Q. Consider the following statements regarding the Pradhan Mantri Viksit Bharat Rozgar Yojana:
1.It is implemented under the Ministry of Labour and Employment and aims to support creation of over 3.5 crore jobs in two years.
2.The scheme provides incentives only to employees already working for more than 2 years.
3.The incentive is equal to one-month EPF wage up to Rs. 15,000, disbursed in two installments
4.Eligible employees under the scheme must have salaries up to Rs. 50,000 per month.
Which of the statements given above are correct?

[A] 1 and 2 only

[B] 1 and 3 only

[C] 2 and 4 only

[D] 3 and 4 only

Answer: B
Notes:

Explanation:

  • Statement 1 is correct: The scheme is implemented by the Ministry of Labour & Employment and aims to generate 3.5 crore jobs in 2 years.
  • Statement 2 is incorrect: The scheme targets first-time employees entering the formal sector, not those already working for more than 2 years.
  • Statement 3 is correct: Eligible employees receive an incentive equal to one-month EPF wage (up to Rs. 15,000), disbursed in two installments (after 6 and 12 months) and conditional on completing a financial literacy programme.
  • Statement 4 is incorrect: Salary eligibility under the scheme is up to Rs. 1 lakh per month, not Rs. 50,000.

Source- PIB

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