Rs 15,000 to youths on first non-public job: Who qualifies for PM Modi’s Viksit Bharat Rozgar Yojana

Prime Minister Narendra Modi on Friday introduced the launch of PM Viksit Bharat Rozgar Yojana which is predicted to create 3.5 crore jobs in subsequent two years.

On July 1, 2025, the Union Cupboard chaired by Prime Minister Modi had authorised the scheme geared toward incentivising job creation within the nation.

“At this time is August 15 and we’re launching Rs 1 lakh crore scheme for the youth of this nation. It’s excellent news for you that PM Viksit Bharat Rozgar Yojana is being rolled out from At this time,” Modi mentioned in his Independence Day speech.

He mentioned that below this scheme the youth getting first job within the non-public sector will get Rs 15,000 and the businesses (using them) will get incentive quantities.

PM Viksit Bharat Rozgar Yojana will present employment alternatives to three.5 crore youths.

With an outlay of Rs 99,446 crore, the PM Viksit Bharat Rozgar Yojana (PMVBRY) goals to incentivise the creation of greater than 3.5 crore jobs over two years. Of those, 1.92 crore beneficiaries will likely be first timers, coming into the workforce.

The advantages of the scheme can be relevant to jobs created between August 1, 2025, and July 31, 2027.

The title of the scheme is in alignment with the scheme’s total aims in direction of the Viksit Bharat initiative and displays the federal government’s dedication to producing inclusive and sustainable employment alternatives within the nation.

The scheme, which incentivises employers to create new employment, will present advantages for the era of recent jobs throughout varied sectors with particular concentrate on the manufacturing sector.

The scheme consists of two elements, with Half A targeted on first timers and Half B targeted on employers.

Focusing on first-time staff registered with retirement fund physique EPFO, Half-A will guarantee one-month EPF wages as much as Rs 15,000 in two installments. Staff with salaries as much as Rs 1 lakh monthly will likely be eligible.

The first installment will likely be payable after 6 months of service and the 2nd installment after 12 months of service and completion of a monetary literacy programme by the worker.

To encourage the behavior of saving, a portion of the inducement will likely be stored in a financial savings instrument or deposit account for a set interval and could be withdrawn by the worker at a later date.

The employers will get incentives in respect of staff with salaries as much as Rs 1 lakh a month.

The federal government will incentivise employers, as much as Rs 3000 monthly, for 2 years, for every extra worker with sustained employment for at the very least six months. For the employers of the manufacturing sector, incentives will likely be prolonged to the third and 4th years as effectively.

Institutions, that are registered with EPFO, will likely be required to rent at the very least two extra staff (in case of employers with lower than 50 staff) or 5 extra staff (in case of employers with 50 or extra staff), on a sustained foundation for at the very least six months.

All funds to the First Time Staff below Half A of the Scheme will likely be made by DBT (Direct Profit Switch) mode utilizing the Aadhar Bridge Fee System (ABPS).

Funds to the employers below Half B will likely be made immediately into their PAN-linked financial institution accounts.

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