Business Standard

Budget 2018: Allocation for PMRPY jobs scheme may be halved to Rs 5 bn

FinMin had informed labour ministry of a reduction in budgetary support towards PMRPY to Rs 5 bn in RE


Somesh Jha New Delhi
The finance ministry may likely trim budgetary support towards the Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) scheme, a flagship programme for incentivising job creation, substantially for the present fiscal year in the Union Budget to be presented on Thursday.

Government sources said the finance ministry had informed the labour ministry of a reduction in the budgetary support towards the PMRPY to Rs 5 billion in the Revised Estimates, from Rs 10 billion allocated in the Union Budget 2017-18.

Finance Minister Arun Jaitley had announced the PMRPY in the Union Budget 2016-17 to incentivise employers for boosting employment generation. In this

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First Published: Jan 31 2018 | 5:45 AM IST

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