10 Key Facts About Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) & Avail ₹15,000 Incentive

On August 15, 2025, Prime Minister Narendra Modi launched a landmark employment initiative — the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) — aimed at creating over 3.5 crore jobs across India. With a massive ₹1 lakh crore outlay, this scheme offers direct financial incentives to both first-time employees and employers who help expand the formal workforce.

Let’s break it down in simple terms.

🧑‍💼 What Is PM-VBRY?

The scheme is designed to:

• Encourage first-time job seekers to enter the formal workforce.
• Motivate companies to hire more employees.
• Promote financial literacy and savings among youth.

It’s divided into two parts:

🔹 Part A: For Employees

If you’re starting your first job in the private sector and registered with EPFO, you can earn up to ₹15,000 in incentives.

Eligibility:

• First-time EPFO-registered employee.
• Monthly salary up to ₹1 lakh.
• Must stay employed for at least 6 months.

Incentive Structure:

• ₹7,500 after 6 months of continuous employment.
• ₹7,500 after 12 months + completion of a financial literacy course.
• A portion of the second installment is deposited into a savings account to encourage long-term financial habits.

🔹 Part B: For Employers

Companies hiring new employees can receive ₹3,000 per month per new hire for up to 2 years — extended to 4 years for manufacturing firms.

Eligibility:

• EPFO-registered company.
• Must hire at least 2 new employees (if staff < 50) or 5 new employees (if staff ≥ 50).
• New hires must earn ≤ ₹1 lakh/month and stay employed for at least 6 months.

Payment Mode:

• Direct Benefit Transfer (DBT) to PAN-linked company bank accounts.

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🧪 Real-Life Examples

Example 1: First-Time Employee

Riya, a 23-year-old graduate, joins a marketing firm in Pune on August 20, 2025. Her salary is ₹45,000/month and she’s registered with EPFO.

• After 6 months, she receives ₹7,500.
• After 12 months and completing a financial literacy course, she gets another ₹7,500.
• Part of this goes into a savings account she can access later.

Example 2: Employer Incentive

A textile company in Nagpur hires 10 new employees in September 2025, each earning ₹30,000/month.

• The company receives ₹3,000/month per employee = ₹30,000/month.
• Over 2 years, that’s ₹7,20,000 in government support.
• If in manufacturing, they can continue receiving support for 2 more years.

✅ Conclusion

The Pradhan Mantri Viksit Bharat Rozgar Yojana is a bold step toward formalizing India’s workforce, empowering youth, and incentivizing job creation. Whether you’re a fresh graduate or a growing company, this scheme offers tangible benefits — and with the right guidance, it’s easy to access.

For businesses looking to make the most of this opportunity, HR Deck can help you navigate registrations, compliance, and documentation with ease.