PM Viksit Bharat Rozgar Yojana: Check how to apply, who is eligible and how to get Rs 15,000 incentive in your account

The central government led by Prime Minister Narendra Modi today launched the employment incenvtive scheme Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) on Independence Day. Speaking from the ramparts of Red Fort in Delhi, Prime Minister Narendra Modi announced the launch of the employment scheme starting today August 15, 2025, offering financial support to both first-time job employees and the employers. The scheme will be operated by the Employees’ Provident Fund Organisation (EPFO). As per the government announcement, the scheme has a budget total budget outlay of Rs 99,446 crore and aims to create over 3.5 crore jobs in two years.

What is the scheme?

PM-VBRY provides direct cash incentives to eligible employees and employers to boost formal job creation.

Part A – Employees

• First-time EPFO-registered workers earning up to ₹1 lakh per month
  
  
• Incentive up to ₹15,000, paid in two instalments:
  
  
  • First instalment after completing 6 months in the job
    
    
  • Second instalment after 12 months and completing a financial literacy module
    
    
• Part of the second instalment is held in a designated savings account to promote long-term savings
  
  

Part B – Employers

• EPFO-registered companies hiring additional staff
  
  
• Incentive up to ₹3,000 per month per eligible new hire
  
  
• Benefit for two years for most sectors; up to four years for manufacturing firms
  
  
• Hiring thresholds: at least 2 extra hires for companies with under 50 staff, and 5 extra for companies with 50 or more employees

Who can apply?

For employees:

• Join an EPFO-registered establishment after 15 August 2025
  
  
• Earn gross wages of ₹1 lakh per month or less
  
  
• Create a UAN using Aadhaar-based face authentication via the UMANG app
  
  
• Stay employed for at least 6 months to get the first instalment, and 12 months with financial literacy training for the second instalment
  
  

For employers:

• Must have an EPFO code (via the Shram Suvidha Portal) and be registered on EPFO’s employer login portal
  
  
• Hire eligible new or re-joining workers with Aadhaar-authenticated UANs
  
  
• Submit monthly Electronic Challan cum Return (ECR) with PF contributions on time
  
  
• Maintain new hires for a minimum of 6 months to qualify for incentives

How to apply?

For employees:
No separate application is required. Once a PF account is created for the first time and linked to Aadhaar, eligibility is automatic. Payments are transferred directly to the Aadhaar-seeded bank account.

For employers:

1. Obtain an EPFO code through the Shram Suvidha Portal
   
   
2. Register on EPFO’s employer login to access the PM-VBRY interface
   
   
3. Hire eligible employees and ensure they meet wage and registration criteria
   
   
4. File monthly ECR with contributions
   
   
5. Incentives are credited to the PAN-linked company bank account every 6 months via Direct Benefit Transfer (DBT)

Payment schedule and benefits

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The scheme is designed to promote formalisation of jobs, strengthen financial security, and support small and medium enterprises. By linking direct cash benefits to job retention and financial literacy, PM-VBRY aims to create stable employment while preparing the workforce for the future economy.