Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY)
The Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) is a ₹99,446 crore Employment Linked Incentive (ELI) scheme announced in the Union Budget 2024–25. Implemented by the Ministry of Labour & Employment through the Employees’ Provident Fund Organisation (EPFO), the scheme will be operational from 1 August 2025 to 31 July 2027.
The initiative aims to boost employment generation, promote workforce formalisation, and encourage skill development, particularly by supporting first-time employees and incentivising employers to create sustainable jobs.
Download Scheme Details
Incentives for First-Time Employees
- Applicable to first-time EPFO members earning up to ₹1, 00, 000 per month
- One-time incentive of up to ₹15, 000, paid in two instalments
- First instalment after 6 months of continuous service
- Second instalment after 12 months of continuous service
- Payment is subject to: Mandatory face authentication Completion of a financial literacy module
- Mandatory face authentication
- Completion of a financial literacy module
Incentives for Employers
- Incentives provided for net additional employment generation
- Duration: 2 years for most sectors 4 years for the manufacturing sector
- 2 years for most sectors
- 4 years for the manufacturing sector
- Monthly incentive per employee ranges from ₹1, 000 to ₹3, 000, based on wage slabs
- Minimum eligibility criteria: Establishments with less than 50 employees must add at least 2 employees Establishments with 50 or more employees must add at least 5 employees
- Establishments with less than 50 employees must add at least 2 employees
- Establishments with 50 or more employees must add at least 5 employees
Implementation & Governance
Baseline employment is calculated as the average employee strength between August 2024 and July 2025. New establishments will have a fixed baseline of 20 employees.
- Incentives are disbursed through Direct Benefit Transfer (DBT):
- To Aadhaar-seeded bank accounts for employees
- To PAN-linked bank accounts for establishments
- Disbursement is subject to:
- Availability of funds
- Strict compliance with Electronic Challan-cum-Return (ECR) requirements