On the auspicious occasion of August 15, Prime Minister Narendra Modi announced a new and ambitious scheme for the country’s youth from the Red Fort. The name of this scheme is ‘PM Vikasit Bharat Yojana‘, under which young people joining the workforce for the first time will be given financial assistance by the government. On hearing about this scheme, the question arising in the minds of many youth is whether those who already have a PF account will also get the benefit of this scheme. Let us get complete information about the rules and eligibility of this scheme.
Will PF account holders get the benefit
Under the PM Vikasit Bharat Yojana, the government will provide financial assistance of ₹ 15,000 to the youth. This amount will be given only to those youth who are starting their first job. Many people have this doubt: if they already have a PF account, can they also take advantage of this scheme?
So the direct answer to this is – no. People who already have a PF account will not get the benefit of ₹ 15,000 under the PM Vikas Bharat Yojana. This is because having a PF account means that you have already worked somewhere. This scheme is especially for those youth who are working for the first time and need an initial financial boost.
Under what conditions will you get the benefit of this scheme
There are some important conditions to avail the benefits of PM Vikas Bharat Yojana, which are mandatory to be followed. This scheme is only for those youth who are starting their first job in any sector. The benefit of this scheme will be available only to the youth working in the private sector. If your monthly salary is more than ₹ 1 lakh, then you will not be eligible for this scheme.
What is the goal of this scheme
The main goal of PM Vikas Bharat Yojana is to encourage new employment opportunities in the country and empower the youth economically. Through this scheme, around 3.5 crore new employment opportunities are expected to be created in the next 2 years, which will boost India’s economy and help the youth to build a better future.