Pradhan Mantri Viksit Bharat Rojgar Yojana to Create Over 3.5 Crore Jobs

The Union Cabinet, on July 1, 2025, approved the Employment Linked Incentive (ELI) Scheme titled Pradhan Mantri Viksit Bharat Rojgar Yojana (PMVBRY). The scheme is aimed at promoting employment generation, improving employability, and strengthening social security across all sectors of the economy, including MSMEs and rural enterprises, with special emphasis on the manufacturing sector.

Scope, Timeline and Financial Outlay

The incentives under PMVBRY will apply to jobs created during a two-year registration window from August 1, 2025, to July 31, 2027. The scheme targets the creation of over 3.5 crore jobs nationwide within this period. It has been allocated a substantial budgetary outlay of ₹99,446 crore.

Incentives for First-Time Employees (Part A)

Under Part A of the scheme, first-time employees of both existing and new establishments will be eligible for an incentive equal to one month’s Employees’ Provident Fund (EPF) wage, capped at ₹15,000. This incentive will be disbursed in two instalments during the first year of employment. The first instalment of up to ₹7,500 will be paid after six months of continuous employment. 

The second instalment will be released upon completion of twelve months of employment and successful completion of a prescribed Financial Literacy Programme, and will be credited to a designated savings instrument or savings account for a specified period.

Employer Incentives (Part B)

Part B of the scheme focuses on encouraging employers by providing an incentive of up to ₹3,000 per month for each additional employee, provided the employment is sustained for a minimum period of six months.

Also Read: Gruha Lakshmi Scheme Payment Delays: Karnataka Minister Admits Lapse

Overview of Aatmanirbhar Bharat Rojgar Yojana

The Aatmanirbhar Bharat Rojgar Yojana (ABRY) was launched on October 1, 2020, to support employers in creating new jobs and restoring employment losses during the COVID-19 pandemic. The registration of beneficiaries under the scheme closed on March 31, 2022, with registered beneficiaries eligible to receive benefits for two years from their date of registration. Since its inception, benefits have been extended to 60.49 lakh beneficiaries across the country as of March 31, 2024.

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