New Government Scheme Rs15,000 Incentive for Your First Job Under PM-VBRY

PM Viksit Bharat Rozgar Yojana (PM-VBRY) Simplified

This is a new government scheme announced in Budget 2024-25 to boost employment and skilling across India, aiming for the Viksit Bharat@2047 vision.

The main goal is to create sustained, new jobs, increase the formal workforce (jobs with benefits like EPFO), and make people more employable.

The scheme has two main parts, offering support to both employees and employers:

Part A: Support for First-Time Employees

What it is: A one-time financial boost for people entering the formal workforce for the first time.

The Incentive: Up to 15,000 one-time payment.

The Reason: To help new employees during their initial learning phase before they become fully productive on the job.

Part B: Support for Employers (Job Creators)

What it is: An incentive provided to companies to encourage them to hire additional employees.

The Incentive Duration:

For all sectors (general): Incentives are provided for 2 years.

For the Manufacturing sector (which is a key focus): Incentives are provided for 4 years.

The Reason: To specifically reward and support establishments that are actively creating new, sustained jobs, especially in labor-intensive manufacturing.

🏛️ Key Takeaways

Overall Focus: Stimulating job growth, especially complementing the National Manufacturing Mission.

Implementation: The scheme is managed by the Ministry of Labour and Employment through the Employees’ Provident Fund Organisation (EPFO).

💥 Important Note After the Registration Ends

If an employer hires new staff after July 31, 2027, those employees will not get the incentive (Part A), and the employer will not get the financial support for those specific hires (Part B).

However, these new jobs may still be counted only to determine if the employer meets the minimum employment criteria (threshold) to keep getting incentives for the employees hired before the July 31, 2027 deadline.

How It Works (For Employee)

A simple step-by-step guide to help you understand how to qualify and receive your incentive

01)Obtain UAN

Get your Universal Account Number through your employer or directly through UMANG App.

02)Sustained Employment

Work for at least 6 months in your job.

03)Incentives

Receive your incentive directly in your Aadhar seeded bank account.

04)Complete Financial Literacy Program

Complete the Free Financial Literacy Program before 12 months to receive 2nd installment of the incentive.

How employer get benifits 

1)Get EPF Code number through Shram Suvidha Portal

2) Register Incentives in EPFO login website

3)Hire eligible workers(1st time or rejoining</=1 lakhs per month 

4)File monthly return regularly

5)Sustain Employment (Maintain additional hiring for baseline plus 6+ months.

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