Employment Linked Incentive

PRADHAN MANTRI VIKSIT BHARAT ROZGAR YOJANA: EMPLOYMENT GENERATION THROUGH INCENTIVE-BASED FORMAL JOB CREATION

The Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) is a ₹99,446 crore central scheme incentivizing the creation of 3.5 crore formal jobs. By providing direct EPF wage bonuses to first-time employees and monthly subsidies to employers, it combats youth unemployment and accelerates economic formalization.