Which Ministry of India launched the Pradhan Mantri Rojgar Protsahan Yojana (PMRPY)?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Ministry of Labour & Employment.
The Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) was launched by the Ministry of Labour & Employment, Government of India. This scheme aims to incentivize employers for generating new employment opportunities by providing financial support towards the employer’s share of the Employees’ Provident Fund (EPF) contributions for new employees. The objective is to encourage businesses to create more jobs, particularly for the youth, and promote formal employment in the organized sector. PMRPY plays a crucial role in boosting job creation and supporting economic growth through employment generation.