18th August 2025 (15 Topics)
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Pradhan Mantri Viksit Bharat Rozgar Yojana
Context:
On the 79th Independence Day, Prime Minister announced the launch of the Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY) with an outlay of nearly ?1 lakh crore to generate over 3.5 crore jobs in two years.
About the Scheme
- Launched in 2025 with an allocation of nearly ?1 lakh crore.
- Aims to generate 5 crore jobs in two years, with dual focus on first-time employees and employers.
- Incentives to be provided through Direct Benefit Transfer (DBT) and PAN-linked employer accounts.
Part A – Support to First-Time Employees
- Eligible for employees earning up to ?1 lakh/month and newly registered under EPFO.
- Incentive: Up to ?15,000 in two instalments (after 6 months and 12 months + completion of financial literacy programme).
- Benefit coverage: 92 crore first-time employees.
- Promotes financial inclusion by mandating savings in deposit instruments.
Part B – Incentives for Employers
- Applicable to all sectors, with emphasis on manufacturing.
- Incentive:Up to ?3000/month per new employee for 2 years; extended to 3rd and 4th year for manufacturing sector.
- Expected to support creation of 60 crore jobs.
- Aims at formalisation of workforce and wider social security coverage.
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