Updated By: LatestGKGS Desk
Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) Features, Objectives, Achievements
In 2016 Prime Minister Narendra Modi launched a scheme called Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) has now been in a flow and have a speed in growth.
In 2017 at the end of July 6,600 establishment are done under the scheme.
The scheme benefits up to over 3 lakh one year after it launches but by March 2018 there was a great jump and latest figure is 85lakhs.
Under this scheme Government 12% of basic pay that is employers entire contribution towards employees provident fund for workers earning less than 15 thousand per month.
When the budget of 2018-19 came into effect and increased government EPF contribution to 12% from 8.33% and extend the scheme to all sectors.
Textile sector to has 12% scheme that is Pradhan Mantri Paridhan Rozgar Protsahan Yojana.
The textile scheme itself meant to create 1crore jobs achieve $30 billion in the export of textile and garments.
Employment Intensive sectors have an investment of Rs 74000.
While nowadays this PMRPY scheme has speed in its growing number of workers who get benefited under this scheme was just 2.7lakhs.
The scheme is successful because it converts informal work to formal work by giving them much needed social security safety net.
