• Source:JND
Add as a preferred

Pradhan Mantri Viksit Bharat Rozgar Yojana: Prime Minister (PM) Narendra Modi on Friday announced "Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY)" and said those getting the first job in the private sector will get Rs 15,000 from the Centre. PM emphasised the immediate implementation of the scheme, reflecting the government’s drive to foster a strong employment ecosystem in both the private sector and wider economy.

Delivering his address to the nation from the ramparts of the Red Fort on the 79th Independence Day, PM Modi said the Rs 1 lakh crore scheme will come into effect immediately. He said the scheme will benefit more than 3.5 crore people.

PMVBRY aims to create new jobs across all sectors, with a strong emphasis on manufacturing. The Ministry of Labour & Employment indicates the scheme consists of two parts: Part A focuses on first-time employees and Part B provides incentives to employers.

Under Part A, individuals securing their first job will get up to Rs 15,000 in two instalments, directly transferred through directly benefit transfer (DBT) using Aadhaar authentication. The payment is conditional upon 6 and 12 months of continuous employment and a financial literacy course.

For employers, Part B offers up to Rs 3,000 monthly incentive for each new employee earning up to Rs 1 lakh, provided jobs are sustained for at least 6 months, with additional support for manufacturing up to 4 years. Employers must hire at least two new employees (if <50 staff) or 5 (if ≥50 staff), with incentives paid directly into their PAN-linked accounts after meeting eligibility.

 

Also Read: SSC CPO SI Paper 2 Final Key Out At ssc.gov.in, Mark To Be Released Soon, Check More Details Here

Key Points About Pradhan Mantri Viksit Bharat Rozgar Yojana:

-Targets creation of over 3.5 crore jobs in two years with Rs 1 lakh crore outlay.

-Provides up to Rs 15,000 incentive to first-time employees joining the private workforce.

-Incentivises employers up to Rs 3,000 per month for each new job created and retained.

-Focuses on all sectors, with special emphasis on manufacturing for longer employer benefits.

-Ensures payments via Direct Benefit Transfer (DBT) mode using Aadhaar and PAN authentication.

Scheme Structure And Implementation:

PMVBRY reflects the government’s commitment to sustainable, inclusive employment opportunities under the Viksit Bharat initiative. The scheme is administered by the Ministry of Labour & Employment, using the Employees’ Provident Fund Organisation (EPFO) database and direct digital payments for transparency and speed.

With its unique dual benefit, support to employees and employers, it aims to boosting labour market of india and foster financial security among youth.

Employer & Employee Benefits Explained:

Both employees and employers stand to benefit from PMVBRY. New employees receive a financial boost and lessons in financial literacy, while employers are encouraged to expand their workforce responsibly. By directly linking incentives to actual job creation and retention, the scheme seeks to maximize genuine employment and long-term impact.

In summary, PMVBRY is a bold national step for job creation, aiming to bring millions of young Indians into the workforce with both financial and knowledge support, while motivating businesses across sectors to expand employment sustainably in india.

Also Read: Indian Police Ranks & Insignia: From Constable To DGP Know Your Police Hierarchy