For Quick Alerts
For Daily Alerts

PM Rojgar Protsahan Yojana Benefits 1 Crore Employees


The flagship programme launched to benefit employees through incentising employers has since its launch benefited 1 crore employees by providing 12% contribution on behalf of employers towards EPF and EPS scheme for a period of 3 years for those who become EPFO member as on or after April 1, 2016 and have a salary of up to Rs. 15,000 per month.

PM Rojgar Protsahan Yojana Benefits 1 Crore Employees

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

"During 2016-17, 2017-18 and 2018-19 (up to January 15, 2019), 33,031, 30,27,612, and 69,49,436 beneficiaries, respectively, have been enrolled with EPFO under PMRPY. The number of establishments who have benefitted during the implementation of the scheme is 1.24 lakh," the statement said. It said the entire system is online and Aadhaar-based with no human interface in the implementation of the scheme.

"PMRPY has a dual benefit - on the one hand the employer is incentivised for increasing the employee base in the establishment through payment of EPF contribution of 12 per cent of wage, which otherwise would have been borne by the employer and on the other hand, a large number of workers find jobs in such establishments. "A direct benefit is that these workers have access to social security benefit through provident fund, pension and death-linked insurance. The last date for registration of beneficiaries through an establishment under the PMRPY is March 31, 2019," it added.

Read more about: pmrpy epf pension insurance
Story first published: Friday, January 18, 2019, 10:31 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more