The Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) was launched by which Ministry of Government of India in the year 2016?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Ministry of Labour and Employment.
The Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) was launched in 2016 by the Ministry of Labour and Employment, Government of India. The scheme aims to incentivize employers to generate new employment by paying the Employer’s contribution towards the Employees’ Provident Fund (EPF) and Employees’ Pension Scheme (EPS) for new employees. It encourages formal employment, particularly in the organised sector, and helps in reducing unemployment while promoting social security for workers.