- 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