What incentives are provided under Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) for employers to create new employment in the country? (Answer limit: 50 words, Marks 05) [RPSC 2023]
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Under the Pradhan Mantri Rojgar Protsahan Yojana (PMRPY), the government provides incentives like reimbursement of employer’s EPF contributions for new employees for three years. This aims to encourage employers to create new jobs, reduce labor costs, and promote formal employment in the country, boosting overall economic growth.