PM Viksit Bharat Rojgar Yojana

The Prime Minister announced the Pradhan Mantri Viksit Bharat Rojgar Yojana on Independence Day with a budget of ₹1 lakh crore, aimed at boosting youth employment and job creation.

Key Features of the Scheme

Objective

  • To generate new employment opportunities, especially in the manufacturing sector, while supporting both employees and employers.

Part A – Support to First-Time Employees

  • Targets 1.92 crore new employees registered with EPFO.
  • Eligible employees: those earning up to ₹1 lakh salary.
  • Incentive: ₹15,000 per employee (in two instalments – after 6 and 12 months).
  • A portion of the incentive will be kept in the employee’s savings account.
  • Payments made via Direct Benefit Transfer (DBT) using Aadhaar-based payment system.

Part B – Incentives for Employers

  • Incentive for employers to hire new workers earning up to ₹1 lakh salary.
  • ₹3,000 per month per employee for two years, provided the job is sustained for at least 6 months.
  • For the manufacturing sector, incentives continue in the 3rd and 4th years as well.
  • Expected to generate around 2.6 crore additional jobs.
  • Payments will be transferred to PAN-linked employer accounts.

Significance

  • Encourages youth employment and addresses post-pandemic job market challenges.
  • Provides financial relief to both employees and employers.
  • Strengthens formal employment through EPFO registration.
  • Supports India’s push towards becoming a global manufacturing hub.

Conclusion:

The scheme is a dual incentive model—supporting fresh employees with direct cash benefits while motivating employers to expand hiring, especially in manufacturing.

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