Due to rising unemployment, the central government has launched the Pradhan Mantri Vikas Bharat Rozgar Yojana. This scheme aims to create employment on a national level. This scheme benefits both employers and job seekers.
First-time job seekers will receive an incentive of up to ₹15,000 in two installments, and employers will receive up to ₹3,000 per month for two years for additional employment creation. This article provides information about the Pradhan Mantri Vikas Bharat Rozgar Yojana.
Pradhan Mantri Viksit Bharat Rozgar Yojana
The PM Vikas Bharat Rozgar Yojana aims to connect people with employment. The new scheme provides incentives to both employers and new employees. This will encourage youth to seek employment and directly create jobs in various sectors.
Benefits of PM Viksit Bharat Rozgar Yojana
Under the Pradhan Mantri Vikas Bharat Rojgar Yojana (PMVVY), the youth who get a job will receive a financial assistance of ₹15,000 in two installments: the first installment will be provided after six months of employment and the second installment after one year.
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Who can Apply for PM Viksit Bharat Rozgar Yojana?
- Employee start working for an EPFO-registered company.
- Exempted Trust or EPFO member prior to August 1, 2025.
- The gross salary must be ₹1,000,000 per month.
- The employee must work consistently for the same company.
Benefits Provided to Eligible Beneficiaries
Benefits to Employee
- Financial Support for the First-Time Employees.
- One-month EPF wage up to Rs. 15,000/- incentive in 2 installments.
- 1st Installment will be released on completion of 6 months.
- 2nd Installment will be released on completion of 12 months.
Benefits to Employer
- Financial Incentive from the Central Government.
- Incentive from Rs. 1,000/- per month to Rs. 3,000/- per month.
- Manufacturing Sector Employer will receive the benefit for 4 years.
- Central Government will provide the financial incentive.
Eligibility Conditions Required
Eligibility Criteria For Employee
- First-time employees are Eligible.
- Registration with the Employees’ Provident Fund Organization (EPFO) is a must.
- The Monthly Salary of a First-time employee should be less than Rs. 1 lakh.
- Employment of an Employee should be at least 6 months old.
Eligibility Criteria For Employer
- PM Viksit Bharat Rozgar Yojana Benefits are applicable to Employers of all Sectors.
- Employer will have to hire at least 2 additional employees per year.
- Employer will have to hire at least 5 additional employees per year.
- Pradhan Mantri Viksit Bharat Yojaan benefits will only be applicable when hired Employee completed 6 months.
- The Salary of the hired Employee should not be more than Rs. 1 lakh.
The Pradhan Mantri Vikas Bharat Rojgar Yojana (PMVVY) helps address rising unemployment. Under this scheme, employers will receive financial incentives of up to ₹3,000 per employee per month.

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