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3) Pradhan Mantri Rojgar Protsahan Yojana has managed to increase formalization in existing companies. Examine.(250 words)

Topic -Government policies and interventions for development in various sectors and
issues arising out of their design and implementation.

3) Pradhan Mantri Rojgar Protsahan Yojana has managed to increase formalization in existing companies. Examine.(250 words)

Financial express

Why this question

Government schemes are important for mains. There can either be a direct question on schemes or information about schemes can help in preparing filler material for answers. The article highlights the role played by PMRPY in increasing formalization in economy, which is a major gain and hence needs to be prepared.

Key demand of the question

Here, the first demand of the answer is to bring out the problem being faced currently – that of informalization of workforce and the issues faced along with it. Thereafter, we need to explain PMRPY and how it helps in tackling the issue of informalization of workforce. Next, we have to explain the impact of PMRPY and suggestions as to how to make it more effective.

Directive word

Examine – When you are asked to examine, you have to probe deeper into the topic,  get into details, and find out the causes or implications if any.

Structure of the answer

Introduction – Highlight the findings of Arjun Sengupta committee which highlighted the level of informalization of workforce in Indian economy.

Body

  • Discuss the problems faced as a result of informalization of workforce
  • Explain about PMRPY and how it helps in tackling the problem of informalization of economy – by dealing with the burden of EPFO and ESI for companies and the advantages that it has had including preventing tax evasion.
  • Thereafter, discuss the positive impact of this scheme and suggest ways of improvement

Conclusion – Highlight that creation of formal jobs is one of the biggest challenge and the scheme does well in addressing some of the issues.