By CareerVarta | August 15, 2025 — New Delhi
In this Independence Day address from the Red Fort, Prime Minister Narendra Modi unveiled the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) — a landmark employment-linked incentive scheme with a massive outlay of ₹99,446 crore. The initiative is expected to generate over 3.5 crore formal sector jobs across India in the next two years.
Key Features of PM-VBRY
- Budget Allocation: ₹99,446 crore for 2025–2027
- Job Creation Target: 3.5 crore new jobs in the formal sector
- Incentive for First-Time Employees:
- ₹15,000 direct benefit for employees earning up to ₹1 lakh/month
- Disbursed in two installments after 6 and 12 months of continuous service
- Linked to completion of a financial literacy program
- Employer Benefits:
- Up to ₹3,000 per month per eligible new hire as EPFO contribution reimbursement
- Extra incentives for the manufacturing sector
- Scheme Duration: Valid from August 1, 2025, to July 31, 2027
Objective of the Scheme
The PM-VBRY is designed to:
- Encourage youth employment in the formal sector
- Reduce reliance on the informal workforce
- Promote long-term retention through financial incentives
- Expand social security coverage via EPFO participation
Impact on Youth, Employers & Economy
- For Youth:
- Direct financial benefits
- Enhanced job stability
- Social security through EPFO
- For Employers:
- Reduced hiring costs
- Stronger incentives to expand workforce
- For the Economy:
- Boost in formal employment participation
- Promotion of skill development
- Structured job creation at scale
Official Resource
For detailed guidelines, eligibility criteria, and the application process, visit the official Government of India PM-VBRY portal:
🔗 https://www.india.gov.in
Disclaimer
This article is based solely on official information released by the Government of India. Readers are advised to refer to government portals for the most accurate and updated details.
