The Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) is a scheme launched by the Government of India to incentivize employers for promoting employment generation in the country.
The scheme aims to encourage employers to increase the employment base of the country by providing them with financial incentives. The scheme is targeted towards the organized sector and covers certain specific sectors such as textiles, leather, and footwear, among others.
Under PMRPY, the government provides an 8.33% contribution to the Employees’ Pension Scheme (EPS) of the Employees’ Provident Fund Organization (EPFO) for new employees in the eligible sectors who are earning less than 15,000 rupees per month. The scheme is also applicable for the employee who are working in the establishment for less than 60 months.
The scheme also provides for a one-time incentive for employers for the registration of new employees under the Employees’ Provident Fund (EPF) and Employees’ Pension Scheme (EPS) of the EPFO.
To be eligible for the scheme, employers will need to register on the official portal of the scheme and provide basic information about their business.
The registration process will require employers to provide basic information about their business, such as the company name, PAN, GST number, etc.
Once the registration is complete, employers will be able to claim the incentives provided under the scheme by submitting the relevant documentation and proof of compliance with the scheme’s guidelines.
Please note that the scheme is subject to change and the guidelines may vary based on the government’s policy. It is recommended to check the official website for the latest information and updates.
How To Apply PMRPY Scheme
To apply for the Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) scheme, employers will need to complete the following steps:
- Register on the official portal of the scheme, which is operated by the Ministry of Labour and Employment.
- Provide basic information about their business such as company name, PAN, GST number, etc.
- Submit the relevant documentation, including proof of compliance with the scheme’s guidelines.
- Claim the incentives provided under the scheme
- Make sure your company is providing new employment and not for existing employee
- Keep in mind that the scheme is for certain sectors and for certain number of employees, check the guidelines and eligibilities before applying.
It is important to note that the scheme is subject to change and it’s guidelines may vary based on the government’s policy. So, it’s advised to check the official website for the latest information and updates.