US Edition
Incentive for First-Time Employees, Employers
INDIA, JUL 25 – The scheme offers up to Rs 15,000 to first-time EPFO employees and incentives to employers, aiming to create over 3.5 crore new jobs in two years, officials said.
- The Employment Linked Incentive Scheme will be renamed PM Viksit Bharat Rozgar Yojana and will start on August 1, 2025, aiming to create over 3.5 crore jobs through an investment of Rs 99,446 crore.
- The scheme will offer incentives to first-time employees earning up to Rs 1 lakh, providing two installments of Rs 15,000, with conditions on service duration and financial literacy completion.
- Employers creating new jobs will also receive incentives for two years, with manufacturing jobs eligible for an extra two years.
- Principal Regional Commissioners from EPFO stated that this initiative is part of India's strategy for employment-led development and aims to boost economic growth by creating jobs.
13 Articles
13 Articles
PMVBRY Scheme: A scheme of Rs 1 lakh crore will start from August 1, 3.5 crore people will get jobs
PMVBRY Scheme: The Ministry of Labor on Friday announced that the Pradhan Mantri Vikassheel Bharat Rojgar Yojana (PM-VBRY) will come into effect from August 1, 2025. This ambitious scheme has been approved by the Union Cabinet chaired by Prime Minister Narendra Modi. With an outlay of Rs 99,446 crore, the scheme aims to stimulate employment generation of over 3.5 crores in the next two years (August 1, 2025 to July 31, 2027). In this, 1.92 crore…
India to Launch PM-VBREY Scheme on August 1, 3.5 Crore Jobs Targeted by 2027 I Economy India
The Modi government’s ambitious new employment-linked incentive scheme aims to formalize the workforce, support industry, and create millions of jobs by 2027 New Delhi (EconomyIndia) : The Government of India has officially announced the rollout of the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBREY) from August 1, 2025, setting an ambitious goal of creating 3.5 crore formal employment opportunities within a span of two years. The announcem…
Coverage Details
Bias Distribution
- 67% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
