PM Viksit Bharat Rozgar Yojana Launches: First-Time Job Joiners to Get INR15,000 Initiated

PM Viksit Bharat Rozgar Yojana Starts from August 1: INR15,000 Reward for First-Time Employees, Full Details Here

The Government of India has officially launched the PM Viksit Bharat Rozgar Yojana from August 1, 2025, offering financial support to young individuals entering the workforce for the first time. Aimed at boosting employment and incentivizing formal job creation, the scheme provides monetary benefits to both employees and employers under certain eligibility conditions.

Let’s break down the key highlights, eligibility, benefits, and application process of this scheme.

What is PM Viksit Bharat Rozgar Yojana?

The PM Viksit Bharat Rozgar Yojana is a government initiative designed to increase employment and encourage formal workforce participation across India. Originally introduced in the Union Budget under the Employment Linked Incentive (ELI) Scheme, it has now been officially renamed and expanded to benefit millions.

Under this scheme, first-time employees who enroll with EPFO (Employees' Provident Fund Organisation) will receive a one-time incentive of ₹15,000 directly from the government. Additionally, companies hiring these employees will be eligible for a monthly incentive of up to ₹3,000 per employee.

Objective of the Scheme

• Create over 3.5 crore new jobs within two years

• Encourage formal employment for over 1.92 crore new workers

• Strengthen India’s workforce and promote savings culture among youth

Key Benefits of the Scheme

1. For Employees:

• A ₹15,000 financial incentive will be provided to individuals who are joining their first job and becoming EPFO members.

• The amount will be released in two installments:

  • First after 6 months of continuous employment

  • Second after completing 12 months of service and undergoing a financial literacy program

• Employees with gross monthly salary up to ₹1 lakh are eligible.

2. For Employers/Companies:

• Companies will receive up to ₹3,000 per new hire monthly for a period of 2 years.

• In the manufacturing sector, this benefit will extend for 4 years.

• The incentive amount depends on the employee’s salary slab:

Salary Slab	Employer Incentive per Month
Up to ₹10,000	₹1,000
₹10,001 – ₹20,000	₹2,000
₹20,001 – ₹1,00,000	₹3,000

Eligibility Criteria

• The employee must be joining formal employment for the first time with no prior EPFO membership.

• Gross monthly salary must not exceed ₹1 lakh.

• The employee must remain in the same company for at least 6 months.

• The employer must be registered with EPFO.

• For smaller companies (up to 50 employees), a minimum of 2 new hires is mandatory.

• For larger organizations (more than 50 employees), at least 5 new recruits are required.

Required Documents

To qualify, the following documents are essential:

• Valid UAN (Universal Account Number) from EPFO

• Appointment letter from the company

• Aadhaar Card

• Bank account linked with Aadhaar

How and When Will the Money Be Disbursed?

• No separate application is needed by the employee.

• Once the first PF account is opened and the employee remains in the job for 6 months, the first installment of ₹7,500 will be credited.

• After 12 months of continued service and completion of a financial education module, the second installment of ₹7,500 will be paid.

• Part of the amount will also be deposited into the employee’s PF account to promote long-term savings.

• Employers will receive their share via Direct Benefit Transfer (DBT).

Frequently Asked Questions (FAQs)

Q1. Do I need to apply for this scheme separately?
No. Once your PF account is created for the first time and you meet the eligibility, you are automatically enrolled.

Q2. What if I’ve previously worked and already have an EPFO account?
Unfortunately, the scheme only applies to first-time job joiners without any prior EPFO membership.

Q3. Will the ₹15,000 be credited with my first salary?
No, the incentive will be disbursed in two parts — after 6 and 12 months of employment, respectively.

Conclusion

The PM Viksit Bharat Rozgar Yojana is a strategic move by the Indian government to energize the job market, especially for first-time job seekers. With both employees and employers set to benefit, the scheme is expected to create millions of new job opportunities while supporting financial literacy and savings culture among youth.

If you’re starting your first job this August, this government ‘gift’ might just be the perfect head start for your career!