Organization (EPFO) and the Employees’ State Insurance Corporation (ESIC) and who have increased their employee base by at least 5% during the relevant period as per the PMRPY guidelines.
- Financial incentives of 8.33% of the employer’s contribution to the Employee Provident Fund (EPF) are provided for a maximum of three years.
- The scheme is open to all sectors and industries.
- The application process for the scheme is simple and can be completed online.
- The scheme is in compliance with various labor laws and regulations, ensuring that employers are not in default of statutory liabilities.
- The scheme is reviewed periodically and subject to change based on the government policies
Benefits and Features of PM Rojgar Protsahan Yojana 2024
- Financial Incentives: Employers who provide jobs to new job seekers are eligible for a financial incentive of 8.33% of the employer’s contribution to the Employee Provident Fund (EPF) for a maximum of three years.
- Increased Employment: The scheme aims to increase employment opportunities in the country by providing financial incentives to employers who hire new employees.
- Simplified Process: The application process for the scheme is simple and can be completed online, making it easy for employers to apply.
- Transparency: The scheme is designed to be transparent, with all transactions and incentives being recorded and tracked through the online portal.
- Legal Compliance: The scheme is in compliance with various labor laws and regulations, ensuring that employers are not in default of statutory liabilities.
- Customisable: The scheme is flexible and can be customised to meet the specific needs and requirements of different employers.
Eligibility for Prime Minister’s Employment Promotion Scheme
- The employer should be an Indian entity and should be registered with the Employees’ Provident Fund Organisation (EPFO) and the Employees’ State Insurance Corporation (ESIC).
- The employer should have increased the employee base by at least 5% during the relevant period as per the PMRPY guidelines.
- The new employees for whom the employer is seeking the benefit of the scheme should be registered with the EPFO and ESIC.
- The employer should not have retrenched any employee during the relevant period.
- The employer should not have closed down any establishment during the relevant period.
- The employer should not be in default of statutory liabilities under various labor laws.
- The employer should not have been debarred from availing any benefits under the scheme in the past.
Important Documents
- Aadhar Card
- LIN number
- Ration card
- Birth certificate
- Residence certificate
- Passport size photograph
- Mobile number
- Income Certificate
Process to apply in Pradhan Mantri Rozgar Protsahan Yojana 2024
- Step 1: Begin the process by visiting the Pradhan Mantri Rozgar Protsahan Yojana’s official website
- Step 2: Your current screen will now display the homepage
- Step 3: Select the apply option on the homepage
- Step 4: The application form will then be placed in front of you
- Step 5: Carefully fill out every field on the application form
- Step 6: Now, attach all of the necessary documents
- Step 7: Then, press the submit button
- Step 8: You will be able to apply in this manner.
Login Process
- Step 1: To begin, visit the Pradhan Mantri Rozgar Protsahan Yojana’s official website first
- Step 2: Now, the homepage will be displayed in your current screen
- Step 3: Select the login option on the homepage
- Step 4: A new page will be opened in your browser
- Step 5: On this screen, enter your LIN/PF code and password
- Step 6: Click the sign-in button
- Step 7: You will be able to sign in using this process.
Official Login Process
- Step 1: First, visit the Pradhan Mantri Rojgar Protsahan Yojana’s official website
- Step 2: Your current screen will now display the homepage
- Step 3: Now, click on the official login link on the homepage
- Step 4: A new page will now appear in your browser
- Step 5: Enter your login and password in this new page
- Step 6: Select the sign-in button
- Step 7: Through this process, you will be able to login officially.
Contact Information
We have given you all the crucial details about the Pradhan Mantri Rojgar Protsahan Yojana through this article. You can send an email to solve your problem if you’re still having trouble with it. pmrpyfeedback@epfindia.gov.in is the email address.
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FAQs on Prime Minister’s Employment Promotion Scheme
What is the Pradhan Mantri Rojgar Protsahan Yojana?
PMRPY is a scheme launched by the Indian government to encourage employers to provide employment opportunities to new job seekers by providing financial incentives for doing so.
What are the objectives of the PMRPY?
The main objectives of PMRPY are to increase the employment rate in the country and to provide financial incentives to employers who provide jobs to new job seekers.
Who is eligible for the scheme?
Employers who are registered with the Employees' Provident Fund Organisation (EPFO) and the Employees' State Insurance Corporation (ESIC) and who provide jobs to new job seekers are eligible for the scheme.
What are the benefits of the scheme?
Employers who provide jobs to new job seekers are eligible for a financial incentive of 8.33% of the employer's contribution to the EPF for a maximum of three years.
How can employers apply for the scheme?
Employers can apply for the scheme by visiting the official website of the Ministry of Labour and Employment and filling out the online application form.
