Pradhan Mantri Rozgar Yojana Viksit Bharat

On 15 August 2025, the Center introduced the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY). The program aims at promoting formal employment, providing firms and new employees (hires) with financial incentives. Its budget of 99,446 crores has been allocated to the program which will generate approximately 3.5 crores of jobs in the span of 2 years and is executed by the Employees Provident Fund Organization (EPFO).

Incentives to Employees

Employees whose monthly salary is not more than 1 lakh and will join a company that is regulated by EPFO after August 15, 2025, are qualified.  They receive two instalments of up to 15,000.  After six months of working the first installment is paid.  The second payment is allotted thirteen months later under the condition that a course of financial literacy is successfully passed.  One portion of the second installment is deposited to a designated savings account to encourage savings in the future.

Benefits to Companies

Each month they hire additional qualifying employees, they may be paid up to 3,000 (Rupees) to employers registered with EPFO.  The benefit continues to be realized after two years in most of the industries and up to four years in manufacturing firms.  Employers having 50 and above employees are required to hire at least five of new employees and the obligation is five of new employees to the businesses having less than 50 employees.

Qualifications and the Procedure of Application

The employees shall be expected to create accept a Universal Account Number (UAN) tied to Aadhaar via facial recognition through the UMANG app.  The employees do not have to fill a separate application form; their eligibility is decided automatically during initial registration with EPFO.  Employers should enroll themselves on the EPFO employer login portal and obtain the EPFO code through the Shram Suvidha portal.  They should also maintain new employees at least six months and pay their provident fund along with Electronic Challan cum Returns (ECR) within the deadline of every month.

Benefits Delivery and Payment

Under Direct Benefit Transfer (DBT) workers incentives are directly deposited into bank accounts linked to Aadhaar.  At half yearly intervals, employers will give incentives to the employer bank accounts which are linked to PANs.  The initiative links financial incentives with keeping a job and following the rules of the official sector.

Effects and Implications

PM-VBRY aims to help small and medium-sized businesses and expand the formal labor market.  It encourages monetary inclusion and stable work.  The program facilitates long-term financial security and prepares the employees in an evolving economy by incorporating financial literacy.

EPFO - Employees' Provident Fund Organisation Benefits

• Those employees whose monthly income is less than 1 lakh have up to 15,000 rupees.
• Employers will be able to receive up to 3,000 rupees a month of employing more workers.
• Program enhances financial inclusion, gainful employment and financial literacy.