The PM Viksit Bharat Rozgar Yojana, a landmark initiative providing financial incentives to both new employees and businesses. On the 79th Independence Day, PM Narendra Modi has announced the PM Viksit Bharat Rozgar Yojana the landmark Scheme which will financially support to create over 3.5 crore jobs with almost 1 Lakh Crore scheme formalize the workforce, and accelerate India’s journey towards becoming a developed nation for the journey to a Visit Bharat by 2047.

The PM Viksit Bharat Rozgar Yojana announced on 79th Independence day by Prime Minister Narendra Modi

The Government of India has introduced the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY). This is not just another employment program; it’s a meticulously crafted strategy to stimulate job creation, formalize the economy, and secure the financial future of millions of young Indians. With a substantial budget and a clear mandate, PM-VBRY is set to create an estimated 3.5 crore new jobs over a two-year period (2025 – 2027) Tentative. This initiative is designed to benefit both the emerging workforce and the businesses that employ them, creating a virtuous cycle of growth and prosperity. This article will provide a detailed overview of the scheme, its benefits, eligibility criteria, and its profound impact on India’s economic landscape.

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79th Independence day by Prime Minister Narendra Modi Viksit Bharat employment scheme

The PM-VBRY operates on a dual-pronged approach, recognizing that a thriving job market requires support for both employees and employers. The scheme, managed by the Employees’ Provident Fund Organization (EPFO), came into effect on August 15, 2025, marking a new era for India’s workforce.

• Part A: The Employee’s Advantage: This section provides direct financial support to individuals entering the formal workforce for the first time.
• Part B: The Employer’s Incentive: This part offers powerful financial subsidies to encourage businesses, especially small and medium enterprises (MSMEs), to expand their teams.

This integrated approach ensures that the scheme effectively addresses the supply and demand sides of the labor market simultaneously, leading to more sustainable job growth.

Employee Eligibility for PM Narendra Modi Viksit Bharat Rozgar Yojana 2025 employment scheme

For millions of young Indians, their first job is a pivotal life event. PM-VBRY’s Part A provides a crucial financial cushion to help them start their careers on a strong footing.

Who is Eligible?

To qualify for these benefits, an individual must meet the following criteria:

• First-Time Employee: The individual must be a new entrant to the formal workforce.
• EPFO Registration: They must be registered with the EPFO, with their Universal Account Number (UAN) authenticated by Aadhaar.
• Salary Limit: Their monthly salary must be up to ₹1 lakh.
• Employment Timeline: The individual must have been hired by an EPFO-registered company after the scheme’s launch date.

What are the Benefits?

Eligible employees receive a significant financial incentive, equivalent to their first month’s EPF wage, up to a maximum of ₹15,000. This amount is disbursed in two carefully structured installments to promote both job retention and financial literacy.

1. First Installment: This payment is made after the employee completes six months of continuous employment with the same organization. This encourages stability and gives them a reason to stay and grow with the company.
2. Second Installment: The final payment is released after the employee successfully completes a full 12 months of service. Crucially, this installment is tied to the successful completion of a mandatory financial literacy module. A portion of this amount is placed in a designated savings account to encourage long-term financial planning.

This approach not only provides immediate financial aid but also equips young professionals with essential skills for managing their finances, ensuring their long-term well-being.

Employer Eligibility for PM Viksit Bharat employment scheme

The success of any job creation initiative relies on the active participation of businesses. Part B of PM-VBRY is a powerful incentive designed to make hiring new employees financially attractive for companies of all sizes.

Who is Eligible?

Any establishment registered with the EPFO can benefit. The scheme sets specific hiring thresholds to ensure it drives significant job growth:

• Small Businesses (fewer than 50 employees): Must hire at least two new workers.
• Larger Enterprises (50 or more employees): Must hire a minimum of five new workers.
• Sustained Employment: The newly hired employees must be retained for at least six months.

What are the Benefits?

Employers receive a monthly incentive for each eligible new employee they hire and retain. This amount, paid directly into their PAN-linked bank account, is based on the employee’s monthly EPF wage:

• For wages between Approx. ₹20,001 and ₹1 lakh, the incentive is a maximum up to ₹3,000 per month for 2 years

A special provision offers an extended benefit period of up to four years for employers in the manufacturing sector. This strategic focus is aimed at bolstering India’s manufacturing capabilities and creating a robust industrial base, a cornerstone of the “Viksit Bharat” vision.

The Bigger Picture address on 79th Independence day by PM Narendra Modi

The PM Viksit Bharat Rozgar Yojana is more than just a financial aid scheme; it’s a strategic tool for comprehensive economic development.

• Formalizing the Economy: By linking benefits to EPFO registration, the scheme actively encourages the formalization of employment. This provides millions of workers with vital social security benefits like provident fund contributions, pension schemes, and insurance, enhancing their financial stability.
• Boosting “Made in India”: The extended benefits for the manufacturing sector are a clear signal of the government’s intent to strengthen this crucial industry. A robust manufacturing base is essential for job creation and for positioning India as a global economic powerhouse.
• Empowering the Youth: The scheme’s focus on first-time employees ensures that the benefits of economic growth reach those who are just starting their professional journeys. The inclusion of a mandatory financial literacy module is a forward-thinking step that invests in the long-term well-being of the workforce.