In a major move to boost employment and accelerate economic growth, the Government of India has launched the PM Viksit Bharat Rozgar Yojana (PM-VBRY)—an ambitious Employment Linked Incentive scheme set to kick off on August 1, 2025. Backed by an outlay of Rs 99,446 crore, the scheme is expected to generate over 3.5 crore jobs in just two years, with 1.92 crore first-time job seekers set to benefit directly.
The scheme is aligned with the vision of Viksit Bharat @2047, aiming to generate inclusive, sustainable employment opportunities, particularly in the manufacturing sector. It also incentivizes employers to create additional employment with monthly benefits of up to Rs 3,000 per employee, extended up to 4 years for manufacturing industries.
Highlights of PM-VBRY:
Part A: Direct benefit to first-time employees—one-month EPF wage (up to Rs 15,000) in two installments.
Part B: Employers get Rs 1,000 to Rs 3,000/month per new hire for up to 4 years.
Valid for new jobs created between 1st August 2025 to 31st July 2027.
EPFO-registered companies must hire minimum 2 or 5 additional employees depending on company size.
Payments through DBT (Aadhaar-linked for workers and PAN-linked for employers).
From financial literacy programs to savings-linked incentives for new workers, the scheme lays the foundation for not just job creation but also long-term financial empowerment.
With a strong focus on formal job creation and industrial expansion, PM-VBRY is a flagship employment scheme poised to transform India’s job market landscape and make a bold step toward a self-reliant and developed India.