Question : The Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) in India aims to:
Option 1: Provide unemployment benefits to all unemployed individuals.
Option 2: Promote skill development among the rural poor.
Option 3: Provide financial support to start-ups and entrepreneurs.
Option 4: Encourage employers to hire more employees.
Correct Answer: Encourage employers to hire more employees.
Solution : The correct answer is (d) Encourage employers to hire more employees.
The Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) in India aims to encourage employers to hire more employees by providing financial incentives. Under this scheme, the government pays the employer's contribution to the Employee Provident Fund (EPF) and Employee State Insurance (ESI) for new employees hired in certain sectors. The objective is to incentivize formal employment and increase job creation by reducing the financial burden on employers.