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On the occasion of India’s 79th Independence Day, Prime Minister Narendra Modi announced the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY), a major employment initiative aimed at boosting job creation in the private sector. This scheme will offer ₹15,000 incentive to young individuals securing their first job in the private sector and will also provide benefits to companies that create new employment opportunities. PM Viksit Bharat Rozgar Yojana
Key Highlights of PM Viksit Bharat Rozgar Yojana
- Launch Date: 15th August 2025
- Total Budget: ₹1 lakh crore
- Expected Beneficiaries: 3.5 crore youth over two years
- Focus Sectors: Special emphasis on the manufacturing sector, along with other industries
Two-Part Structure of the Scheme
The scheme is divided into Part A and Part B:
Part A – For First-Time Job Holders
- Eligibility: Must be registered with EPFO (Employees’ Provident Fund Organisation)
- Incentive Amount: Maximum ₹15,000 (equivalent to one month’s EPF wage)
- Salary Limit: Eligible for those earning up to ₹1 lakh per month
Payment Schedule:
- First installment after completing 6 months of continuous service
- Second installment after 12 months of service and completion of a financial literacy program
Part B – For Employers
- Benefit: Up to ₹3,000 per month per additional employee (earning ≤ ₹1 lakh/month) for two years
- Special for Manufacturing Sector: Benefit extended for the third and fourth year as well
Eligibility for Establishments:
- Firms with less than 50 employees must hire at least 2 additional employees
- Firms with 50 or more employees must hire at least 5 additional employees
- Employees must work continuously for 6 months to qualify for employer incentives
Objective and Vision
The PM-VBRY aims to:
- Encourage private sector job creation
- Support first-time job seekers
- Provide incentives to employers for expanding workforce
- Generate inclusive and sustainable employment across India
Implementation Timeline
- Job Creation Window: 1st August 2025 – 31st July 2027
- Cabinet Approval: 1st July 2025, chaired by PM Narendra Modi
- Target: 3.5 crore jobs, including 1.92 crore first-time employment opportunities
Why This Scheme Matters
With a massive budget allocation and clear incentives for both employees and employers, the PM Viksit Bharat Rozgar Yojana is poised to:
- Reduce unemployment
- Stimulate industrial growth
- Boost manufacturing
- Encourage formal employment through EPFO registration
Quick Links
- Job Updates – Click Here
- Apply Govt Job – Click Here
Conclusion:
The PM Viksit Bharat Rozgar Yojana is not just a financial support scheme—it’s a strategic push towards building a stronger, self-reliant, and economically empowered India. For the youth stepping into the workforce, this initiative offers a significant head start, while for companies, it’s a chance to expand and contribute to the nation’s growth.
Karunakar Mohanta is the creator of OdiaYojana.in, a leading blog that provides the latest updates on government schemes, scholarships, and official notifications in Odia. With a mission to simplify complex government information, he helps Odia citizens stay informed and empowered. Follow him to stay updated on PM Yojanas, state benefits, and important deadlines.