PM Announced Pradhan Mantri Viksit Bharat Rozgar Yojana

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The Prime Minister announced the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) on August, 2025, to create 3.5 crore jobs over two years, boost employability, and increase social security.

Key provisions of the scheme

The Pradhan Mantri Viksit Bharat Rozgar Yojana offers incentives to both employees and employers to boost job creation and formalization of the workforce.

For first-time employees (Part A):

• • Incentive: Newly employed youth who are registered with the Employees’ Provident Fund Organisation (EPFO) will receive an incentive of up to ₹15,000.
  • Eligibility: The scheme applies to individuals with a monthly salary of up to ₹1 lakh.
  • Payout structure: The incentive is paid in two installments:
    • First installment: After completing six months of service.
    • Second installment: After twelve months of service and completing a financial literacy program.
  • Financial literacy: A portion of the incentive is deposited into a savings instrument to encourage long-term savings. 

For employers (Part B):

•  Incentive: Employers who create new jobs will receive a monthly incentive of up to ₹3,000 per new employee for a period of two years.
• Focus on manufacturing: Manufacturing units are eligible for an extended incentive period of up to four years.
• Eligibility: Employers registered with the EPFO must add at least two employees (for a workforce under 50) or five employees (for a workforce over 50) to qualify.

Implementation and monitoring

• The scheme’s registration period is from August 1, 2025, to July 31, 2027.
• The Ministry of Labour and Employment will oversee the scheme’s implementation through the EPFO.
• A portal has been launched for registrations by both employers and employees.
• All payments to employees will be made directly through the Aadhaar Bridge Payment System (ABPS).