PM disburses ₹2,400 crore under Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY)

The Prime Minister disbursed incentives worth approximately ₹2,400 crore under the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) on 19 June.

• The scheme came into effect on 1 August 2025.
• Objective: To promote formal employment, encourage job creation, and expand coverage under the Employees’ Provident Fund Organisation.

Key Features

Part A – Incentives for First-Time Employees

• Applicable to first-time employees registered with EPFO.
• Eligible employees must earn up to ₹1 lakh per month.
• Provides an incentive equal to one month’s wage, subject to a maximum of ₹15,000, paid in two instalments.
• Employees must remain in continuous employment for more than six months to receive benefits.

Part B – Incentives for Employers

• Employers creating additional formal employment receive incentives of up to ₹3,000 per month per additional employee for two years.
• Employers in the manufacturing sector are eligible for incentives for an additional two years, recognising the sector’s role in employment generation.

Financial Outlay and Targets

• Total outlay: ₹99,446 crore.
• Employment target: Creation of more than 3.5 crore jobs over a two-year period.
• Around 1.92 crore beneficiaries are expected to be first-time entrants into the formal workforce.

Progress Achieved

• Since August 2025, more than 70 lakh first-time employees have entered the formal workforce under the scheme.
• Women account for nearly 30% of the beneficiaries.

Significance

• Promotes formalisation of employment through EPFO registration.
• Encourages industries to generate additional quality jobs, particularly in the manufacturing sector.
• Supports the Viksit Bharat @2047 vision by strengthening employment generation, enhancing social security coverage, and boosting inclusive economic growth.

Source: PIB

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