New Delhi, Mar 13 (KNN) The new employees and new companies have time till March 31, 2019 to get registrations done on the Prime Minister Rozgar Protsahan Yojana (PMRPY) in order to avail benefits. After the deadline ends, the benefits under the scheme will no longer we available.

According to the sources, "The New Employee and New company Registrations on PMRPY portal will be disabled from April 01, 2019 which means that the employee to join on or before 31/03/2019 needs to be registered immediately on PMRPY portal, else the benefits will laps later. Like wise, an Employer also has to get registered on PMRPY before 31/03/2019."

The already registered employees will be benefited for 03 years since joining, the source added.

According to the notification on the PMRPY's website in order to take advantage of PMRPY, the last date to get registered with an establishment covered under Employees' Provident Fund Organization (EPFO) is March 31, 2019.

Making the amendments in the guidelines of PMPRY, the Ministry of Labour and Employment in a notification had said last year that, “Government of India will pay the full employer's contribution (EPF and EPS both) with effect from April 1, 2018 for a period of three years to the new employees and existing beneficiaries for their remaining period of three years through EPFO.”

The terminal date of registration of beneficiary though an establishment is March 31, 2019, it added.

The PMRPY has been designed to incentivize employers for generation of new employment, where Government of India will be paying the full employer's contribution towards EPF & EPS both w.e.f 01.04.2018 (earlier benefit was applicable for employer's contribution towards EPS only) for the new employment.

This scheme has a dual benefit, where, on the one hand, the employer is incentivized for increasing the employment base of workers in the establishment, and on the other hand, a large number of workers will find jobs in such establishments.

A direct benefit is that these workers will have access to social security benefits of the organized sector.

The scheme will be in operation for a period of 3 years and the Government of India will continue to pay the 8.33% EPS contribution to be made by the employer for the next 3 years. That is, all new eligible employees will be covered under the PMRPY Scheme till 2019-20. (KNN/YV)