Pradhan Mantri Rojgar Protsahan Yojana 2024, Features, Benefits and Eligibility

Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) 2024

The Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) encourages EPFO-registered employers to create jobs. The government covers the full employer contribution to EPS and EPF for new employees with a new UAN. The process is entirely online and Aadhaar-based, with no need for human interaction. This scheme was initiated in August 2016. Let’s check the details of Pradhan Mantri Rojgar Protsahan Yojana (PMRPY)

Overview Table Of Pradhan Mantri Rojgar Protsahan Yojana

Aspects	Details
Scheme Name	Pradhan Mantri Rojgar Protsahan Yojana (PMRPY)
Purpose	Encourages job creation by covering employer contributions to EPS and EPF for new employees with a new UAN
Launch Date	August 2016
Eligibility	EPFO-registered employers, new employees with a new UAN
Benefits	– Social security benefits extended to workers – Incentivizes employers to expand their workforce
Eligibility Criteria	– EPFO registration – Valid Labour Identification Number (LIN) – Valid PAN – Valid bank account – Increased employee count after April 1, 2016
Beneficiaries Covered	– Textile sector employees – Total establishments: 1,52,900 – Total beneficiaries: 1,21,69,960
Financial Benefits for Textile Sector	– Total: Rs. 92,53,20,45,358 – Per establishment: Rs. 23,96,73,353
Scheme Closure Date	March 31, 2022

What Is Pradhan Mantri Rojgar Protsahan Scheme?

The Pradhan Mantri Rojgar Protsahan Yojana, launched in August 2016, aims to incentivize employers for job creation. Under this scheme, the government covers the employers’ 8.33% contribution to the Employee Pension Scheme (EPS) for the first three years for new employees.

There’s a proposal to extend this scheme to unemployed individuals with semi-skilled or unskilled backgrounds, managed by the Ministry of Labour since August 2016. Announced in the 2016-17 Budget with an initial allocation of Rs. 1,000 crore, PMRPY primarily targets workers earning less than Rs. 15,000 monthly. This encourages small, medium, and micro-enterprise employers to participate. Effective from March 31, 2022, the scheme has been closed.

प्रधानमंत्री रोजगार प्रोत्साहन योजना

प्रधानमंत्री रोजगार प्रोत्साहन योजना (PMRPY) भारत सरकार द्वारा 2016-17 के बजट में शुरू की गई थी। इस योजना का उद्देश्य नए कर्मचारियों को उनके रोजगार के पहले तीन वर्षों के लिए पूर्ण नियोक्ता के ईपीएस योगदान का 12 प्रतिशत का भुगतान करके रोजगार सृजन के लिए नियोक्ताओं को प्रोत्साहित करना है और उन बेरोजगार व्यक्तियों के लिए लागू करने का प्रस्ताव है जो अकुशल और अर्ध कुशल हैं। इससे पहले, प्रधानमंत्री रोजगार प्रोत्साहन योजना (PMRPY) के तहत सरकार द्वारा नियोक्ता के योगदान का 8.33 प्रतिशत प्रदान किया जा रहा था। यह योजना 31 मार्च 2022 को समाप्त हो गई है .

Pradhan Mantri Rojgar Protsahan Yojana Features

• The PMRPY primarily offers incentives to employers already registered with EPFO who create jobs.
• It includes a provision for the government to contribute 3.67% towards the EPF for the textile industry.
• Eligibility criteria apply to employers creating jobs for new employees.
• PMRPY aims to stimulate job creation among employers.
• It facilitates employment opportunities for a considerable number of workers.
• One of its key features is extending social security benefits to workers in organized sectors.

Pradhan Mantri Rojgar Protsahan Yojana Benefits

• This scheme extends the social security benefits of the organized sector to workers.
• It incentivizes employers to expand their workforce.
• Implementation of this scheme results in increased job opportunities for a significant number of workers.

Pradhan Mantri Rojgar Protsahan Yojana Eligibility

• The establishment must be registered with EPFO under the EPF Act of 1952 and possess a valid Labour Identification Number (LIN).
• A valid organizational PAN is required for the establishment.
• The establishment must hold a valid bank account, the details of which must be provided for payment transactions.
• ECR submission for the month of March 2016 is mandatory for the establishment.
• The establishment should have increased its employee count on or after April 1, 2016.
• For new establishments registered after April 1, 2016, all new employees can be covered, provided they meet necessary conditions.
• The deadline for beneficiary registration through an establishment under PMRPY was March 31, 2019.

Beneficiaries Covered Under PMRPY

This table outlines the financial benefits and the number of establishments and beneficiaries covered under the PMRPY for the textile sector upto March 31, 2022.

Scheme	(PMRPY)	(PMPRPY) – For Textile Sector
Financial Benefits	Rs.92,53,20,45,358/-	Rs.23,96,73,353/-
Establishment	01,52,900	802
Covering beneficiaries	01,21,69,960	02,69,044

• Financial Benefits:
  • Rs.92,53,20,45,358 : This represents the total amount of financial benefits provided under the PMRPY scheme for the textile sector.
  • Rs.23,96,73,353 : This amount likely refers to the financial benefits provided in a specific time period or for a specific category of beneficiaries within the textile sector.
• Establishment:
  • 01,52,900 : This indicates the total number of establishments within the textile sector that have availed the benefits of the PMRPY scheme.
  • 802 : This may represent the number of establishments that have availed the benefits within a particular region or category.
• Covering Beneficiaries:
  • 01,21,69,960 : This denotes the total number of beneficiaries covered under the PMRPY scheme within the textile sector.
  • 02,69,044 : This could represent the number of beneficiaries covered within a specific time period or category, such as new employees hired after a certain date.

Pradhan Mantri Rojgar Protsahan Yojana Apply Online

The online application process for the Pradhan Mantri Rojgar Protsahan Scheme (PMRPY) has been closed effective from March 31, 2022. As of this date, no further applications are being accepted for this scheme.

Conclusion

The Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) initiated in August 2016 encourages EPFO-registered employers to create jobs by covering the full employer contribution to EPS and EPF for new employees with a new UAN. Despite concluding on March 31, 2022, PMRPY’s impact in promoting job opportunities and providing social security benefits to workers remains significant.

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