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
- With the reference to PM Viksit Bharat Rojgar yojana, consider the following statements:
- This Scheme is valid for 1 August 2025 to 31 July 2028.
- It focuses on employment generation in all sectors, majorly manufacturing sector.
- Employer will get up to Rs 3,000 per month incentive for every additional employment.
- 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