- ₹15,000 help for youth starting their first private sector job under Pradhan Mantri Viksit Bharat Rozgar Yojana.
- Employers get monthly incentives up to ₹3,000 per new employee to encourage job creation.
- Scheme aims to create 3.5 crore new jobs with special focus on manufacturing and steady employment.
Viksit Bharat Rozgar Yojana is a new government scheme launched on 15 August 2025 to support youth entering the private job market for the first time. This scheme, officially called Pradhan Mantri Viksit Bharat Rozgar Yojana, offers financial help and incentives to both young employees and employers, encouraging steady employment growth across India. If you are a young job seeker or an employer, knowing about this scheme can help you take advantage of its benefits.
Who is Eligible for Pradhan Mantri Viksit Bharat Rozgar Yojana?
- The employee must start working for an EPFO-registered company between August 1, 2025, and July 31, 2027 (inclusive).
- Must not have been an Exempted Trust or EPFO member prior to August 1, 2025.
- Contributions to the EPF must be received by August 2025 at the latest.
- The gross salary must be at least ₹1,000,000 per month.
- The employee must work consistently for the same company for a minimum of six months.
Benefits for First-Time Private Sector Employees
Under Part A of the scheme, first-time private sector employees will get financial help of up to ₹15,000. This amount is paid in two parts: the first after six months of continuous employment, and the second after 12 months, provided the employee completes a financial literacy programme. To encourage savings, part of this help will be deposited in a fixed-period savings instrument or deposit account, which can be withdrawn later.
Employer Incentives to Boost Job Creation
Employers hiring youth under this scheme will get incentives of up to ₹3,000 per month for each extra employee earning up to ₹1 lakh. These incentives are given for two years, as long as the employee stays employed for at least six months. Employers in the manufacturing sector get extra benefits, as incentives continue into the third and fourth years. To qualify, EPFO-registered establishments with fewer than 50 employees must hire at least two extra workers, while those with 50 or more employees must hire at least five extra workers.
How the Scheme Supports Steady Employment Growth
The scheme aims to create nearly 3.5 crore new jobs over two years, with a special focus on the manufacturing sector. By giving incentives to both employees and employers, it hopes to encourage long-term, steady job growth. This matches the broader Viksit Bharat initiative, showing the government’s commitment to inclusive economic development and helping youth.
Application and Payment Process for Employees and Employers
Registration under the scheme is linked with the EPFO. Employees must be registered with EPFO to get benefits. Payments to employees under Part A are made through Direct Benefit Transfer (DBT) using the Aadhaar Bridge Payment System (ABPS), making sure payments are timely and clear. Employers receive their incentives directly into their PAN-linked bank accounts under Part B. This simple process helps both employees and employers get benefits easily.
| Feature | Details |
|---|---|
| Scheme Name | Pradhan Mantri Viksit Bharat Rozgar Yojana |
| Launch Date | 15 August 2025 |
| Job Creation Target | 3.5 crore new jobs |
| Employee Aid | ₹15,000 in two instalments |
| Employer Incentive | Up to ₹3,000/month per new employee |
| Job Period Covered | 1 August 2025 to 31 July 2027 |
| Eligibility | First-time private sector employees earning up to ₹1 lakh/month |
| Payment Method | Direct Benefit Transfer (DBT) via ABPS for employees; PAN-linked bank accounts for employers |
| Official Website | https://www.epfindia.gov.in |
If you are a young person looking for your first private sector job or an employer wanting to grow your workforce, the Pradhan Mantri Viksit Bharat Rozgar Yojana offers a great chance. Make sure to register with EPFO and complete the financial literacy programme to get full benefits. For more details, visit the official EPFO website linked above.