Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY)

The Government of India has launched the Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY), an employment-linked incentive scheme aimed at creating millions of formal jobs across the country. The scheme, launched on August 15, 2025, provides financial incentives to both employers and first-time employees to promote formal employment and strengthen social security coverage.

Key Objectives of PMVBRY

The PMVBRY is designed to:

• Encourage employers to generate additional employment opportunities.

• Formalize employment across sectors, especially manufacturing.

• Provide financial support and social security benefits to first-time employees.

• Promote skill development and financial literacy among new entrants to the workforce.

The government expects the scheme to create over 3.5 crore jobs in the next two years.

Benefits for Employees

Eligibility:

• First-time employees who have never contributed to the Employees' Provident Fund (EPF) before August 1, 2025.

• Employees joining the workforce between August 1, 2025, and July 31, 2027.

Incentive:

• A one-time payment of up to ₹15,000 (equivalent to one month's average wage, Basic + DA).

• Payment is disbursed in two installments:

  • First installment: After completing 6 months of employment.

  • Second installment: After 12 months and completion of a financial literacy course.

Payment Method:

• Direct Benefit Transfer (DBT) via Aadhaar Bridge Payment System (ABPS).

Employee Registration:

• Employees can register and generate a Universal Account Number (UAN) using the UMANG App with Face Authentication Technology.

Benefits for Employers

Objective: Encourage employers to hire additional employees and support workforce expansion.

Incentive:

• Up to ₹3,000 per month per new employee for at least 6 months.

• Duration: 2 years for general establishments; 4 years for manufacturing sector establishments.

Eligibility:

• Small establishments: Must hire at least 2 additional employees.

• Large establishments: Must hire at least 5 additional employees.

Employer Registration:

• Employers must complete one-time registration on the official PMVBRY portal: https://pmvbry.epfindia.gov.in or https://pmvbry.labour.gov.in

How to Apply

For Employees:

1. Download the UMANG App or visit the PMVBRY portal.

2. Register with your Aadhaar and create a UAN.

3. Complete the employment verification and financial literacy training to receive incentives.

For Employers:

1. Visit the official PMVBRY portal.

2. Complete one-time registration for your establishment.

3. Report the hiring of new employees to claim financial incentives.

Key Takeaways

• PMVBRY provides a win-win solution for employers and employees by promoting formal employment.

• The scheme ensures financial assistance, social security coverage, and skill development.

• Both small and large establishments benefit, boosting overall job creation in India.

For more information and to register, visit: https://pmvbry.epfindia.gov.in