The Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) is a scheme launched by the Government of India to boost employment generation in the country. The scheme provides financial assistance to employers who hire new employees. It is a major initiative of the government to address the issue of unemployment in the country.
The PMRPY scheme was launched in 2016 and has been successful in generating employment opportunities for millions of people. The scheme provides a subsidy of up to Rs. 8,000 per month for each new employee hired by an employer. The subsidy is paid for a period of three years. This has helped employers to create new jobs and has also encouraged them to hire more employees.