New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Which of the following options is incorrect about

    “Pradhan Mantri Rojgar Protsahan Yojana”?
    A It was launched in 2016 by the Ministry of skill development and Entrepreneurship. Correct Answer Incorrect Answer
    B The objective is to incentivise employers for the creation of new employment. Correct Answer Incorrect Answer
    C It also aimed to bring informal workers to the formal workforce. Correct Answer Incorrect Answer
    D Under the scheme, the Government of India is paying the 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. Correct Answer Incorrect Answer

    Solution

    Explanation: The government is implementing Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) since 2016 with the objective to incentivise employers the creation of new employment and also aimed to bring informal workers to the formal workforce. Under the scheme, the 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.

    Practice Next

    Relevant for Exams: