The Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) is a major employment promotion initiative launched by Prime Minister Narendra Modi on August 15, 2025.
 
Key Points of Viksit Bharat Rozgar Yojana

• Scheme Launch & Goal: Launched by PM Modi on August 15, 2025, aiming to create 3.5 crore (35 million) new jobs in two years till July 31, 2027.
• Budget & Timeframe: Total outlay of ₹99,446 crore. The scheme applies to jobs created between August 1, 2025, and July 31, 2027.

Direct Benefit to Youth:

• First-time private sector job-seekers receive a one-time incentive of ₹15,000.
• Distributed in two installments: first after six months of continuous employment, second after twelve months and completion of a financial literacy module.
• The second installment is credited into a savings instrument to promote long-term discipline.

Eligibility (Employees):

• Must be getting their first private sector job.
• Monthly salary must be up to ₹1 lakh.
• Must not have been an EPFO or Exempted Trust member before August 1, 2025.
• Must work continuously for at least six months in the same company.
• EPFO registration and Universal Account Number (UAN) activation required.

Eligibility (For Companies):

• Must be EPFO-registered
• Must add new employees meeting the above criteria

Incentive for Employers:

• EPFO-registered companies recruiting eligible new employees receive up to ₹3,000 per month per hire for two years (four years for manufacturing sector).
• Minimum hiring thresholds: 2 new employees for companies with under 50 staff; 5 new employees for companies with 50 or more staff.

Focus Sectors:

• Manufacturing, MSMEs, services, and technology are main targets for job creation.

Skill Development & Financial Literacy:

• Beneficiaries must complete a financial literacy program to receive the second installment, promoting savings and financial awareness.

Application Process:

• Youth must activate UAN and complete EPF formalities.
• Employers must register new hires under EPFO and fulfill eligibility conditions.

Benefits and Impact

• Economic growth and skill development for youth
• Strengthening of financial literacy and savings habits among beneficiaries
• Promotes a self-reliant India by supporting new entrants to the workforce
• Provides significant support to both job-seekers and industries, especially in sectors with high job-generation potential

The PM Viksit Bharat Rozgar Yojana is positioned as a transformative step towards large-scale job creation and youth empowerment, especially for those entering the private sector for the first time, while also providing meaningful incentives to employers who contribute to employment growth.

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