- Launch of Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) on 1 August 2025 to boost formal employment across the country.
- One-time financial incentives of Rs 15,000 for first-time employees and financial support to employers encouraging job creation.
- EPFO’s key role in running the scheme, improving social security, and promoting financial inclusion for workers.
On 1 August 2025, the Indian government started the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY), a nationwide scheme to boost formal employment and expand social security coverage. This new scheme focuses on creating jobs, especially in manufacturing, while also promoting financial inclusion. Awareness about PM-VBRY is actively driven by the Employees’ Provident Fund Organisation (EPFO), making sure it reaches people across India.
Key Benefits of Pradhan Mantri Viksit Bharat Rozgar Yojana
PM-VBRY aims to help both employees joining the formal workforce for the first time and employers creating new jobs. The scheme’s incentives are designed to encourage ongoing employment and better financial planning.
Benefits for First-Time Employees under PM-VBRY
New employees who start formal jobs from 1 August 2025 and register with the EPFO will get a one-time financial incentive of Rs 15,000. This amount is paid in two parts: the first after six months of continuous work, and the second after completing a financial literacy program. Part of this incentive is deposited into a locked savings account, encouraging long-term financial security.
Employer Incentives to Boost Formal Job Creation
Employers also benefit from PM-VBRY. Manufacturing companies get financial support for four years to help create and maintain jobs in this sector. Other sectors receive incentives for two years to increase formal employment across industries. This motivates more businesses to participate and supports economic growth.
How PM-VBRY Promotes Financial Inclusion and Social Security
Besides increasing job opportunities, PM-VBRY focuses on improving workers’ social security and financial stability. By linking incentives with EPFO registration and financial education, the scheme aims to bring more workers into formal social security systems and improve their financial wellbeing over time.
Role of EPFO in Implementing PM-VBRY
The Employees’ Provident Fund Organisation plays an important role in running PM-VBRY across India. EPFO offices nationwide handle registrations, give out incentives, and promote awareness. Its wide network makes sure the scheme is easy to access and properly carried out. For example, in Telangana during the 2024–25 financial year, EPFO recorded over 49 lakh contributory members, 1.34 lakh registered establishments, and over 31 lakh claims settled – showing the organisation’s ability to manage and support large-scale programmes.
| Parameter | Details |
|---|---|
| Launch Date | 1 August 2025 |
| Incentive for Employees | Rs 15,000 (two instalments) |
| Employer Support | 4 years (Manufacturing), 2 years (Other sectors) |
| Financial Outlay | Rs 99,446 crore over 4 years |
| Projected Jobs Created | 3.5 crore new jobs |
| Implementation | Employees’ Provident Fund Organisation (EPFO) |
| Official Website | https://www.epfindia.gov.in |
If you are starting your first formal job or an employer wanting to grow your team, you can know more through EPFO offices or visit their official website. Using the benefits of PM-VBRY can help you build long-term financial security and open up new economic opportunities.