Question : Which of the following options best describes the objective of the Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) Scheme 2016?
Option 1: To provide financial assistance to entrepreneurs.
Option 2: To provide free healthcare services to the unemployed.
Option 3: To provide employment opportunities for rural women.
Option 4: To encourage employers to create new jobs.
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Correct Answer: To encourage employers to create new jobs.
Solution : The correct answer is to encourage employers to create new jobs.
The Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) is aimed at incentivizing employers to generate employment, where the government pays the employer's employee pension scheme share of 8.33% for new employees for the first three years of their job. The scheme was launched in 2016. It operates under the Employees Provident Fund Organisation.
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