It is being implemented by the Ministry of Labour and Employment and is operational since August, 2016. It was launched for incentivising employers for generation of new employment. The Government of India will pay the entire employer’s contribution (12 per cent or admissible contribution) towards the Employees’ Provident Fund (EPF) and the Employees’ Pension Scheme (EPS) for all eligible new employees for all sectors for 3 years.
- All new eligible employees will be covered under the PMRPY Scheme till 2019-20.
- All establishments registered with EPFO i.e. Employees’ Provident Fund Organisation can apply for availing benefits under the scheme subject to the certain conditions.
- Employees who are earning wages less 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube