by PM Viksit Bharat Rozgar Yojana: A New Opportunity for India’s Youth
On Independence Day, Prime Minister Narendra Modi announced a significant new initiative aimed at boosting youth employment across the country. It’s called the PM Viksit Bharat Rozgar Yojana (PM VBRY), and it’s designed to create millions of new jobs in the private sector by offering financial incentives to both new employees and the companies that hire them.
If you’re a young person looking for your first job, or an employer planning to expand your team, this is news you’ll want to pay attention to. Let’s break down what this scheme is all about in simple terms.
What is the PM Viksit Bharat Rozgar Yojana?
Think of this yojana (scheme) as a government push to encourage private companies to hire more first-time employees. The goal is ambitious: to create over 3.5 crore new employment opportunities for young Indians over the next two years.
The government has allocated a massive budget of nearly ₹1 lakh crore for this initiative. The scheme officially started on August 15, 2025, and will run for two years, until July 31, 2027.
Key Highlights of the Scheme:
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Total Budget: ₹99,446 crore
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Job Creation Target: Over 3.5 Crore new jobs
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Scheme Duration: 2 years (from August 2025 to July 2027)
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Focus Sector: Special focus on the manufacturing sector, but open to all private firms.
What’s in it for the Youth? (Employee Incentives)
This is the most exciting part for young job seekers. If you are starting your first private job and meet the criteria, you can receive a direct financial benefit.
Under the PM VBRY, eligible new employees can receive an incentive of up to ₹15,000 per month. This isn’t a salary from the government but a direct benefit paid in two parts:
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First Installment: Paid after you complete six months of continuous employment with the same company.
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Second Installment: Paid after you complete 12 months from your joining date. This portion will be deposited into a savings instrument to encourage long-term financial planning.
To be eligible as an employee, you must:
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Be a first-time employee registering with the Employees’ Provident Fund Organisation (EPFO).
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Join an EPFO-registered company between August 1, 2025, and July 31, 2027.
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Have a monthly gross salary of less than ₹1 lakh.
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Not have been an EPFO member before August 1, 2025.
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Remain employed with the same company for at least six continuous months.
What’s in it for Companies? (Employer Incentives)
The government is also giving a helping hand to private companies to encourage them to hire more fresh talent. To participate, companies must be registered with the EPFO.
The benefits for employers include:
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An incentive of up to ₹3,000 per new employee per month.
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This incentive is paid every six months for two years of continuous employment.
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For companies in the manufacturing sector, this incentive period is extended to four years.
To qualify, companies with fewer than 50 employees must hire at least two new eligible workers. Those with more than 50 employees must hire a minimum of five.
How Does It All Work?
The process is managed digitally to ensure transparency. The incentives are transferred directly to bank accounts using the Direct Benefit Transfer (DBT) system through the Aadhaar Bridge Payment System for employees and to PAN-linked official accounts for employers.
Employers need to register on the EPFO and Shram Suvidha portals and file their monthly Electronic Challan cum Return (ECR) for their employees, which is standard practice for provident fund contributions.
In short, the PM Viksit Bharat Rozgar Yojana seems like a promising step toward addressing youth employment. It creates a win-win situation where young people get financial support as they start their careers, and companies are encouraged to create more jobs.
