PM Viksit Bharat Rozgar Yojana

Scheme Introduction: A Brief Overview

• Finance Minister Smt. Nirmala Sitharaman announced the Employment Linked Incentive Scheme (ELI Scheme) for First Timers and For Employers in the Union Budget 2024–2025.
• It is part of the Prime Minister's 5-scheme package, which also includes the "PM Internship Scheme" offering internships in the top 500 companies.
• The Central Government approved the launch of the ELI Scheme on 01-07-2025 under the leadership of PM Shri Narendra Modi.
• The ELI Scheme has now been renamed as Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY).
• The scheme aims to:
  • Encourage employers to generate new jobs.
  • Provide financial assistance to first-time employees.
• It will be implemented by the Ministry of Labour & Employment in collaboration with the Employees' Provident Fund Organisation (EPFO).
• PMVBRY consists of two components:
  • Part A: Financial Incentive to First-Time Employees.
  • Part B: Support to Employers.
• First-time employees with a monthly salary of less than Rs. 1 lakh will receive a financial incentive of one month's salary or up to Rs. 15,000.
• Employers will receive a monthly incentive for creating additional jobs:
  • Salary up to Rs. 10,000/month – 10% of salary or max Rs. 1,000/month
  • Salary Rs. 10,001 to Rs. 20,000/month – Rs. 2,000/month
  • Salary Rs. 20,001 to Rs. 1,00,000/month – Rs. 3,000/month
• Employee incentives will be transferred to their Aadhaar-linked bank account.
• Employer incentives will be transferred to their PAN-linked bank account.
• More than 1.92 crore first-time employees and over 2.60 crore employers are expected to benefit from PM Viksit Bharat Rozgar Scheme.
• PM Viksit Bharat Rozgar Yojana applies to jobs created between 1st August 2025 to 31st July 2027.
• Benefits of PMVBRY is applicable on the recruitment on or after 01-08-2025.

Scheme Benefits for Employees

• The Central Government provides financial assistance to newly employed individuals under this scheme.
• An incentive equal to one month's EPF wage or up to Rs. 15,000 is offered in two phases.
• The first payment is made after the employee completes 6 months of continuous service.
• The second installment is disbursed after 12 months of service and successful completion of the Financial Literacy Course.
• This benefit is applicable only if the employee's monthly salary is below Rs. 1,00,000.

Scheme Benefits for Employers

• The Central Government offers monetary rewards to employers for generating new employment opportunities.
• Employers can receive monthly incentives ranging between Rs. 1,000/- and Rs. 3,000/- based on employee wage brackets.
• Those in the manufacturing industry are eligible for incentive benefits for up to 4 years.
• Employers from all other sectors can claim these benefits for a period of 2 years.
• The incentive amount is determined according to the EPF wage of the employee, as outlined below:
  • For employees earning up to Rs. 10,000/month – Incentive is 10% of salary or up to Rs. 1,000/month.
  • For salaries between Rs. 10,001 to Rs. 20,000/month – Fixed incentive of Rs. 2,000/month.
  • For salaries between Rs. 20,001 to Rs. 1,00,000/month – Fixed incentive of Rs. 2,000/month.

Eligibility Requirements for Employees

• Only individuals entering formal employment for the first time can avail the scheme benefits.
• The employee needs to be enrolled with the Employees' Provident Fund Organisation (EPFO).
• The monthly salary of the first-time employee must be below Rs. 1,00,000/-.
• The employee must have completed a minimum tenure of six months with the employer.

Eligibility Requirements for Employers

• The benefits of PM Viksit Bharat Rozgar Yojana are open to employers across every industry.
• Entities with a workforce of fewer than 50 must onboard at least 2 new employees annually to qualify.
• Organizations employing over 50 individuals are required to recruit a minimum of 5 new employees each year.
• To be eligible for benefits, newly appointed staff must complete a minimum of six months in service.
• The monthly salary of the recruited employee should not exceed Rs. 1,00,000/-.

Required Documents for Employees

• Employee's Aadhaar Identity Proof.
• Bank Account Number seeded with Aadhaar Card.
• Employee's PAN details.
• Universal Account Number (UAN) allotted by EPFO.
• Letter of appointment or joining confirmation.
• Active mobile contact number.
• Personal email ID for communication.
• Passport-sized photograph.

Required Documents for Employers

• Valid GST or CIN number of the Business Entity.
• Permanent Account Number (PAN) of the Organization.
• Active Bank Account Details associated with the entity.
• Tax Deduction and Collection Account Number (TAN).
• ECR Reports.

Steps to Apply for Employees

• When an individual joins a job for the first time, the EPFO issues a UAN (Universal Account Number) to them.
• To qualify for the one-time wage benefit or a maximum incentive of Rs. 15,000/-, the employee must ensure that their UAN is activated.
• The employee's bank account should also be linked with their Aadhaar to be eligible for the scheme.
• Only those employees working with organizations already enrolled under the PM Viksit Bharat Rozgar Yojana/ EPFO can avail the benefit of this scheme.
• The employer is responsible for registering first-time employees with the EPFO and initiating their UAN generation process.
• Once registered, first-time workers will automatically become eligible for the PM Viksit Bharat Rozgar Yojana incentives.
• The financial benefits under this scheme will be distributed in two separate phases.
• The first installment will be credited after the employee completes 6 months of continuous service.
• The second installment will be issued upon completion of 12 months of employment and a Financial Literacy Course.
• Employees are required to complete this Financial Literacy Course before finishing their 12-month term.
• To begin the course, employees must log in to the EPFO portal using their UAN and registered mobile number.
• After logging in, navigate to 'My Dashboard' and click on the Learning Section.
• Select the option 'Financial Literacy for ELI Members' and complete the enrollment.
• The course involves watching all educational video modules provided on the platform.
• Upon successful completion, a course completion certificate will be generated online.
• Receiving this certificate makes the employee eligible for the second installment under the PM Viksit Bharat Rozgar Yojana.

Steps to Apply for Employers

• Employers aiming to claim monthly incentives under the PM Viksit Bharat Rozgar Yojana doesn't have any need to register themselves.
• But it is compulsory to provide details like PAN, GSTIN, PAN linkage, and ensure timely submission of monthly ECR filings.
• The Official Portal of PM Viksit Bharat Rojgar Yojana is live from which all the information related the scheme can be obtained.
• It is important to fill out the following details in EPFO website to avail the benefits of PMVBRY :-
  • Company/ Organization Name
  • PAN Number
  • TAN Number
  • GST Identification Number
  • Bank Name and Branch
  • IFSC Code
  • Account Number
• Employers are required to provide data regarding new employees recruited on or after 1st August 2025.
• Timely monthly ECR submission is essential for the entity to remain eligible for benefits.
• Under the Pradhan Mantri Viksit Bharat Rozgar Yojana, the incentive will be directly transferred to the PAN-linked bank account of the registered employer.

Relevant Links

• PM Viksit Bharat Rozgar Yojana Website.
• Employer Login of PM Viksit Bharat Rozgar Yojana.
• Employee Login of PM Viksit Bharat Rozgar Yojana.
• PM Viksit Bharat Rozgar Yojana Guidelines.
• Ministry of Labour and Employment.
• Employees Provident Fund Organisation.

Contact Information

• Helpline Number of PM Viksit Bharat Rozgar Yojana :- 18001801850
• Contact Numbers of Ministry of Labour & Employment.