Introduction

Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) is a flagship scheme of the Government of India that was launched in August 2016. The scheme is aimed at incentivizing employers for promoting employment generation in the organized sector by contributing to the Employees’ Pension Scheme (EPS) of the Employees’ Provident Fund Organisation (EPFO). The scheme provides for an 8.33% contribution of the employer’s share of the EPF contribution for all new employees enrolling in the EPFO for the first three years of their employment. The scheme is applicable to all establishments registered with the EPFO and employing up to 100 employees. The scheme is expected to benefit over 3.5 crore workers in the organized sector. This article provides an overview of the PMRPY scheme, its objectives, eligibility criteria, benefits, and implementation.

Know Every Thing About Pradhan Mantri Rojgar Protsahan Yojana(PMRPY) Plan Scheme

Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) is a scheme launched by the Government of India in August 2016 to incentivize employers for the employment of new workers in the organized sector. The scheme is aimed at encouraging employers to provide employment to new workers, especially those who are from economically weaker sections of the society.

Under the scheme, the government provides an incentive of 8.33% of the employer’s contribution to the Employees’ Provident Fund (EPF) for the first three years of employment of new employees. This incentive is applicable to all new employees who are employed between 1st April 2016 and 31st March 2019 and who have a salary of less than Rs. 15,000 per month.

The scheme also provides an additional incentive of 12% of the employer’s contribution to the EPF for the first three years of employment of new employees who are women, belong to the Scheduled Castes/Scheduled Tribes, or are physically challenged.

The scheme is applicable to all establishments registered with the Employees’ Provident Fund Organisation (EPFO) and the Employees’ State Insurance Corporation (ESIC). The scheme is also applicable to establishments registered with the National Pension System (NPS).

The scheme is expected to benefit more than 1.25 crore workers in the organized sector. It is expected to create more than 1.5 crore new jobs in the organized sector. The scheme is expected to reduce the burden of the employers in terms of providing employment to new workers.
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What Is Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) : PMRPY is an incentive scheme plan for establishments for generating new employment. Simply the main aim of PMRPY is to bring more employees in employee provident fund scheme. For all those organizations the government of India will pay 8.33% pension contribution.

In general employer will pay 12% of employee PF contribution and 13.36 % of employer contribution every month. This 13.36% consists 3.67% of PF and 8.33 % of pension and remaining is administration charges.

As per PMRPY scheme establishments who brings new employment after 31 March 2016 will get this benefit i.e employers don’t need to pay 8.33% of pension contribution to their employees. This amount will be paid by central government of India.

Read : HR Generalist Job Description

Pradhan Mantri Rojgar Protsahan Yojana Eligibility Criteria

The eligibility criteria for establishments will be explained with an example. For example a company named XYZ Pvt Ltd filled an ECR statement for 50 employees in March 2016. In April 2016 there are new 20 employees joined in that establishments. For those 20 employees the government of India will pay 8.33% of contribution i.e employer doesn’t need to pay 8.33% of pension contribution. Only 3.67% will be deposited by employer in PF fund.

This scheme is eligible for employees who didn’t have any PF account or UAN number in their life time and whose monthly wage is less than 15000 Rs. Only those new employees prior to 1 April 2016 are only eligible for Pradhan Mantri Rojgar Protsahan Yojana scheme.

For new establishments who were registered after 1 April 2016 all employees will eligible for this scheme, but remember this scheme is applicable to employees who didn’t have any previous PF account.

Note : This scheme is valid for 3 years i.e up to 2019 -2020. The govt of India will pay the 8.33% of pension contribution for 3 years only.

For textile industries the entire employer contribution of 12 % ( 8.33% + 3.67%) will be paid by central government of India under Pradhan Mantri Rojgar Protsahan Yojana ( PMRPY ) scheme.

How To Make Payment Under Pradhan Mantri Rojgar Protsahan Yojana Scheme

In order to make payment employers need to login to PMRPY portal https://pmrpy.gov.in/pmrpy/ with LIN number generated in Shram Suvidha Portal or EPFO Code and with respective password. If employer uses LIN ( Labour Identification Number) then they have to use shram suvidha poral Password, if they use EPFO code number then they have to use EPFO employer poral to login to PMRPY portal. After first time login employers need to register under Pradhan Mantri Rojgar Protsahan Yojana portal. All the details regarding new employees should be entered before 10th of every month.

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Know Every Thing About Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) Plan Scheme

The Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) is a scheme launched by the Government of India in August 2016 to incentivize employers for promoting employment. The scheme is aimed at incentivizing employers for promoting employment by contributing to the Employees’ Pension Scheme (EPS) of the Employees’ Provident Fund Organisation (EPFO). The scheme is applicable to all establishments registered with the EPFO.

Objectives of PMRPY

To incentivize employers for promoting employment.
To encourage employers to make additional new employment.
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Introduction