Government of India started Pradhan Mantri Rozgar Protsahan Yojana or PMRPY scheme. PMRPY plan scheme is one of the latest schemes for all employers as it motivates them to look for new employment / employees. Authorities from PMRPY plan scheme will see to it that all employers get new employment. And at same time Indian Government pays 8. 33 % EPS contribution. In this way every person benefits.
How does PMRPY scheme work?
According to Pradhan Mantri Rozgar Protsahan Yojana Government of India will pay 8. 33 % EPS contribution. And this contribution is of employer for new employment. Thus there will be best results in the end.
Benefits of PMRPY scheme
First one is that government motivates employer to increase number of employees. Second there will be many people who will get jobs in different companies. Moreover all workers get Social Security benefits. While these benefits are of organised sector only.
Pradhan Mantri Rozgar Protsahan Yojana scheme eligibility
Basically if establishment registers with EPFO then they can apply for PMRPY scheme. While here EPFO full form is Employees Provident Fund Organisation. And to get benefits of PMRPY registration you must follow below conditions –
PMRPY scheme eligibility
- Company who registered with EPFO must have LIN or Labour Identification Number because LIN is primary reference number to communicate under PMRPY scheme
- Employer should add new employees to reference base of workers. Authorities check reference base of workers with number of employees against whom employer deposited 12 %. Here 12 % divides in to 3. 67 % EPF + 8. 33 % EPS
- PMRPY scheme is only for employees who earn less than Rs. 15, 000 monthly
- To avail benefits of this scheme linking of Aadhaar with UAN number is mandatory
Therefore it is better that you link or seed Aadhaar card with EPF. You also must link Aadhaar with UAN account number as this is essential to receive benefits under PMRPY scheme.
PMRPY scheme rules
Employer continues to get 8. 33 % contribution from Government of India. It is only for next three years. However employees should be with same employer. On other hand Indian Government gives 8. 33 % till employer sends 3. 67 % EPF contribution every month.
In case you wish to avoid penalties on either EPS or EPF contribution then it is better that you submit PMRPY form online only. Moreover it is best if you submit this form by 10th of following month. It is so because there would not be any confusion later on.
Employers or companies are completely responsible for information that you give to authorities. So when authorities find that information given is not correct or not true then employer must pay penalties. As authorities take it that EPS payment or EPF payment for textile industry is still pending.
And all penalties are under provisions of The Employees Provident Fund Scheme of 1952. Thus it is better that you be very careful before submitting information using PMRPY online form at PMRPY portal login.
While you first have to do PMRPY registration and have PMRPY log in ID. This way you use PMRPY online form.
Note:
PMRPY scheme is in operation for three years. As a result Indian Government continues to pay 8. 33 % for next three years. While all new eligible employees will be under PMRPY scheme till 2019 – 2020.
You can also read more about process to settle EPF claim using mobile phones.