New Delhi, August 15, 2025 –
In a landmark address from the Red Fort, Prime Minister Narendra Modi unveiled the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) on India’s 79th Independence Day. This massive employment initiative offers ₹15,000 to young people landing their first job in the private sector and carries an outlay of about ₹1 lakh crore.
A Big Push for First-Time Job Seekers
Under Part A of the Yojana, first-time employees who join EPFO-registered companies and earn up to ₹1 lakh per month will receive a one-month EPF wage—up to ₹15,000—in two installments.
- First installment after six months of continuous employment
- Second installment after twelve months and completion of financial literacy training
A portion of the benefit is reserved in a savings instrument to encourage long-term financial security.
Employers Also Benefit
Part B motivates companies to hire more: EPFO-registered employers receive up to ₹3,000 per month per new hire, for two years—extended to four years in the manufacturing sector.
Requirements vary by company size—for smaller firms (under 50 employees), two extra hires; larger firms (50+), five extra hires. Jobs must last at least six months.
Ambitious Targets and Timeline
Launched on *August 15, 2025, the Yojana runs through **July 31, 2027, with a total budget of ₹99,446 crore to ₹1 lakh crore. It aims to create over **3.5 crore jobs, including approximately *1.92 crore first-time employees.
Why It Matters
This dual incentive program supports both job seekers and employers. It promotes formal hiring through EPFO registration, builds financial confidence via literacy programs, and strengthens career security for youth entering formal employment.
Quick Overview
| Feature | Details |
|---|---|
| Scheme Name | Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) |
| Launch Date | August 15, 2025 |
| Duration | Through July 31, 2027 |
| Budget | ₹99,446 crore to ₹1 lakh crore |
| Target Beneficiaries | ~1.92 crore first-time employees; overall 3.5 crore job opportunities |
| Employee Benefit | ₹15,000 (one-month EPF wage) in two installments, with savings portion |
| Employer Incentive | ₹3,000/month per hire (two to four years depending on sector and retention) |
| Purpose | Boost formal employment, youth empowerment, and business hiring |
| Registration Mechanism | Through EPFO, Aadhaar-linked DBT for employees; PAN-linked transfers for employers |