PM Viksit Bharat Rozgar Yojana: Job Opportunities for Youth India

Introduction

The PM Viksit Bharat Rozgar Yojana (PM-VBRY), formerly known as the Employment Linked Incentive (ELI) Scheme, is a landmark initiative by the Government of India. Launched on 1 August 2025, the scheme aims to generate 3.5 crore new jobs over two years (till 31 July 2027), with a special focus on supporting first-time job seekers and incentivizing employers—especially in the manufacturing sector—toward formal job creation.

Scheme Overview & Objectives

  • Launch Date & Duration: Effective from 1 August 2025 to 31 July 2027.
  • Budget Outlay: ₹99,446 crore dedicated toward employment incentives.
  • Target: Create over 3.5 crore jobs, of which 1.92 crore will benefit youth entering the workforce for the first time.

Part A: Incentives for First-Time Employees

  • Eligible Beneficiaries: Fresh entrants to formal employment registered with EPFO, earning up to ₹1 lakh/month.
  • Incentive Structure: One-month EPF wage (capped at ₹15,000), disbursed in two installments.
    • 1st installment: After 6 months of continuous employment
    • 2nd installment: After 12 months plus completion of a financial literacy programme .
  • Encouraging Savings: A portion of the amount is held in a savings or deposit account to instill a habit of long-term saving.

Part B: Support for Employers

  • Objective: Motivate employers across sectors—particularly manufacturing—to hire additional staff.
  • Eligibility Conditions:
    • Firms with <50 employees must hire at least 2 additional workers.
    • Firms with ≥50 employees must hire at least 5 additional workers.
    • The new hires must sustain employment for at least 6 months.
  • Incentive Tiers: Monthly incentive per additional employee:
    • EPF salary ≤ ₹10,000 → up to ₹1,000
    • ₹10,001–₹20,000 → ₹2,000
    • ₹20,001–₹1,00,000 → ₹3,000
    • Manufacturing sector employers can receive incentives for up to 4 years; others up to 2 year.

Disbursement Mechanism

  • Employees: Payments via Direct Benefit Transfer (DBT) using the Aadhaar Bridge Payment System (ABPS) .
  • Employers: Incentives credited directly to the PAN-linked bank accounts .

Strategic Importance & Impact

  • Drives India’s Viksit Bharat vision by strengthening formal employment.
  • Promotes jobs-led economic recovery, especially in manufacturing and organized sectors .
  • Encourages financial literacy and saving habits among new employees.
  • Fosters better job retention by offering tangible early-career benefits—making formal jobs more attractive and stable .

Recent Awareness Initiatives

EPFO has actively conducted training and awareness sessions across India:

  • Khanna (Ludhiana): Employer–employee session led by EPFO to highlight scheme benefits .
  • Bhubaneswar: In-depth discussions held to inform stakeholders of scheme mechanics and opportunities
  • Ludhiana PF Office Seminar: Officials offered clarifications and emphasized long-term benefits and job stability

Conclusion

The PM Viksit Bharat Rozgar Yojana marks a milestone in India’s employment policy by offering a dual incentive model—empowering both first-time job seekers and enterprise growth. With robust financial support, assured benefits, and streamlined digital disbursement, PM-VBRY is poised to reshape formal job creation and propel India toward its Viksit Bharat aspirations.

References & Sources

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