Updated & Verified — Source: Official PMVBRY portal (EPFO). Registration window: 01 August 2025 — 31 July 2027.
PMVBRY seeks to formalize the workforce, accelerate youth employment, strengthen manufacturing-led job creation, and increase social security coverage through EPFO. The combination of direct financial support, mandatory financial literacy, and employer incentives aims to create a more inclusive, productive and verifiable labour market.
What is the Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY)?
It is an employment-linked incentive scheme launched by the Government of India in Budget 2024-25 to promote job creation, workforce formalization, and skill development through direct support to employees and employers. (Verified via official PMVBRY portal & EPFO guideline PDF.)
When will PMVBRY be implemented?
The scheme becomes effective from 01 August 2025, with registration open until 31 July 2027.
Who will implement PMVBRY?
The Ministry of Labour & Employment is the nodal authority; EPFO is the implementing and monitoring agency via the PMVBRY portal.
What are the main objectives of PMVBRY?
Generate sustained additional employment, formalize the workforce, enhance employability, support industries (especially manufacturing), and promote financial literacy among first-time employees.
What are the two parts of PMVBRY?
Part A provides one-time support for first-time employees (equivalent to 1 month’s Basic+DA up to ₹15,000). Part B provides employer incentives for net additional new jobs (monthly incentives by wage slab and extended duration for manufacturing under the 2+2 year structure).
Who is considered a first-timer under PMVBRY?
A first-timer is an individual who was never a contributing member of EPFO or an exempted PF trust before 01 Aug 2025 and joins an eligible establishment during the registration period (01 Aug 2025 – 31 Jul 2027), with Aadhaar-authenticated UAN and gross wages at joining below ₹1,00,000 per month.
How much financial support does a first-time employee receive?
A first-time employee can receive up to ₹15,000 (equivalent to one month’s Basic + DA) in two instalments: up to ₹7,500 after 6 months of continuous EPFO contribution and the balance after 12 months plus completion of the Financial Literacy Course.
What is the eligibility wage limit for employees?
Gross wages at joining must be below ₹1,00,000 per month to be eligible for incentives under PMVBRY.
What incentives do employers receive under PMVBRY?
Employers receive monthly incentives per net additional new employee depending on wage slab — up to ₹1,000 for wages ≤ ₹10,000; ₹2,000 for ₹10,001–₹20,000; and up to ₹3,000 for ₹20,001–₹1,00,000. Manufacturing units may receive extended benefits under the 2+2 year structure.
How long will employers receive benefits?
Standard support is for 2 years; manufacturing establishments may receive extended support up to 4 years (2 + 2 structure) as per official guidelines and conditions.
What is the baseline concept for establishments?
Baseline is the establishment’s workforce level (from EPFO records/ECRs) before PMVBRY. Only net additional new jobs created over this baseline qualify for employer incentives. Minimum thresholds: at least 2 additional hires if baseline < 50; at least 5 if baseline ≥ 50.
Are exempted establishments eligible for PMVBRY?
Yes — exempted establishments (those with their own PF trusts) may participate provided they file ECRs with EPFO, ensure Aadhaar-authenticated UANs for employees, and meet other scheme compliance requirements.
What documents are required for employer registration?
Employers typically need EPF code, PAN, GSTN, and a PAN-linked business bank account. Exempted trusts must continue ECR filing with detailed employee data for validation.
How are incentives disbursed under PMVBRY?
Payments are made via Direct Benefit Transfer (DBT). Employee benefits go to Aadhaar-seeded bank accounts; employer incentives are credited to PAN-linked business accounts (single nominated account where applicable).
What happens if an employee leaves the job before completing eligibility?
If an employee resigns, is terminated, or passes away before completing required contribution periods, the incentive for that individual is discontinued as per scheme rules.
Will incentives be taxed?
Incentives are subject to Income Tax Act provisions unless specifically exempted by government notification. Employers and employees should consult tax advisors for treatment in individual cases.
What measures are in place to prevent fraud?
EPFO uses Aadhaar/UAN authentication, ECR verification, and cross-checks with government databases (GSTN, MCA, IT) to validate claims. Fraudulent claims can lead to penalties and cessation of benefits.
What is the total financial outlay of PMVBRY?
Financial allocations and outlay details are published in official scheme documents and budget releases. Refer to the official guideline PDF (linked above) for the precise figures.
What kind of grievance redressal system is available?
EPFO provides an online grievance filing facility on its portal, a dedicated helpline, and an escalation mechanism. Official timelines for resolution are set out in scheme guidelines.
Will PMVBRY support seasonal industries?
Yes; official guidelines include provisions to address seasonal employment patterns and allow flexibility in ECR filings for eligible seasonal industries to ensure first-timers are covered.
How does PMVBRY benefit the manufacturing sector?
Manufacturing establishments receive an extended incentive window (2+2 year structure) to promote labour-intensive expansion and sustained job-creation in factories and production units.
What role does financial literacy play in PMVBRY?
Mandatory financial literacy training for first-time employees strengthens financial behaviour and is a precondition to claiming the second instalment of the Part A benefit.
Can employees earning above ₹1 lakh join PMVBRY?
Employees with gross wages above ₹1,00,000 at joining may be part of the establishment but will not be eligible for PMVBRY incentives. Wage cap for eligibility is < ₹1,00,000 per month at joining.
Will the scheme continue beyond 2027?
The registration window currently ends on 31 July 2027. Any extension will depend on government review and budgetary decisions; check official EPFO notifications for updates.
If you have more questions?
Contact EPFO/PMVBRY official portal or our Compliance Age team using the contact details below for verified assistance and registration support.