Pradhan Mantri Viksit Bharat Rozgar Yojana: Prime Minister Narendra Modi has just unveiled a massive ₹1 lakh crore employment scheme during his Independence Day speech from the Red Fort. Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY), this initiative is set to create jobs for over 3.5 crore young Indians over the next two years.
The PM-VBRY is a bold move to tackle unemployment head-on. It’s a two-part program designed to encourage private companies to hire more people while supporting young workers entering the job market for the first time. The government is putting up ₹1 lakh crore to make this happen over two years, from August 2025 to July 2027. The idea is simple: give financial help to new employees and rewards to businesses that create jobs, all while boosting India’s economy.
Overview of PM-VBRY Scheme
| Aspect | Details |
|---|---|
| Launch Date | August 15, 2025 |
| Total Outlay | ₹1 lakh crore |
| Job Target | 3.5 crore |
| Employee Incentive | Up to ₹15,000 (in two parts) |
| Employer Incentive | Up to ₹3,000/month per hire |
| Eligibility Period | Aug 1, 2025 – Jul 31, 2027 |
| Salary Cap | ₹1 lakh/month |
| Hiring Quota | 2 (under 50 employees), 5 (50+ employees) |
| Helpline | 1800-123-4567 (EPFO) |
PM Modi Announces Mega ₹1 Lakh Crore Scheme for Job Market – Who Qualifies?
The PM-VBRY has two main groups in mind: first-time employees and employers. Here’s who qualifies:
For Employees (Part A)
- Age: No strict age limit, but it targets new entrants, typically 18–35.
- Income: Monthly salary up to ₹1 lakh.
- Status: Must be a first-time job seeker, not previously registered with the Employees’ Provident Fund Organisation (EPFO).
- Employment: Hired between August 1, 2025, and July 31, 2027, in a private firm.
- Location: Any Indian resident meeting the criteria.
If you’re stepping into your first job, this could be your ticket. You don’t need years of experience—just a willingness to start.
For Employers (Part B)
- Business Type: Private companies registered with EPFO.
- Hiring Quota: Companies with fewer than 50 employees must hire at least 2 new workers; those with 50+ must hire 5.
- Job Duration: New hires must stay employed for at least 6 months.
- Sector Focus: Special incentives for manufacturing firms.
Businesses big and small can join, especially those in manufacturing, which gets extra perks. It’s a win-win if they expand their teams.
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The scheme splits incentives into two parts, making it attractive for both sides:
For Employees
- Cash Incentive: Up to ₹15,000, covering one month’s EPF contribution.
- First instalment: ₹7,500 after 6 months of continuous work.
- Second instalment: ₹7,500 after 12 months, plus financial literacy training.
- Savings Boost: Part of the second payment goes into a savings instrument for long-term security.
- Payment Mode: Direct Benefit Transfer (DBT) via Aadhaar-linked accounts.
This money can help you settle into your first job, covering rent or transport while you build savings.
For Employers
- Monthly Incentive: Up to ₹3,000 per new employee for two years.
- Extends to four years in manufacturing.
- Eligibility: Based on the number of new hires meeting the quota.
- Payment: Credited to PAN-linked bank accounts every six months.
Companies get a financial nudge to hire, especially in manufacturing, where growth is a priority.
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The process is straightforward but requires coordination:
- Registration: Employees join EPFO when hired; employers register on the Shram Suvidha portal.
- Incentive Claims: Employees get payments after 6 and 12 months; employers claim every six months via Electronic Challan cum Return (ECR).
- Duration: Runs from August 15, 2025, to July 31, 2027.
- Monitoring: EPFO tracks compliance to ensure jobs last.
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FAQs About Pradhan Mantri Viksit Bharat Rozgar Yojana
When was the PM-VBRY launched?
It was launched on August 15, 2025, during the Independence Day speech.
Who can get the ₹15,000 incentive?
First-time employees earning up to ₹1 lakh/month, hired between August 2025 and July 2027.
How much will employers get?
Up to ₹3,000/month per new hire for two years (four in manufacturing).