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...