Prime Minister Viksit Bharat Rozgar Yojana (PM-VBRY): Empowering India’s Youth with New Job Incentives

The Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) is a flagship employment scheme launched by the Indian government with the goal of creating more than 3.5 crore jobs between 1 August 2025 and 31 July 2027. This ambitious ₹1 lakh crore initiative directly incentivizes first-time job seekers in the private sector and the employers who recruit them, aiming to make the Indian workforce more robust, skilled, and financially secure.

Key Incentives Offered

• For Employees (First-time Jobholders):

• Eligible youth will receive a direct incentive of up to ₹15,000, credited to their bank account in two installments:

• The first installment comes after completing six months in their first private sector job.

• Second installment after twelve months of continuous employment and completion of a financial literacy program. Part of this will be deposited in a savings instrument to promote long-term saving and financial discipline.

• For Employers:

• Employers who hire eligible youth are provided up to ₹3,000 per month per new employee as a subsidy toward EPFO contributions, particularly benefiting private and manufacturing sectors. This support may extend for two to four years based on employee retention.

Eligibility Criteria

Who Should Enroll?

• Youth beginning their first job in the private sector with a monthly salary up to ₹1 lakh and who have never been members of EPFO before the scheme’s effective date.

• Private sector employers, especially in manufacturing, who are looking to expand their workforce, can enroll their eligible new employees to avail of the incentive and subsidy.

Procedure for Enrollment

For Employees:

1. Join a Registered Employer:Secure a first-time private sector job with an EPFO-registered company between 1 August 2025 and 31 July 2027.

2. EPFO Registration: Ensure your employer registers you with EPFO and helps generate and activate your UAN (Universal Account Number).

3. Mandatory EPF Deduction: Start contributing to your EPF as per the scheme guidelines.

4. Financial Literacy Program: To receive the second installment, complete the required financial literacy training, as prescribed by the government.

5. Monitor Installments: Receive the first incentive after six months of service and the second after 12 months, with a portion credited to a savings instrument.

For Employers:

1. EPFO Registration: Ensure the company is EPFO-registered and up to date with compliance.

2. Hire Eligible Youth: Recruit and register qualifying first-time employees within the scheme period.

3. EPF Contribution: Start deducting and remitting EPF for these employees.

4. Claim Subsidies: Claim employer subsidy as per guidelines, ensuring all records are transparent and up to date.

Additional Features

• The scheme includes mandatory financial literacy programs for youth.

• Focus on enhancing long-term financial security and encouraging savings among the new workforce.

• The initiative is structured to promote stable employment, skill-building, and greater formalization of jobs in India’s private sector.

Conclusion

PM Viksit Bharat Rozgar Yojana is set to be a game-changer for India’s job market, encouraging youth employment while supporting employers to generate stable, formal sector jobs. For freshers seeking their private sector debut and businesses aiming to expand the workforce, enrolling in the scheme offers direct financial and developmental benefits. For enrollment and detailed guidelines, interested candidates and employers should refer to the official EPFO portal and government notifications active from 1 August 2025 onward.

Click here for the official press release of the scheme.