Pradhan Mantri Paridhan Rojgar Protsahan Yojana
Q. Under Pradhan Mantri Paridhan Rojgar Protsahan Yojana, how much of the share of employee's contribution of EPF will the Ministry of Textiles bear, in addition to 8.33%?- Published on 04 Aug 17
a. 3.47 percent
b. 3.57 percent
c. 3.67 percent
d. 3.77 percent
ANSWER: 3.67 percent
Under Pradhan Mantri Paridhan Rojgar Protsahan Yojana (PMPRPY), Ministry of Textiles will bear additional 3.67% share of the employer’s contribution of the Employers Provident Fund Scheme in addition to the 8.33% already covered under Pradhan Mantri Rojgar Protsahan Yojana (PMRPY).
This is for all new employees of apparel and made-up units enrolling in EPFO, for the first three years of their employment.
The Government has allotted INR 30 crores to the Ministry of Labour for FY 2016-17 and has made a provision of INR 200 crores for FY 2017-18.
As on 19.05.2017, 492 units have been registered under PMPRPY, which is reported to cover 1,82,400 new workers.