Scheduled Commercial Banks can also become sponsors of PFs (See 'Corp Brief') MNRE assures full support to IREDA in its growth journey (See 'Corp Brief') IBC - Non- stamping or insufficient stamping of one of documents relied upon by creditor does not impede initiation of insolvency resolution process, which differs from enforcement action: NCLT (See 'Legal Desk') MoD records significant progress in implementing wide-ranging reforms (See 'Corp Brief') Lower CNG, PNG Prices to ease household and transport fuel costs: Govt (See 'Corp Brief') IBC - Penalty can be levied if lapses demonstrated non-compliance with statutory and regulatory obligations incumbent on IP, undermining interests of stakeholders and integrity of insolvency process: IBBI (See 'Legal Desk') DFS successfully concludes nationwide campaign - Your Money, Your Right (See 'Corp Brief') Chouhan on a three-day visit to Maharashtra (See 'Corp Brief') DoP & SIDBI sign MoU for Contact Point Verification of Informal Micro Enterprises (See 'Corp Brief') Competition Law - Practice of tying the sale of urea with other fertilizer products amounts to agreement that causes or is likely to cause an appreciable adverse effect on competition in India, thereby contravening Sec 3 of Competition Act: CCI (See 'Legal Desk') NICDC Logistics Data Services completes 10 Years of Operations in Logistics Data and Digital Systems (See 'Corp Brief') PM to inaugurate exposition of sacred Piprahwa Relics on 3rd Jan, 2026 (See 'Corp Brief') WAVES Bazaar, One Stop Portal for Showcasing India's Creative Talents (See 'Corp Brief') Competition Law - Control over DCE compatibility & restrictive contractual conditions could effectively make exhibitors/producers captive customers of specific post-production processors, harming competition: CCI (See 'Legal Desk') We will be able to run Vande Bharat train through Mangaluru route: Vaishnaw (See 'Corp Brief') President of India to confer AI Certificates (See 'Corp Brief') Negotiable Instruments Act, 1881 - Summoning order quashed where complaint lacks specific averments regarding petitioner's direct involvement in issuance of dishonored cheques: HC (See 'Legal Desk') DFS Secy highlights key initiatives for deepening digitisation of tribunals (See 'Corp Brief') Framework for professionalized Sports Governance being constructed (See 'Corp Brief') Negotiable Instruments Act, 1881 - merely being Director in company is per se not enough to establish vicarious liability under Section 141 of the Act, without clear allegations of role in company's affairs: HC (See 'Legal Desk') NHAI signs MoU with National Test House to Strengthen Quality Assurance in Highway Projects (See 'Corp Brief') PMLA - Fact that property is retransferred to the beneficial owner after completion of purpose for which it was given to benamidar, provisions of PBPT Act are attracted and it does not exonerate any party to benami transaction: SAFEMA (See 'Legal Desk') DoT extends Pro-Tem Security Certification Scheme for two years from 01-01-2026 (See 'Corp Brief') PMLA - Even if predicate offences were not directly linked to appellants, ingredients of money laundering under PMLA could still apply as per settled legal precedent: SAFEMA Tribunal (See 'Legal Desk') PMLA - Attachments of even bank balances can be sustained if enforcement agency satisfies statutory scheme and evidentiary requirements: SAFEMA Tribunal (See 'Legal Desk') Joshi releases Indian Standard for Electric Agricultural Tractor (See 'Corp Brief') IPR - Generic or commonly descriptive word can never become trade marks on their own as they never acquire distinctiveness or a secondary meaning: HC (See 'Legal Desk') NTH signs MoU with DRDO's DMSRDE for research, testing and training collaboration (See 'Corp Brief') IPR - Kohinoor's trademark registrations in Delhi and marketing agreement executed between parties in Delhi were sufficient to vest territorial jurisdiction in Court: HC (See 'Legal Desk')

1.2 crore benefited under PM Rojgar Protsahan Yojana

Published: Dec 07, 2021

By TIOLCorplaws News Service

NEW DELHI, DEC 07, 2021: GOVERNMENT is implementing Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) since 2016 with the objective to incentivise employers for creation of new employment and also aimed to bring informal workers to the formal workforce. Under the scheme, Government of India is paying Employer's contribution i.e. 12% for a period of three years to the new employees earning wages less than or equal to  Rs. 15,000/- through EPFO.

The terminal date for registration of beneficiary through establishment was 31st March 2019. The beneficiaries registered upto 31st March, 2019 will continue to receive the benefit for 3 years from the date of registration under the scheme i.e. upto 31st March, 2022.The scheme was estimated to benefit 20 lakh beneficiaries. As on 27th November, 2021, benefit has been provided to 1.21 crore beneficiaries through 1.53 lakh establishments. 

 Campaigning for increasing the awareness about the scheme was done through various modes of media, including the website of EPFO. Besides this, to increase the awareness among employers and employers' associations, a number of seminars and meetings were also conducted.

This Information was given by the Minister of State for Labour and Employment, Rameswar Teli, in a written reply in Lok Sabha yesterday.

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