| Scheme Name | PM Viksit Bharat Rozgar Yojana (PM-VBRY) |
|---|---|
| Launched By | Central Government of India (Budget 2025) |
| Beneficiaries | First-time Job Seekers, Employers |
| Objective | Incentivize 3.5 Crore new jobs |
What is PM Viksit Bharat Rozgar Yojana?
The PM Viksit Bharat Rozgar Yojana (PM-VBRY) is a flagship initiative announced in the Union Budget 2025. The scheme aims to generate employment for over 3.5 crore youth across India. Under this scheme, the government provides EPF-linked incentives to both employees and employers for new recruitments.
PM Viksit Bharat Rozgar Yojana 2025: Online Apply, Eligibility & Registration : Detailed Notification & Overview
Benefits of the Scheme
- For Employees: Direct benefit transfer of a portion of EPF contribution or wages for first-time employees.
- For Employers: Incentives for hiring new staff, reducing the cost of employment.
- Focus Area: Manufacturing and formal sectors are primary targets.
Eligibility Criteria
To avail the benefits of PM-VBRY, the following eligibility criteria must be met:
- Applicant must be a new employee joining the formal workforce for the first time.
- The monthly salary should be less than the prescribed limit (approx ₹25,000 – ₹30,000).
- The employer establishment must be registered with EPFO.
Documents Required
- Aadhar Card (Linked with Mobile)
- PAN Card
- Bank Account Details (Linked with Aadhar)
- UAN (Universal Account Number) generated by Employer
- Educational Certificates
How to Apply (Application Procedure)
The application process is primarily handled through the employer via the EPFO portal. Here is the step-by-step procedure:
- Step 1: The employer registers the new employee on the EPFO Unified Portal.
- Step 2: Employee’s Aadhar is seeded with the UAN.
- Step 3: The establishment claims the benefit by filing the Electronic Challan-cum-Return (ECR).
- Step 4: The subsidy amount is credited directly to the beneficiary’s UAN or employer’s account depending on the scheme sub-type.
Frequently Asked Questions (FAQ)
Who is eligible for PM Viksit Bharat Rozgar Yojana?
First-time employees joining the formal sector with a valid UAN and Aadhar are eligible.
Is this scheme applicable to all states?
Yes, this is a Central Government scheme applicable to all Indian states.
What is the benefit amount?
The government typically contributes the employee’s share (12%) or both shares of EPF for a specialized period (usually 2 years).
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