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The Central Government has officially rolled out the Prime Minister Viksit Bharat Rozgar Yojana (PMVBRY) along with its dedicated online portal. The scheme, announced by Prime Minister Narendra Modi during his 12th Independence Day address from the Red Fort on August 15, 2025, aims to generate over 3.5 crore new jobs within the next two years. Backed by a massive budget allocation of ₹1 lakh crore, the initiative is set to boost both employment opportunities and job security in India.

Union Labour and Employment Minister Mansukh Mandaviya described the scheme as a historic milestone in India’s journey towards becoming a developed nation. According to him, the program is not only designed to provide jobs to the youth but also to ensure dignity, financial safety, and stability for first-time employees.

Timeline of the Scheme

The benefits of PM Viksit Bharat Rozgar Yojana will apply to all jobs created between August 1, 2025, and July 31, 2027. The scheme has been structured in two parts—Part A for employees and Part B for employers—ensuring mutual growth and incentives for both sides.

Part A: Benefits for Employees

The government has introduced exclusive benefits for individuals who secure a job for the first time under this scheme.

• One-time financial support will be provided to new employees.

• This amount will equal one month’s basic pay plus dearness allowance (DA), subject to a maximum of ₹15,000.

• The payment will be released in two installments directly to the employee.

• To be eligible, the monthly salary of the employee must be less than ₹1 lakh.

This initiative is expected to significantly encourage fresh graduates and first-time workers to enter the organized workforce with greater confidence and financial backing.

Part B: Benefits for Employers

To promote large-scale job creation, employers will also receive incentives for hiring new staff.

• Companies will get up to ₹3,000 per month per new employee as financial support.

• The benefit will be provided for two years in general sectors, while the manufacturing sector will receive it for four years.

• To qualify, companies with fewer than 50 employees must add at least 2 new workers, whereas organizations with 50 or more employees must hire a minimum of 5 new workers.

• These jobs must be sustained for at least six months to ensure stability in employment.

Broader Coverage Across Institutions

The Ministry has clarified that PMVBRY will also extend to establishments that are currently not covered under the Employees’ Provident Fund and Miscellaneous Provisions (EPF & MP) Act, 1952.

Such employers will be required to:

• File Electronic Challan-cum-Return (ECR) regularly.

• Generate Universal Account Numbers (UAN) for all employees.

• Utilize the UMANG App for compliance and record-keeping.

Why This Scheme Matters

The PM Viksit Bharat Rozgar Yojana is being seen as a game-changer for India’s job market. With unemployment being a persistent challenge, the government’s decision to directly support both employees and employers is expected to bridge critical gaps in the labor sector.

By encouraging first-time job seekers and incentivizing companies to expand their workforce, the scheme has the potential to create a strong, sustainable, and inclusive employment ecosystem. Experts believe that this initiative will also contribute to India’s vision of becoming a $5 trillion economy, as large-scale employment generation directly impacts consumption, demand, and overall economic growth.

Key Highlights at a Glance

• Official launch date: August 18, 2025

• Jobs to be created: 3.5 crore+ within 2 years

• Budget allocation: ₹1 lakh crore

• Employee benefit: One-time support up to ₹15,000

• Employer benefit: Up to ₹3,000 per month per employee

• Eligibility period: August 1, 2025 – July 31, 2027

• Manufacturing sector support: Extended to 4 years