Prime Minister Modi Launches â‚ą99,446 Crore Pradhan Mantri Viksit Bharat Rozgar Yojana, Aims to Create 3.5 Crore Jobs.
Goverment Scheme
On August 15, 2025, Prime Minister Narendra Modi announced the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY)—an employment-linked incentive scheme with an outlay of ₹99,446 crore. The ambitious program targets creation of 3.5 crore new formal sector jobs over two years, supporting first-time job entrants and incentivising employers.
- PM-VBRY replaces the earlier Employment Linked Incentive (ELI) Scheme and will be in effect from August 1, 2025, to July 31, 2027—a two-year implementation period aimed at formalizing and boosting employment growth.
- The scheme is backed with a budget of ₹99,446 crore, and aims to generate over 3.5 crore formal jobs, of which approximately 1.92 crore are intended for first-time workforce entrants—particularly youth.
Main Point :- (i) New employees registered with the Employees’ Provident Fund Organisation (EPFO), earning up to ₹1 lakh/month, will receive an incentive equivalent to one month’s EPF wage (capped at ₹15,000). This is disbursed in two installments—after 6 and 12 months of continuous employment, along with a mandatory financial literacy program. A portion of the amount is allocated into a savings instrument to promote financial planning.
(ii) Under the scheme, employers registered with the Employees’ Provident Fund Organisation (EPFO) who hire additional employees will receive monthly incentives per new hire—₹1,000 for employees earning up to ₹10,000; ₹2,000 for those earning between ₹10,001 and ₹20,000; and ₹3,000 for those earning between ₹20,001 and ₹1 lakh—with the manufacturing sector receiving these benefits for an extended period of up to 4 years.
(iii) This scheme emphasizes formalizing employment, improving job retention, and leveraging India’s demographic dividend. It covers all sectors—with special focus on manufacturing—and is part of the broader “Viksit Bharat” mission. Implementation includes Direct Benefit Transfer via Aadhaar- and PAN-linked bank accounts, and has been rolled out with awareness sessions across regions, including EPFO-led seminars to guide both employers and new employees.
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