The Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) is a major initiative by the Government of India aimed at boosting formal employment, enhancing employability, and supporting job creation across sectors. Announced in Budget 2024-25 and launched officially from 1 August 2025, the scheme carries a large financial outlay and strong incentives for both employees and employers. If you’re a first-time EPFO-registered employee, or an employer looking to expand your workforce, this scheme offers significant benefits.
What Is PM-VBRY?
- PM-VBRY is part of the Employment Linked Incentive (ELI) Scheme, approved by the Union Cabinet with a planned budget of approx. ₹99,446 crore. It targets creation of 3.5 crore new jobs in India over a two-year span—from 1 August 2025 to 31 July 2027.
- The scheme has two major components:
Part A: Incentives for First-time Employees — aimed at youth entering formal employment for the first time under EPFO. They’ll receive incentives based on EPF contributions, subject to certain conditions.
Part B: Incentives for Employers — to encourage employers to hire more people, especially in the manufacturing sector (though applicable across sectors). They receive financial incentives for sustained employment of new hires.
Key Features & Benefits
Here are the important features and benefits of PM-VBRY, both for employees and employers:
A. For First-time Employees (Part A):
- Eligible employees must be registered under EPFO for the first time.
- Salary cap: Employees earning up to ₹1,00,000 per month are covered under the scheme.
- Incentive amount: Up to ₹15,000 in two instalments. One instalment after 6 months of continuous employment, another after 12 months, provided conditions (like service continuity, financial literacy etc.) are met.
B. For Employers (Part B):
- Employers who create additional eligible employment will receive incentives for each new employee with salary up to ₹1,00,000 per month.
- The incentive could be up to ₹3,000 per month per new employee, depending on the salary slab. The higher the salary (within limits), the more incentive (different slabs: up to ₹10,000, ₹10,000-₹20,000, and so on).
- For the manufacturing sector, incentives span longer periods (beyond just 12 months) for sustained employment.
Other Benefits:
- Formalization of jobs: More employers will bring employees under EPFO, increasing social security coverage.
- Better financial inclusion, job stability, training / financial literacy components for employees. ()
Eligibility Criteria
To take advantage of PM-VBRY, both employees and employers must satisfy certain conditions:
- Employees must be first-time EPFO-registered (i.e. not registered before) and earning up to ₹1,00,000/month.
- They must remain employed continuously (for 6 months, then 12 months) to receive full incentives.
- Completion of a financial literacy program is required as part of the conditions for incentive disbursal.
- Employers must hire additional employees beyond their existing workforce: for small employers (<50 employees) or larger firms, there is a minimum increase threshold.
Important Dates
| Event | Date |
|---|---|
| Scheme Implementation Starts | 1 August 2025 |
| Ends | 31 July 2027 |
| Portal Registration Live | From mid-August 2025 |
| Job creation window (to be eligible) | Between 1 August 2025 and 31 July 2027 |
How to Apply / Register
Here’s how both employees and employers can participate:
- One-Time Registration (Employers): Employers must register via the official PMVBRY portal (or associated EPFO/labour ministry portals). This is a one-time process.
- Employee UAN & Validation: First-time employees must have a Universal Account Number (UAN) under EPFO. Face Authentication Technology (FAT) via UMANG app or other means may be required.
- Jobs must be newly created and within specified salary limits. Employers must show increase over baseline staff numbers.
- Incentive claim: Once the 6-month service is completed for employee, Part A incentive is disbursed; after 12 months, the second instalment. Employers receive their incentives as per the tenure and conditions.
OFFICIAL WEBSITE :- CLICK HERE
Things to Keep in Mind / FAQs
- The scheme does not cover existing EPFO-registered employees; only first-timers are eligible for Part A.
- Salary above ₹1,00,000/month disqualifies from incentive.
- Employers need to ensure job creation is sustained (i.e. the additional employees remain in service for required period).
- Incentives to employees are delivered via DBT (Direct Benefit Transfer) using Aadhaar Bridge Payment System.
Conclusion
The Pradhan Mantri Viksit Bharat Rozgar Yojana is a landmark scheme in India’s employment policy, aimed at formalizing jobs and motivating employers to hire new staff while providing financial incentives to first-time employees. If you’re a young person entering the workforce for the first time under EPFO and earning up to ₹1,00,000/month, or if you’re an employer planning to expand your team, this scheme offers a big opportunity. Be sure to register on the official PMVBRY portal, maintain service duration requirements, and complete any required financial literacy training so you can avail full benefit.