Pradhan Mantri Viksit Bharat Rozgar Yojana PMVBRY is central government initiative introduced in the budget year 2024-25 as a part of the broad spectrum of Prime Minister’s Package for Employment and Skilling. It is also a part of Employment linked Incentives scheme, Government of India. The scheme focuses on generating employment, enhancing employability and promoting formalization of the workforce. The scheme consists of two parts, part A incentivizes the youth entering the workforce for the first time and part B incentivizes the employers for generating & sustaining employment.
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What is PMVBRY?
The Government of India on 01.07.2025 approved the Pradhan Mantri Viksit Bharat Rozgar Yojana to support employment generation, enhance employability and social security, across all sectors, with special focus on the manufacturing sector. Pradhan Mantri Viksit Bharat Rozgar Yojana PMVBRY is a Central Sector Scheme. With an outlay of ₹99,446 Crore, the Pradhan Mantri Viksit Bharat Rozgar Yojana aims to incentivize creation of more than 3.5 Crore jobs in the country, over a period of 2 years. The benefits of the Scheme would be applicable to jobs created between 01st August 2025 and 31st July, 2027.
Pradhan Mantri Viksit Bharat Rozgar Yojana will be implemented by Ministry of Labour & Employment through Employees Provident Fund Organisation (EPFO), a statutory body under the Employees’ Provident Funds & Miscellaneous Provisions Act of 1952. The Scheme consists of two parts with Part A focused on first timer employees and Part B focused on employers.
Objectives of PMVBRY
- The Pradhan Mantri Viksit Bharat Rozgar Yojana (hereinafter referred to as the Scheme) has been designed to stimulate employment creation by providing incentives to employees and employers. Its core objective is to promote the generation of sustained additional employment, increase formalization of the workforce and enhance employability.
- The scheme will provide support to employees and establishments.
- Part A of the initiative supports first time employees in their learning curve, by offsetting costs of upskilling, thereby leading to increased productivity and employability. Additionally, the scheme emphasizes financial literacy for first timers, equipping them with essential skills for managing their finances.
- The incentives under Part B of the PMVBRY Scheme will give impetus to employment generation in all sectors with an additional focus on the manufacturing sector.
- Through these comprehensive measures, the scheme strives to foster a more dynamic, formal and inclusive labour market in India particularly for the youth.
- Further, the PMVBRY scheme will complement the ‘National Manufacturing Mission’ in promoting entry of new industries as well as scaling up of the existing industries particularly in labour-intensive manufacturing sectors.
Eligibility for PMVBRY
Eligibility of Employee and Establishment for Part-A:
- For Part A, the First Timer of all the existing and new establishments, which are covered under EPF&MP Act, 1952 are eligible subject to fulfilment of the eligibility criteria.
- All ‘First-Timers’ who had Gross monthly wages up to ₹ 1 Lakh at the time of joining the establishment registered with EPFO as well as exempted establishments, will be eligible for the first instalment of the incentive under this Part of the scheme, after filing of ECRs along with contributions for 6 continuous months.
- The establishments which are part of seasonal industry as defined in the EPF Scheme, 1952, ECRs filed by them for six months, over a period of last 12 months (irrespective of continuity of the ECRs) would be considered for deciding the eligibility of the First Timer provided he/she continues with the same establishment for the entire period of 6 months.
- Further, for being eligible to receive the second instalment under Part A of the PMVBRY scheme, all the 12 months’ ECRs need to be filed within a period of 18 months from the date of joining of First Timer in the establishment. Further, First Timer needs to continue in the same establishment continuously for the entire period for availing the benefits under Part A of the scheme. In case, the First Timer leaves the establishment and they join any other establishment thereafter, they will not remain First Timer and as such will not be eligible for the second instalment.
Eligibility of Employee and Establishment for Part-B
- All existing and new establishments registered with EPFO will be deemed registered under the scheme. Further, for availing the scheme incentives, the establishment will have to exercise the option as provided in the Unified Portal of EPFO and also provide GST Number and PAN Linked Bank account details.
- Under Part B of the PMVBRY Scheme, incentives are to be provided to the employer in respect of net employment generated over and above the baseline fulfilling the threshold criteria.
- The first eligible month will be counted from the completed month on which the establishment has crossed threshold for the first time.
- Based on contribution details furnished in the ECRs, the incentive will be paid to eligible establishments on a cumulative basis for the first six month period cycle.
CLICK HERE FOR MORE DETAILS: https://pmvbry-cdn.epfindia.gov.in/wp-content/uploads/2025/11/SOP-for-Calculation-of-Incentives.pdf
Latest SoP of PMVBRY
- The incentives under Part A to the First Timer shall be equivalent to the one completed month EPF wage, subject to a maximum of ₹15,000/-.
- The incentives shall be payable in two instalments.
- The 1st instalment will be up to a maximum of ₹7,500/-, to be calculated as half of the average EPF wage for six continuous completed months and payable after filing of six completed months’
ECRs along with contributions. - The 2nd instalment, payable to the First Timer, will be equal to the average of the first 12 completed months’ EPF wage reduced by the amount of 1st installment and restricted to a total incentive of ₹15,000. The 2nd installment will be kept in an appropriate saving instrument/deposit account.
- Calculation and payment of incentive under Part B of PMVBRY will be done as follows:
- Establishment eligibility will be checked and If the establishment is not eligible for any particular month, the monthly incentive for that month will be zero.
- Identifying eligible employees: An “eligible employee” is one in respect of whom statutory contribution is received in EPFO or Exempted Trust continuously for at least 6 completed months.
- They must have joined the establishment during the scheme registration period.
- Their gross wages at the time of the joining the establishment is less than Rs. 100,000 per month. Such eligible employees will only be considered for incentive to Establishments under Part B of the scheme.
What is ECR?
Electronic Challan cum Return. It is online monthly submission of contributions by employers.
Who is First Timer?
Any employee, with date of joining in an establishment between 01.08.2025 and 31.07.2027 (both dates inclusive) and who was not a contributing member of Employees Provident Fund either with EPFO or Exempted Trust prior to 01.08.2025 and their Contribution is received in EPFO or exempted trust for the first time for the wage month August 2025 or thereafter.
How can employees register to avail benefits under Part A of the scheme?
There is no registration process for the employees under PMVBRY . They will be provided incentive on the basis of ECR filed by their establishment with EPFO.
How and when the incentives will be paid?
Incentives will be paid within 45 days after the establishment or employee fulfills the eligibility conditions and establishment files the paid ECR, as per the defined periodicity of the scheme.
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