



Study with the several resources on Docsity
Earn points by helping other students or get them with a premium plan
Prepare for your exams
Study with the several resources on Docsity
Earn points to download
Earn points by helping other students or get them with a premium plan
Community
Ask the community for help and clear up your study doubts
Discover the best universities in your country according to Docsity users
Free resources
Download our free guides on studying techniques, anxiety management strategies, and thesis advice from Docsity tutors
The pradhan mantri rojgar protsahan yojana (pmrpy) is an indian government initiative launched in august 2016, aimed at incentivizing employers to generate new employment by offering to pay the employer's 12% contribution towards employees' provident fund (epf) and employees' pension scheme (eps) for new employees. Eligible employers, registered with the employees' provident fund organization (epfo) and having a labour identification number (lin), pan, and valid bank account, can apply for the benefits. New employees who joined on or after april 1, 2016, and whose salary is less than inr 15,000 per month, are eligible. Employers must submit the pmrpy form by the 10th of the following month to avail of the benefits.
Typology: Schemes and Mind Maps
1 / 7
This page cannot be seen from the preview
Don't miss anything!
The Pradhan Mantri Rojgar Plfotsahan Yojana(PMRPV) Plan
Scheme has been designed to incentivize employers for generation of
new employment, where Government of India will be paying the 12%
contribution of the employer for the new employment. The Scheme is
operational from August 2016
The Government will fully contribute Employer’s 12% under EPF &
MP act w.e.f 1-4-2018, earlier only 8.33% of Employer’s contribution
towards EPS was paid by Govt.
Last date of registration by Employers under the scheme is 31
st
March 2019
The Scheme will be in operation for a period of 3 years. Hence, the
employers will continue to get the 8.33% contribution paid by the
Government for these eligible new employees for the next 3 years,
provided they continue in employment by the same employer.
New employees should have joined on or after 1-4-
Should not have been regular employee of EPFO registered
establishment, he/she should be fresh employee
Who did not had UAN prior 1
st April 2016
Salary should be less than ₹15000 15000
Validation of new employees
The employment to be covered under the Scheme would comprise
new employment for workers earning wages less than ₹1500015,000/- per
month. The description of the post (job role) for the new employment
needs to be specified along with the date of joining and date of exit, if
applicable.
PMRPY form should be submitted by eligible employers at the end of
each month, preferably by the 10th day of the following month.
In case the employer does not submit the information on-line on the
PMRPY form by 10th of the following month, he will not be eligible
for availing benefits under the PMRPY Scheme for that month.