EPFO- Update – Employer Contribution i.e. 8.33% + 3.67% will be Paid by Government of India under Pradhan Mantri Rojgar Protsahan Yojana (PMRPY)

Govt. of India, Ministry of Labour & Employment, Directorate General of Employment, Pradhan Mantri Rojgar Protsahan Yojana (PMRPY), a scheme to incentivise employers registered with the Employees Provident Fund Organisation (EPFO) for job creation by the Government paying the 8.33% contribution of employers to the Employee Pension Scheme (EPS) in respect of new employees having a UAN. For the textile (apparel) sector, the Government will also be paying the 3.67% Employees Provident Fund (EPF) contribution of the eligible employer for these new employees. The Scheme will be operational with effect from 09″ August, 2016,Establishment Eligible for this Scheme.

  • New Establishments getting registered with EPFO after 01st April, 2016.

          Employees Eligible for this Scheme.

  • New employee, is an employee earning less than Rs. 15000 per month, who was not working in any establishment registered with the EPFO in the past and did not have a universal account number prior to 01st April, 2016

         All eligible establishments registered with EPFO can apply for availing benefits under the scheme subject to the            following conditions:

  1. Establishment Registered with the EPFO should also have a Labour Identification Number (LIN) allotted to them under the shram suvidha portal. The LIN will be the primary reference number for all communication to be made under the PMRPY scheme.
  1. The employers will continue to get the 33% contribution paid by the Govt. for these eligible new employees for the next 3 years, provided they continue in employment by the same employer. The 8.33% contribution will be paid by GOI after the employer has remitted the 3.67% EPF contribution for these new employees each month. To avoid any penalty on the EPF/EPS contribution, the employer is advised to submit the PMRPY online form at the earliest, preferably by the 10th of the following month.
  1. In case of textile (apparel) sector, the employers are also eligible to get the67% EPF contribution paid by the Government as mentioned in the PMRPY on-line form, in particular NIC Codes 1410 and 1430.

          Textile Industry : Garments Exports, Manufacturing of Fashion Garments ,Wearing Garments etc

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>