Many financial rules change on the first day of every month. Today, from August 1, 2025, the Government of India is launching one such new and revolutionary scheme, named Pradhan Mantri Vikasit Bharat Rojgar Yojana (PM-VBRY). This scheme is especially for those youth who are starting their first job in life.

Under this scheme, the government will provide financial assistance of ₹ 15,000 to those doing their first job. This amount will be given in two parts, which will provide a big financial support to the youth in the early days of the job.

Youth will get financial help

This scheme was earlier known as Employment Linked Incentive, i.e., ELI, but now it has been renamed as PM-VBRY. The main goal of this scheme is to create 3.5 crore new jobs in the country, especially in the manufacturing sector. This scheme will encourage the youth to work in the organized sector by giving them financial help. This will also motivate companies to hire new people. For this scheme, the government has set aside a huge budget of ₹ 99,446 crores for the next four years.

 

How to get the benefit of the PM-VBRY scheme

This scheme will work in two parts, and there are different rules for both:

For employees

This part is for those who are starting a job for the first time. If your monthly salary is less than ₹ 1 lakh and you are registered with EPFO, then you will get assistance of ₹ 15,000. This money will come in two installments. The first installment will be given after working for 6 months, and the second installment will be given after completing 12 months, provided you have completed the Financial Literacy Course. This amount will come directly to your bank account linked to Aadhaar. Some part of it will be deposited in your savings account, which you can withdraw later. It is estimated that 1.92 crore new employees will benefit from this part.

For companies

If a company hires new people, it will get an incentive of ₹ 3,000 per employee every month. This incentive will be available for two years, and companies in the manufacturing sector will get it for four years. Small companies with fewer than 50 employees will have to hire at least 2 new people for 6 months. Large companies will have to hire at least 5 new people for 6 months. This money will come to the bank account linked to the company’s PAN.

Make in India will get a boost

The objective of this scheme is to motivate more and more people to work in the organized sector and avail social security like pension, insurance. In this scheme, special attention has been given to making the youth of 18-35 years skilled and supporting small and medium businesses. This scheme will also promote ‘Make in India’ and help make India a big manufacturing hub.

This scheme is another big step in that direction, which was started by Prime Minister Modi on July 12 by distributing 51 thousand appointment letters in the Rozgar Mela. If you are starting your first job or your company wants to give jobs to new people, then this is a golden opportunity for you. Just complete 6 months of work and take full advantage of this scheme.