About the Scheme
PM-VBRY is India's largest employment-linked incentive scheme (₹99,446 crore) creating 3.5 crore formal jobs. Cabinet approved July 1, 2025; effective Aug 1, 2025. Part A: one-month EPF wage (max ₹15,000) for first-time EPFO workers. Part B: employer incentive per additional new employee (up to ₹3,000/month for 2-4 years). Manufacturing gets extended 4-year incentive. Administered by EPFO.
Target Beneficiaries: 3.5 crore new workers; first-time EPFO contributors earning up to ₹1 lakh/month; employers creating new jobs
Key Features
- Budget: ₹99,446 crore — India's largest employment-linked incentive scheme ever
- Part A (Employees): one-month EPF wage (max ₹15,000) in 2 instalments for first-time EPFO contributors earning up to ₹1 lakh/month
- Part B (Employers): monthly incentive per additional employee; up to ₹3,000/month per new hire for 2 years
- Manufacturing sector: extended 4-year employer incentive (vs 2 years for other sectors)
- Target: 3.5 crore new formal jobs (1.92 crore first-time workers + employer-created jobs)
- Gig workers: identity cards, e-Shram registration, PM-JAY healthcare coverage
- Data validation: GST, CBDT, MCA, ESIC, Udyam portals cross-referenced