Question
Consider the following statements regarding “Pradhan Mantri Rojgar Protsahan Yojana”:
Select the correct answer using the code given below:
- It is targeted for workers earning wages up to Rs. 15000
- Government provides employees contribution to the EPF
- Government reimburses the employer contribution of EPS
- The scheme is applicable for the MSME sector only
Select the correct answer using the code given below:
Answer: Option A
Answer: (a)
Employee Provident Fund (EPF) consist of 12% employee salary and 12% is contributed by the employer.
Out of the 12% employer contribution, 8.33% goes to Employee Pension Scheme (EPS). Under Pradhan Mantri Rojgar Protsahan Yojana, the 8.33% employer contribution will be reimbursed by the government to the employer which will motivate the employer to hire more workers.
This scheme is applicable for any sector worker, whose wage is up to Rs. 15000.
Was this answer helpful ?
Answer: (a)
Employee Provident Fund (EPF) consist of 12% employee salary and 12% is contributed by the employer.
Out of the 12% employer contribution, 8.33% goes to Employee Pension Scheme (EPS). Under Pradhan Mantri Rojgar Protsahan Yojana, the 8.33% employer contribution will be reimbursed by the government to the employer which will motivate the employer to hire more workers.
This scheme is applicable for any sector worker, whose wage is up to Rs. 15000.
Was this answer helpful ?
More Questions on This Topic :
Latest Videos
Latest Test Papers
Submit Solution