The Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) was launched in ________.
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → 2016
The Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) was announced in the Union Budget 2016-17 and launched by the Ministry of Labour and Employment in 2016. To encourage employers to create new jobs in the formal sector, the government paid the employer's 8.33% pension (EPS) contribution for new employees; from April 2018 it paid the employer's full 12% contribution.