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Viksit Bharat Rozgar Yojana (PM-VBRY)
‘PM Viksit Bharat Rozgar Yojana (PM-VBRY)’ to come into effect from 1st August 2025
Context: The Employment Linked Incentive (ELI) Scheme, approved by the Union Cabinet chaired by Prime Minister Shri Narendra Modi, will come into force on August 1, 2025, under the new name PM Viksit Bharat Rozgar Yojana (PM-VBRY).
About PM-VBRY
- Aims to align with the larger Viksit Bharat (Developed India) initiative by promoting inclusive and sustainable job creation.
- Total outlay: ₹99,446 Crore.
- Duration: 2 years (from 01 August 2025 to 31 July 2027).
- Job creation target: Over 3.5 Crore jobs. Out of these, 1.92 Crore beneficiaries will be first-time entrants into the workforce.
- The scheme is designed with a two-part structure — Part A focuses on incentivising first-time employees, while Part B provides support to employers for creating additional employment.
Scheme Structure
Part A: Incentives for First-Time Employees:
- Eligibility: First-time EPFO-registered employees with salaries up to ₹1 lakh/month.
- Benefit: One-month EPF wage (up to ₹15,000) in two instalments:
- 1st instalment: After 6 months of continuous service.
- 2nd instalment: After 12 months + completion of a financial literacy program.
- Savings Component: A portion of the incentive will be placed in a savings instrument or fixed deposit, encouraging a culture of saving among new workers.
- Payment Mode: Direct Benefit Transfer (DBT) via Aadhaar Bridge Payment System (ABPS).
Part B: Support for Employers
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- Eligibility: EPFO-registered establishments hiring new employees.
- Incentive: Up to ₹3,000/month per new employee for 2 years. For manufacturing: extended to 3rd and 4th years.
- Hiring Criteria: Must hire at least 2 additional employees (for firms with <50 workers) or 5 additional employees (for firms with 50+ workers), with sustained employment for a minimum of six months.
- Payment Mode: Direct transfer to PAN-linked accounts.
Part B: Support for Employers
- Eligibility: EPFO-registered establishments hiring new employees.
- Incentive: Up to ₹3,000/month per new employee for 2 years. For manufacturing: extended to 3rd and 4th years.
- Hiring Criteria: Must hire at least 2 additional employees (for firms with <50 workers) or 5 additional employees (for firms with 50+ workers), with sustained employment for a minimum of six months.
- Payment Mode: Direct transfer to PAN-linked accounts.
