PM Viksit Bharat Rojgar Yojana

PM Viksit Bharat Rojgar Yojana

Why is in is it in news?

  • PM Viksit Bharat Rojgar Yojana will come into effect from 1st August, 2025 to replacing Employment Linked Incentive (ELI) Scheme.
  • Objective: Promote formal employment and inclusive job creation towards Viksit Bharat initiative vision and expanding EPFO coverage.
  • Outlay : 99,446 Crore
  • Aim: To incentivize the creation of more than 3.5 crore jobs in two years including 1.92 crore first-time entrants into the workforce.
  • Time period: 1 August, 2025 to 31 July, 2027
  • Scheme consists of two parts with part A focused on first timers and Part B focused on employers.

 

Part A: Incentives for Employee

  • Eligibility: First time. EPFO-registered workers earning ≤ 1 lakh/month
  • Benefit: 1 month EPF wage (max ₹15,000) in two installments, first installment will be Payable after 6 months of service and 2nd after 12 month of service.
  • Condition: Completion of a financial literacy programme, Part of amount is locked in a savings scheme to encourage the habit of saving.

 

Part B: Support to Employers

  • Applies to: New hires with salary ≤ Rs.1 Lakh/month. Must hiring for EPFO registered companies.
  • Benefit: The government will incentivize employers, upto Rs 3000 per month, for 2 years, for each additional employee with sustained employment for at least 6 months.

 

The incentive structure.

EPF Wage Slabs of additional Employee (in Rs. Benefit to the Employes (Per additional employment per month) (in Rs.)
upto 10,000 upto 1,000
10,000-20,000 2,000
20,000 – 1 lakh 3,000

 

 

Payment Mechanism

  • Part A: Payments to First time employees will be made through DBT mode using the ABPS (Aadhar Bridge Payment System)
  • Part B: Payments to the employers will be made directly into their PAN-linked Accounts.

Note: Content for RAS mains paper-I and UPSC mains paper-III

 

Reference : PIB

  1. With the reference to PM Viksit Bharat Rojgar yojana, consider the following statements:
  2. This Scheme is valid for 1 August 2025 to 31 July 2028.
  3. It focuses on employment generation in all sectors, majorly manufacturing sector.
  4. Employer will get up to Rs 3,000 per month incentive for every additional employment.
  5. Payment Mechanism for employee and employer is through DBT mode using ABPS.

 

Which statements is/are correct?

(a) Only 1 and 2                                (b) Only 2 and 4

(c) Only 2 and 3                                (d) All are correct

Ans (c) option: Only 2 and 3

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