Beneficiaries under PMRPY cross 1-crore mark

The government Thursday said the number of employees benefiting from the Pradhan Mantri Rojgar Protsahan Yojana (PMRPY), the scheme for generating new employment by incentivising employers, has crossed the 1-crore mark.

Under the scheme, the government is paying full employers' contribution of 12 per cent (towards EPF 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 April 1, 2016, with salary up to Rs 15,000 per month.

"PMRPY, the flagship scheme of the Central government for employment generation, has crossed the milestone of one crore beneficiaries as on January 14, 2019," the labour ministry said in a statement.

PMRPY was announced on August 7, 2016, and is being implemented by the Ministry of Labour and Employment through the Employees' Provident Fund Organisation (EPFO).

"During 2016-17, 2017-18 and 2018-19 (up to January 15, 2019), 33,031, 30,27,612, and 69,49,436 beneficiaries, ...