Pradhan Mantri Viksit Bharat Rozgar Yojana

The Prime Minister recently announced the launch of the Pradhan Mantri Viksit Bharat Rozgar Yojana, a new employment-focused initiative aimed at boosting formal job creation in the country.

Objective of the Scheme

The scheme aims to create over 3.5 crore formal jobs within a period of two years, by offering direct cash incentives to both first-time employees and employers.

Key Features of the Scheme

The scheme is divided into two parts:

Part A – Support to First-Time Employees

This part targets first-time employees who are registered with the Employees’ Provident Fund Organisation (EPFO).
Eligible employees with a monthly salary of up to ?1 lakh will receive EPF wage support of up to ?15,000, disbursed in two installments.

Installment Details:

1st installment: Payable after 6 months of continuous service.
2nd installment: Payable after 12 months of service and completion of a financial literacy programme.
To promote savings, a portion of the incentive will be retained in a savings instrument or fixed deposit, which the employee can withdraw later.

Part B – Incentives for Employers

Aimed at encouraging additional employment generation, especially in the manufacturing sector.
Employers hiring new employees (with monthly salaries up to ?1 lakh) will receive incentives up to ?3,000 per employee per month for a period of two years, provided the employment is sustained for at least six months.

Special Provision for Manufacturing:

For jobs created in the manufacturing sector, the incentive period will be extended to the third and fourth years as well.

Incentive Payment Mechanism

Payments to first-time employees (Part A) will be made via Direct Benefit Transfer (DBT) using the Aadhaar Bridge Payment System (ABPS).
Payments to employers (Part B) will be credited directly to their PAN-linked bank accounts.

Significance

This scheme marks a major policy push towards formalizing employment, especially for youth entering the workforce for the first time.
By supporting both workers and employers, it aims to reduce informal sector dependency, boost job stability, and strengthen financial inclusion.

Source: THE HINDU

Join Our Telegram

Right to Information (RTI) Act, 2005

Carbon Capture, Usage, and Storage

11 Nov, 25
SHARE

The report from Climate Analytics highlights growing concerns about Asia's reliance on Carbon Capture, Usage, and Storage (CCUS) technologies, particularly in countries like China, Japan, South Korea, and Indonesia. While CCUS has the potential to help mitigate emissions, the way these technologies are currently being deployed in Asia raise

Right to Information (RTI) Act, 2005

10 Nov, 25
SHARE

The RTI Act, 2005 has played a pivotal role in fostering transparency and accountability in India’s public institutions. As it celebrates 20 years of implementation in October 2025, a study has highlighted significant gaps in its functioning, which underscore the strains the transparency system is under. Key Facts About the RTI Act, 20

National Agriculture Market (e-NAM)

09 Nov, 25
SHARE

The National Agriculture Market (e-NAM) is an ambitious initiative launched by the Ministry of Agriculture and Farmers’ Welfare to streamline and modernize agricultural marketing in India. It is an electronic trading platform aimed at creating a unified national market for agricultural commodities, enabling farmers across India to access

India-Qatar

08 Nov, 25
SHARE

The India-Qatar Joint Commission on Economic and Commercial Cooperation (JCEC) meeting marked a significant step in strengthening bilateral ties between India and Qatar, focusing on boosting trade, investment, and collaboration across several sectors. Key Outcomes of the India-Qatar Joint Commission Meeting: Ambitious Trade Target:

Food and Agriculture Organization (FAO)

08 Nov, 25
SHARE

India and the Food and Agriculture Organization of the United Nations (FAO) recently celebrated 80 years of partnership on World Food Day 2025. About the FAO The Food and Agriculture Organization (FAO) is a specialized agency of the United Nations established in October 1945. It is the oldest permanent specialized agency of the UN and pl