New Delhi, January 8: Who says Modi government has not lived up to their promise of creating job opportunities for the youth? Implementing the Pradhan Mantri Rojgar Protsahan Yojana in 2016, the Modi government gave a boost to formal employment scripting a success story of benefitting 98.38 lakh people from the scheme with the highest number of beneficiaries coming from Maharashtra.
Answering questions in the Lok Sabha, Union Minister Santosh Kumar Gangwar said, “The scheme is targeted for employees earning upto Rs. 15,000 per month. This scheme has a dual benefit, where, on the one hand, the employer is incentivised for increasing the employment base of workers in the establishment, and on the other hand, these workers will have access to social security benefits of the organized sector”.
Under the scheme, it has been notified that, the government pays 8.33% of employee contribution towards Employee Pension Scheme (EPS). The government also pays 3.67% of Employees Provident Fund (EPF) contribution for new employees.
Basically the PMRPY scheme is targeted at people working in Micro, Small and Medium Enterprises (MSMEs) and having a low salary. So far, the unorganized sector dominated low paying jobs in the country. The employees in the unorganised sector were generally vulnerable to emergency and they also lacked provision of social security. Modi government is trying to formalize the economy with steps like demonetization, GST implementation, and EPFO.
Maharashtra tops the list of employees getting the benefit at 17,46,468, with total subsidised amount standing at Rs 5,47,06,12,241. It is followed by Tamil Nadu with 11,77,433 employees getting the total subsidised benefit of Rs 3,81,60,56,107. Maharashtra also tops the list of establishments getting the benefit at 14,193 followed by Tamil Nadu at 13,527.
This comes as a major jolt to all the opposition parties who tried to project that PM Modi was against the benefits of farmers failed in their narrative as Modi government doubled the MSP to the agricultural products. Later, the opposition tried their hands by projecting people are angry with PM Modi’s leadership but the Prime Minister’s masterstroke of allotting 10 percent reservation in jobs and education to the economically backward upper caste Indians backfired on the opposition.