Pradhan Mantri Viksit Bharat Rozgar Yojana

• 18 Aug 2025

Source: PIB 

On the 79^th Independence Day, the Prime Minister unveiled the Pradhan Mantri Viksit Bharat Rozgar Yojana. The scheme will help formalize the workforce by providing social security coverage to crores of young men and women. 

• Target: Creation of 3.5 crore jobs by 2027, and offering incentives to first-time employees (Part A) and employers (Part B). 
• Part A – First-Time Employees: Targets first-time employees registered with Employees' Provident Fund Organisation (EPFO) and provides an EPF wage support of up to Rs 15,000, released in two installments. 
  • The first installment is paid after completing 6 months of service, second after 12 months with financial literacy programme completion. 
  • Eligibility: Employees earning salaries up to Rs 1 lakh qualify for the incentive. 
  • Savings Component: To promote the habit of saving, a portion of the incentive will be deposited in a savings instrument or fixed account, which the employee can withdraw after a specified period. 
• Part B – Incentives for Employers: Employers creating new jobs (salaries up to Rs 1 lakh) receive up to Rs 3,000/month per employee for 2 years. Incentives apply only for new jobs sustained for at least six months. 
  • In manufacturing, incentives extend to the 3^rd and 4th years, with Part B expected to create around 2.6 crore new jobs. 
• Incentive Payment Mechanism: 
  • Employees: Direct Benefit Transfer (DBT) via Aadhar Bridge Payment System (ABPS). 
  • Employers: Payments into Permanent Account Number (PAN)-linked accounts. 

Read more: Aatmanirbhar Bharat Rozgar Yojana (ABRY)