The Cabinet Committee on Economic Affairs has approved the increase in the scope of Pradhan Mantri Rojgar Protsahan Yojana / Pradhan Mantri Rojgar Protsahan Yojana (PMRPY). The central government will now contribute to the full admissible contribution of the employee for 3 years before the registration date of the new employee. All informal sector employees will get social security and consequently create employment. Candidates can see the guidelines, user manual, process and application form on the official website of Pradhan Mantri Rojgar Protsahan Yojana / Pradhan Mantri Rojgar Protsahan Yojana (PMRPY).
Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) can help in your business. Under PMRPY, the government will contribute EPF and EPS (12%) of the workers engaged in your business for three years. So far, 31 lakh beneficiaries have joined formal employment in PMRPY, on which the government has contributed more than Rs 500 crore.
Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) has been created according to the young educated population of the country who are unemployed. If you also want to start your own business, then you can get the EPF and ESI of your worker’s help from the government.
Process to be followed
- Employers are to Login to the PMRPY portal using their LIN/EPFO registration ID.
- Enter the organisational details that are required as per the format including the Organisational PAN. It is necessary to mention the nature of industry/sector as per National Industrial Classification Code NIC-2008, maintained by the Ministry of Statistics & Programme implementation.
The appropriate NIC code is determined/ assessed by the value added by production of different products and services or net revenue derived from various activities, i.e. the industry code of the primary manufactured product (output) of that establishment. In case of multi-product establishments, the appropriate NIC code is determined by the category of the product contributing the maximum value added for the establishment. Where such assessment is not possible, classification may be done in terms of gross revenue attributed to the products, or services of the establishments, the number of persons employed for various activities. - The employment to be covered under the Scheme would comprise new employment for workers earning wages less than Rs. 15,000/- 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.
- The submission of the form will be determined by the employer having paid the EPS & EPF contribution in respect of these new employees.
For the scheme guidelines, click here.
Objective of Prime Minister Employment Promotion Scheme (PMRPY): –
- If you start your business, the government will deposit the total amount of your contribution in EPF and EPS for the people working in it. The scheme was launched in the year 2017, which was revised in April 2018.
- After this, the central government will contribute 12% for the new employer to EPF and EPS for three years.
- Under this, the government will contribute 8.33 percent of the salary in the EPS for the new employees opening accounts in EPFO. This will increase the employer’s interest in having new employees in the SME sector and providing them the benefit of PF.
Benefits of Pradhan Mantri Rojgar Protsahan Yojana (PMRPY): –
- All enterprise businesses registered with EPFO have to take Labor Identification Number / Labor Identification Number (LIN) for this.
- You can go to https://shramsuvidha.gov.in/home to get LIN.
- The new Employee should have an Aadhaar-linked Universal Account Number (UAN).
- The salary of the new employer should not exceed Rs 15,000 per month.
- Your enterprise should register with EPFO after April 1, 2016.
- In this, you have to deposit 3.67% of salary every month as EPF contribution.
- Employee will have to contribute to EPF for this.
Source : Website of PMRPY