Pradhan Mantri Viksit Bharat Rojgar Yojana (PM-VBRY)

The Pradhan Mantri Viksit Bharat Rojgar Yojana (PM‑VBRY), announced in August 2025, is a two‑year scheme (1 Aug 2025 – 31 Jul 2027) with an outlay of ₹99,446 crore. It aims to generate formal employment for over 3.5 crore people, including 1.92 crore first‑time employees, by providing a two‑part incentive: a one‑time EPF‑wage incentive (capped at ₹15,000) for first‑time workers earning ≤ ₹1 lac/month, paid in two instalments after six and twelve months of service, and an employer incentive of up to ₹3,000 per month per eligible employee for two years (extended to years 3‑4 for manufacturing). In its first year, the scheme has added 72 lakh first‑time workers to the formal sector, with nearly 30 % women, and over 15 lakh beneficiaries have received incentives. Implementation is digital, using EPFO‑linked platforms, Aadhaar‑based authentication, UAN face‑auth on the UMANG app, and DBT to Aadhaar‑linked bank accounts.