PM Vikasit Bharat Rozgar Yojana: Intending to connect India’s youth to formal employment and create large-scale employment opportunities in industries, Prime Minister Narendra Modi launched the Pradhan Mantri Vikasit Bharat Rozgar Yojana on August 15, 2025. With a budget of ₹1 lakh crore, this scheme pledges to bring about an employment revolution in the country. The government aims to create approximately 35 million new employment opportunities over the next two years, primarily benefiting first-time job seekers and private sector employers who recruit them.

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What is the Pradhan Mantri Vikasit Bharat Rozgar Yojana?

This is an employment-linked incentive scheme implemented through the Employees’ Provident Fund Organization. Under this scheme, youth will receive direct cash assistance upon securing their first job in the formal sector. Private companies recruiting new candidates will also receive financial incentives to encourage more organizations to hire young people.

Youth will receive direct benefits for their first job

Under this scheme, young people who are employed for the first time will receive a financial incentive of ₹15,000. This amount will be released in two installments. The first installment will be available after the employee has been employed for six months continuously. The second installment will be available after 12 months of successful employment, with a portion directly deposited into a savings scheme. For the second installment, young people will be required to complete a financial literacy module. This initiative will not only strengthen youth financially but also develop their financial understanding.

Recruitment Incentives for Employers

Private companies and industries will receive a monthly assistance of ₹3,000 for a maximum of two years for hiring new employees under this scheme. This benefit will be applicable for four years in the manufacturing sector. Companies with fewer than 50 employees will be required to hire at least two new people, while establishments with 50 or more employees will be required to make at least five new hires.

Eligibility and Conditions

This scheme is only valid for youth who are joining formal employment for the first time and whose monthly salary is up to ₹1 lakh. Candidates must be registered with the Employees’ Provident Fund. Benefits under the scheme will only apply to jobs created between August 1, 2025, and July 31, 2027. Employees must have worked regularly for a minimum of six months and must make timely EPF contributions.

How to Apply

First-time employees will activate their Universal Account Number, complete face authentication, and initiate EPF contributions. Employers will recruit a specified number of new employees, register them in the EPFO ​​system, and comply with the prescribed rules.

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New Momentum for Economic Growth

This scheme provides a strong career start for youth and encourages industry expansion. The focus on financial awareness, savings, and skill development makes this scheme not just an employment program but a campaign for building the future. This will energize the employment market, increase self-reliance, and accelerate growth.