The Union Minister of State (I/C) for Labour and Employment Santosh Kumar Gangwar has informed the Lok Sabha that 98.38 lakh employees and 1.21 lakh Establishments benefitted from Pradhan Mantri Rojgar Protsahan Yojana (PMRPY), which was launched on 9 August 2016 with the objective to incentivise employers for creation of employment.

Under the scheme, Government of India is paying Employer's full contribution i.e. 12% towards EPF and EPS both (as admissible from time to time) w.e.f. 01 April 2018 for a period of three years to the new employees and to the existing beneficiaries for their remaining period of three years through EPFO.  The terminal date for registration of beneficiary through establishment is 31 March 2019.The scheme is targeted for employees earning upto Rs 15000 per month.

This scheme has a dual benefit, where, on the one hand, the employer is incentivised for increasing the employment base of workers in the establishment, and on the other hand, these workers will have access to social security benefits of the organized sector.