Question
Download Solution PDFPradhan Mantri Rojgar Protsahan Yojana is being implemented since ______.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is 2016.
Key Points
- Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) was launched in 2016 by the Government of India.
- The primary objective of the scheme is to promote employment generation by providing incentives to employers for generating new employment.
- Under PMRPY, the government pays the employer's contribution of 8.33% towards the Employees' Pension Scheme (EPS) for new employees for the first three years of their employment.
- This scheme aims to provide social security benefits and encourage employers to hire more workers in the formal sector.
- PMRPY is applicable to all sectors, with special focus on the manufacturing and service sectors.
Additional Information
- Pradhan Mantri Shram Yogi Maan-Dhan (PM-SYM)
- Launched in 2019, PM-SYM is a pension scheme for unorganized workers to ensure old age protection.
- It provides a minimum assured pension of ₹3000 per month after the age of 60 years.
- The scheme is available to workers in the age group of 18-40 years with a monthly income of ₹15,000 or less.
- The Life Insurance Corporation (LIC) of India manages the fund and pension payouts.
- Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
- Launched in 2015, PMJJBY is a life insurance scheme providing a life cover of ₹2 lakhs for a premium of ₹436 per annum.
- It is available to individuals aged 18-50 years with a bank account.
- The cover is for one year, renewable from year to year.
- Pradhan Mantri Suraksha Bima Yojana (PMSBY)
- Launched in 2015, PMSBY is an accidental insurance scheme providing a cover of ₹2 lakhs for accidental death and full disability.
- It is available to individuals aged 18-70 years with a bank account for a premium of ₹12 per annum.
- The cover is for one year, renewable from year to year.
- Ayushman Bharat - Pradhan Mantri Jan Arogya Yojana (AB-PMJAY)
- Launched in 2018, AB-PMJAY is the world's largest government-funded health assurance scheme.
- It provides health cover of ₹5 lakhs per family per year for secondary and tertiary care hospitalization.
- The scheme targets more than 10 crore poor and vulnerable families (approximately 50 crore beneficiaries).
Last updated on Jun 12, 2025
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