Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY)
Objective: Incentivize creation of 3.5 crore new formal jobs over two years through Employment Linked Incentives (ELI) for both employees and employers. Budget: ₹99,446 crore (total outlay). Duration: August 1, 2025 – July 31, 2027. Key Features: • Part A (Employee): First-time EPFO-registered employees earning up to ₹1 lakh/month receive one-month EPF wage incentive (max ₹15,000) in two instalments — ₹7,500 after 6 months, balance after 12 months plus financial literacy programme completion • Part B (Employer): Monthly incentives up to ₹3,000 for 2 years per additional employee with 6-month sustained employment; manufacturing sector gets 4-year incentives • Minimum hiring: 2 new employees (firms <50 staff), 5 new employees (firms 50+ staff) • Payment via Direct Benefit Transfer (Aadhaar Bridge) for employees, PAN-linked for employers Target Beneficiaries: 3.5+ crore new jobs; 1.92 crore first-time workforce entrants. Eligibility: First-time employees registered with EPFO; employers registered under EPF Act.
- PM-VBRY with ₹99,446 crore outlay incentivizes creation of 3.5 crore new formal jobs over two years (Aug 2025 – Jul 2027) through Employment Linked Incentives
- Part A (Employee): First-time EPFO-registered employees earning up to ₹1 lakh/month receive one-month EPF wage incentive (max ₹15,000) in two instalments
- Part B (Employer): Monthly incentives up to ₹3,000 for 2 years per additional employee; manufacturing sector gets 4-year incentives
- Minimum hiring thresholds: 2 new employees for firms with less than 50 staff, 5 new employees for firms with 50+ staff
- Payments via Direct Benefit Transfer (Aadhaar Bridge) for employees and PAN-linked for employers; targets 1.92 crore first-time workforce entrants
What is the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY)?
PM-VBRY is a Ministry of Labour & Employment scheme to incentivise creation of 3.5 crore new formal jobs over two years through Employment Linked Incentives (ELI) for both employees and employers, running from August 1, 2025 to July 31, 2027.
What is the budget of PM-VBRY?
PM-VBRY has a total outlay of ₹99,446 crore. It targets 3.5+ crore new jobs over two years, including 1.92 crore first-time workforce entrants, with separate incentive tracks for employees and employers.
What does Part A of PM-VBRY offer to employees?
Part A gives first-time EPFO-registered employees earning up to ₹1 lakh per month a one-month EPF wage incentive of up to ₹15,000, paid in two instalments: ₹7,500 after 6 months and balance after 12 months plus financial literacy programme completion.
What does Part B of PM-VBRY offer to employers?
Part B gives employers monthly incentives up to ₹3,000 for 2 years per additional employee who completes 6 months of sustained employment. The manufacturing sector receives these incentives for 4 years.
What is the minimum hiring requirement for employers under PM-VBRY?
Employer firms with fewer than 50 staff must hire at least 2 new employees, while firms with 50 or more staff must hire at least 5 new employees to qualify for Part B incentives under PM-VBRY.
How are PM-VBRY payments made?
Employees receive incentives through Direct Benefit Transfer via Aadhaar Bridge, while employers receive payments through PAN-linked transfers. Eligibility requires first-time EPFO registration for employees and EPF Act registration for employers.
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