Under this scheme, a small amount of money is allocated to each eligible person to start a business. This scheme is regulated by the Development Commissioner and aims to provide workers with social security benefits similar to those offered in the organised sector. The government also pays for employer contributions to EPF and EPS.

The Pradhan Mantri Yojana Is A Government Scheme For Providing Financial Assistance To Unemployed People

The government also aims to discourage black money. This was done as part of its plan to encourage more economic support features. It is also aimed at reducing financial burdens associated with studying. The central government plans to support young people in becoming entrepreneurs. By removing legal 500 and 1,000 notes from circulation, the government hopes to help more people get started in business. The Pradhan Mantri Yojana is an important step toward the overall economic development of the country.

The scheme was introduced to address the issue of unemployment and inefficiency in generating employment. The government has designed the scheme with two benefits and incentives for employers. It will pay 8.33% of a worker’s salary as the Employment Pension Scheme (EPS), which was a prior responsibility of the employer. The scheme will benefit low-income workers, who are likely to be those making less than fifteen thousand rupees per month.

The government has also mandated the availability of toilets in houses. The PMAY also instructs urban local bodies to provide basic services. It requires basic structural safety and compliance with relevant BIS and National Building Code (NBC).

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