Pradhan Mantri Viksit Bharat Rozgar Yojana
Why in News?
The Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) is in the news because Prime Minister Narendra Modi is scheduled to disburse ₹2,400 crore in incentives under this flagship employment scheme on 19 June 2026 at Vigyan Bhawan, New Delhi. The scheme has already supported the creation of 15 lakh formal job opportunities across India since its launch.
Overview & Objectives
- Nodal Ministry: Implemented by the Ministry of Labour and Employment (MoLE) via the EPFO.
- Total Outlay: Backed by an extensive financial package of ₹99,446 Crore.
- Ultimate Target: Aims to incentivize the creation of 3.5 Crore jobs by July 2027.
- Primary Scope: Covers all formal jobs created between 1 August 2025 and 31 July 2027.
- Vision Alignment: Formulated to enhance social security infrastructure and drive formalisation towards the Viksit Bharat @ 2047 objective.
Part A: Incentives for First-Time Employees
- Target Audience: Fresh entrants joining the formal workforce for the first time.
- Monetary Benefit: Direct financial assistance of up to ₹15,000.
- Salary Cap: Applicable only to employees earning a monthly wage of up to ₹1 Lakh.
- Disbursal Structure: Released in two equal tranches via Direct Benefit Transfer (DBT):
- 1st Installment: Paid after completing 6 months of continuous formal service.
- 2nd Installment: Paid after 12 months, subject to completing an online financial literacy program.
- Savings Component: To build long-term financial discipline, the second installment is locked into a fixed saving instrument for a specific period before withdrawal.
Part B: Incentives for Employers
- Target Audience: PF-registered establishments generating additional, net-new job opportunities.
- Monetary Support: The government provides a wage-based subsidy of up to ₹3,000 per month for every additional employee hired.
- Payment Mode: Direct electronic transfers processed straight into the firm's PAN-linked corporate bank account.
- Sectoral Duration: Designed to support business scaling over multi-year brackets:
- General Sectors: Cash incentives provided for a tenure of 2 years.
- Manufacturing Sector: Extended support for up to 4 years to push the National Manufacturing Mission.
Mandatory Registration Process
- For Employers: Establishments must complete a one-time onboarding form on the Official PMVBRY Portal.
- For Employees: First-time hires must generate a Universal Account Number (UAN) utilizing the Face Authentication Technology (FAT) on the central UMANG Mobile App.
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