Pradhan Mantri Viksit Bharat Rozgar Yojana

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Pradhan Mantri Viksit Bharat Rozgar Yojana

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Introduction of any scheme is very important:

The Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) is a flagship Employment Linked Incentive (ELI) scheme announced in the Union Budget as part of the Prime Minister's Package for Employment and Skilling.

Implemented by the Ministry of Labour & Employment through the Employees' Provident Fund Organisation (EPFO), the scheme has a total budgetary outlay of ₹99,446 crore.

The scheme came into effect on August 1, 2025, with a two-year registration window closing on July 31, 2027. It aims to incentivize the creation of more than 3.5 crore formal jobs across the country, with a core focus on boosting youth employment, workforce productivity, and formalizing social security.

Core Structure and Incentives

The scheme is split into two distinct structural parts to support both new entrants and employers:

Part A: Support to First-Time Employees

Target Group: First-time employees entering the formal workforce with a monthly gross salary of up to ₹1,00,000.

The Benefit: A direct incentive equivalent to one month's wage, capped at a maximum of ₹15,000, disbursed in two installments via Direct Benefit Transfer (DBT).

Disbursement Conditions:

1. 1. 1st Instalment (up to ₹7,500): Paid directly into the employee’s Aadhaar-seeded bank account after completing 6 months of continuous service.
   2. 2nd Instalment: Paid after completing 12 months of continuous service AND successfully finishing a mandatory Financial Literacy Programme prescribed by the EPFO. To encourage savings, this second portion is deposited into a specified savings instrument for a fixed lock-in period.

Part B: Incentives for Employers

Target Group: EPFO-registered establishments that create net additional new jobs above their established workforce baseline.

The Benefit: A wage-based subsidy of up to ₹3,000 per month per additional employee, credited directly into the employer's PAN-linked account.

Sustenance Period:

1. All Sectors: Incentives are provided for a period of 2 years, provided the additional employment is sustained for at least 6 months.
2. Manufacturing Sector: Recognizing its strategic potential, the incentive is extended for an additional 2 years, providing a total of 4 years of financial support.

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