PMRPY scheme was started to incentivise employers for generation of new employment wherein the Government of India pays the employer’s contribution of Employees’ Pension Scheme (EPS) for the new employment
Under the scheme, the government was paying the employers’ contribution of 8.33 percent of wages to the Employees’ Pension Scheme (EPS) for new employees having a new Universal Account Number (UAN) and who joined on or after April 1, 2016 with salary up to Rs 15,000 per month — for first three years
The PMRPY scheme was started in August 2016
The scheme is aimed at incentivising increasing the employment base of workers in the establishments and facilitate access to social security benefits of the organised sector
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