PM Viksit Bharat Rozgar Yojana: There is a good news for youths. If you’ve recently started your first private job or are planning to join the formal sector (an EPFO registered company) in the coming days, the central government has a great scheme for you. Under the Pradhan Mantri Vikas Bharat Rojgar Yojana (PMVBRY), the government is offering a cash incentive of up to Rs 15,000 to first-time job seekers. The government has allocated a massive budget of ₹99,446 crore for this entire scheme, which aims to create over 35 million new jobs. Let’s find out who is eligible for this scheme and how this money will be credited to your account.
First-time job seekers are receiving a gift of Rs 15,000.
As part of the government’s Employment Linked Incentive (ELI) scheme, new employees will be granted an amount equal to one month’s salary, capped at Rs 15,000. This benefit is accessible to all employees earning a monthly gross salary of up to Rs 1 lakh. It applies only to jobs that commenced or will commence between August 1, 2025, and July 31, 2027.
Who is ineligible for the benefit?
Government employees cannot take advantage of this scheme since they are not included under EPFO and are instead covered by NPS or GPF. The Rs 15,000 incentive will be deposited into your bank account via Direct Benefit Transfer (DBT) in two parts. The first part will be released after you complete 6 months of continuous service in your job. The second part will be available after 12 months of service and successful completion of the government-mandated financial literacy program. A portion of this second installment will be directly transferred to your savings instrument.
To benefit from this scheme, employees must complete several essential digital verifications. According to EPFO regulations, all new members are required to verify their Universal Account Number (UAN) using Face Authentication Technology (FAT). Without this verification, funds will not be disbursed. Additionally, your bank account must be linked to your official identity card, and DBT transactions should be enabled. If this is not the case, please reach out to your bank branch promptly.
Employers will also gain from this scheme.
In this initiative, both employees and employers who create new jobs will receive an incentive ranging from ₹1,000 to ₹3,000 per month for each employee. However, employees need to be particularly cautious about one aspect: 1. Delays in contributions can be costly: If your company fails to submit the ECR (Electronic Challan-cum-Return) on time or delays in depositing the EPF contribution, the employee’s incentive may be halted. 2. Rapidly increasing figures:
According to the data of the Labour Ministry, by the end of the year 2025 itself, more than 20.7 lakh new employees had availed the benefit of this scheme and more than 2.35 lakh companies had registered on this portal.