- PM Viksit Bharat Rozgar Yojana starts with Rs 99,446 crore to create 3.5 crore new jobs between August 2025 and July 2027.
- First-time employees get EPF wage support up to Rs 15,000 in two installments, encouraging people to join the workforce.
- Employers get monthly incentives up to Rs 3,000 per new hire, especially helping the manufacturing sector.
Starting 1 August 2025, PM Viksit Bharat Rozgar Yojana takes effect as a major government scheme aimed at boosting job creation across India. With a total budget of Rs 99,446 crore, this plan focuses on creating 3.5 crore jobs over two years, supporting first-time workers and businesses. Key points like employment linked incentive, EPF support, and manufacturing sector benefits highlight this big project.
Main Features of PM Viksit Bharat Rozgar Yojana
This scheme, also called the Employment Linked Incentive (ELI) scheme, was approved by the Union Cabinet and is part of the Viksit Bharat plan. It aims to speed up economic growth by encouraging employers to create new jobs in different sectors, with a strong focus on manufacturing. The scheme runs from 1st August 2025 to 31st July 2027, during which the target of 3.5 crore new jobs will be met. Notably, 1.92 crore of these jobs will go to people joining the workforce for the first time.
Benefits for First-Time Employees Under PM-VBRY
The scheme offers special perks for first-time employees who are registered with the Employees’ Provident Fund Organisation (EPFO). Eligible employees earning up to Rs 1 lakh per month will get an EPF wage incentive equal to one month’s salary, up to Rs 15,000, paid in two parts:
- First installment after six months of continuous work
- Second installment after twelve months of work and completing a financial literacy program
To encourage saving, part of the incentive will be kept in a fixed deposit or savings account, which the employee can withdraw later.
Perks for Employers Creating New Jobs
Employers registered with EPFO who create additional jobs, especially in manufacturing, will get monthly incentives based on employee wages. To keep new hires employed for at least six months, incentives are:
| EPF Wage Slabs of Additional Employee | Incentive to Employer (per month) |
|---|---|
| Up to Rs 10,000 | Up to Rs 1,000 |
| More than Rs 10,000 and up to Rs 20,000 | Rs 2,000 |
| More than Rs 20,000 (up to Rs 1 Lakh/month) | Rs 3,000 |
Note: For employees with EPF wages up to Rs 10,000, incentives are given on a proportional basis.
In the manufacturing sector, this incentive extends beyond two years up to the 3rd and 4th year to encourage long-term employment.
Who Can Apply and How
Employers need to be registered with EPFO and meet these conditions:
- Hiring Requirements: At least 2 additional employees if the employer has less than 50 employees; at least 5 additional employees if the employer has 50 or more employees.
- Job Duration: New hires must be kept on the job for at least six months.
Payments for first-time employees are done through Direct Benefit Transfer (DBT) via the Aadhaar Bridge Payment System (ABPS). Employers get their incentives directly in their bank accounts linked to their PAN.
This well-planned scheme offers clear guidelines and encourages both employees and employers to actively join India’s path to a Viksit Bharat through steady employment.